Blockchain data storage leader Serenity and U.S.-based fintech firm Zoniqx have partnered to launch a biometric-secured, compliance-focused tokenization pilot in the UAE. The initiative is expected to debut in Dubai within six months. According to the companies, this pilot marks a key milestone in building interoperable digital asset infrastructure linking U.S. and Gulf Cooperation Council (GCC) capital markets.
The partnership reflects growing momentum in the $16 trillion global tokenization opportunity—an area where leading consultancies such as BCG expect RWAs to comprise $16 trillion of tokenized value by 2030. Yet widespread institutional adoption faces structural barriers, including fragmented regulatory frameworks and the persistent mismatch between legal and digital ownership.
Serenity and Zoniqx’s pilot will address this gap by aligning land registry title deeds directly with on-chain security tokens—eliminating the complex trustee mechanisms used in other markets. This alignment is expected to streamline token issuance and secondary trading while upholding cross-jurisdictional legal enforceability.
The project leverages Zoniqx’s Dynamic Compliant Interoperable Security Tokens Protocol (DyCIST)—a compliance-aware token standard (ERC-7518) that enables regulated issuance and cross-chain mobility of security tokens. Meanwhile, Serenity brings its decentralized data survivability protocol (DeDaSP) and biometric authentication technology into the mix, creating a secure, identity-verified ecosystem for tokenized assets.
“Our partnership with Zoniqx takes tokenized assets beyond RWA to a paradigm of Real-World Services (RWS), where businesses can create, distribute, and manage asset tokens on an API foundation of compliance and decentralized storage,” said Robert Boris Mofrad, Co-founder and Chief Product Officer of Serenity.
The pilot will also integrate Serenity’s sAxess biometric card, a fingerprint-authenticated blockchain cold wallet card, enhancing both security and usability. This identity-first infrastructure will enable U.S. investors to access GCC-based tokenized assets—a first step toward building an interoperable financial bridge between the two markets.
“This partnership is a much-needed exploration for regulatory clarity that drives the tokenization space forward,” said Venket Naga, Co-Founder and CEO of Serenity. “We aim to create a bridge that allows the U.S. and GCC financial markets to cross-leverage each other’s strengths through tokenization.”
Zoniqx, already a major player in RWA tokenization with over $50 billion in pipeline projects, has delivered frameworks supporting diverse use cases, including a $1 billion AI-powered ESG data center fund, tokenized reinsurance contracts, and sports franchise equity programs. The firm is now targeting expansion across the Middle East, APAC, and LATAM regions.
“This pilot is not a one-off initiative,” said Prasanth Kalangi, Founder and CEO of Zoniqx. “It’s part of a global expansion where we’re launching dynamic tokenization environments. Our partnership with Serenity brings together proven compliance and liquidity rails with next-gen identity protocols to build trust and utility for tokenized assets at scale.”
The Serenity-Zoniqx collaboration also signals a larger trend of convergence between compliance, data privacy, and blockchain innovation.
Serenity’s DeDaSP architecture offers recursive succession mechanisms using patent-pending NFT technology powered by biometrics, while Zoniqx’s platform remains chain-agnostic—supporting deployment across more than 25 blockchain networks.
Beyond technological innovation, the partnership aims to influence regulatory frameworks shaping the tokenization market. Governments in both the U.S. and UAE have been exploring legal models to support tokenized securities, but widespread adoption hinges on solutions that offer both legal clarity and operational resilience.
While there is a lot of excitement around tokenization, practical deployment that aligns legal and digital ownership is still in its infancy. Efforts like this can move the needle, especially if they demonstrate scalable, jurisdiction-agnostic models.
Read Also: SKALE Labs Launches Industry-First MEV-Resistant Blockchain for AI-Driven Finance
Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.
Image Credits: Canva