English
TIMESINDONESIA, JAKARTA – PT Edena Capital Nusantara of EDENA Group today confirmed the accelerated deployment of Egypt's first Security Token Offering (STO) exchange following a strategic visit by Egypt's Bayt El Khebra Group (BEK Group) leadership to Seoul. The high-profile delegation traveled to Korea specifically to advance partnership implementation, confirming Q4 2025 launch with potential acceleration to Q1 2026.
The Egyptian delegation was led by former Prime Minister Ibrahim Mahlab (BEK Group Executive Director), accompanied by Mohamed Khaled Abdallah (BEK Vice Chairman) and Mohamed El-Sebely (CEO BEK Financial). They met with EDENA leadership including CEO Wook Lee and directors Sanghyun Lee, Yoo Sun Hwan, and Kang Woong Sik. The presence of Khaled Abdel Rahman, Ambassador of Egypt to Korea, underscored the strategic importance at governmental levels.
Bayt El Khebra Group (BEK Group), established in 1949, stands as one of Egypt's largest and most influential financial services conglomerates. With operations spanning investment banking, infrastructure development, and real estate projects valued at hundreds of billions, BEK has shaped Egypt's modern economy. Under the leadership of former PM Ibrahim Mahlab—who served as Egypt's 35th Prime Minister and previously led Arab Contractors through mega-projects including the Suez Canal expansion—BEK maintains direct access to presidential advisory circles and regional government networks across 70 countries.
"The partnership with BEK Group elevates EDENA to unprecedented heights in global digital securities," stated Wook Lee, CEO of EDENA Group.
"Our proven expertise in carbon markets, digital finance innovation, and multi-jurisdictional operations, combined with BEK's unmatched regional influence, positions us to lead the transformation of emerging market finance," said Wook Lee, CEO of EDENA Group.
The Seoul meetings confirmed an ambitious dual-asset strategy. While real estate tokenization remains the primary focus with a $250 million Cairo development already secured, Egypt's growing emphasis on carbon credits through recent Financial Regulatory Authority initiatives positions environmental assets as a co-primary offering.
"Egypt is strategically positioned to become Africa's carbon credit powerhouse while maintaining its real estate dominance," noted former PM Mahlab during discussions. "Our STO platform will tokenize both premium real estate and carbon credits, creating unprecedented investment opportunities for global markets while supporting Egypt's economic and environmental objectives."
Mohamed El-Sebely added, "The Egyptian government's recent focus on voluntary carbon markets aligns perfectly with EDENA's expertise in environmental asset tokenization."
For PT Edena Capital Nusantara's upcoming Indonesian launch, the Egypt partnership delivers transformative advantages:
Institutional Validation: Direct association with former PM Mahlab and Egypt's premier financial group strengthens credibility with Indonesian regulators and investors
Diversified Asset Base: Egyptian real estate and carbon credits complement Indonesian offerings, creating a truly global marketplace
24/7 Trading Network: Cairo-Jakarta corridor enables round-the-clock liquidity across time zones
Market Leadership: Combined reach of 2.5 billion people across 70+ countries positions EDENA as the dominant emerging market platform
The partnership targets expansion based on market demand:
2025-2026: $10 billion in tokenized assets (real estate, infrastructure, carbon credits)
2026-2027: $50 billion transaction volume
2027: $100 billion assets under management
2028-2030: Expansion to 20+ African nations
"These projections reflect realistic growth based on our existing pipeline and regulatory approvals," emphasized Sanghyun Lee, Director of EDENA Group.
"As the primary regulated gateway connecting ASEAN and MENA markets, we're positioned for significant but sustainable growth," said Sanghyun Lee, Director of EDENA Group.
The EDENA-BEK alliance leverages unique competitive advantages:
Egypt's strategic position controlling 12% of global trade through the Suez Canal
BEK's 76-year institutional relationships across Middle East and Africa
EDENA's operational excellence across multiple regulatory jurisdictions
Combined government support from Cairo to Jakarta
July 2025: Strategic partnership with BEK Group established
September 2025: Seoul meeting to finalize operational details (current)
Q4 2025: Soft launch with institutional investors
Q1 2026: Full public launch
2026-2027: Expansion across MENA region with BEK's network
"This partnership transcends traditional financial ventures," said Wook Lee.
"We're building the infrastructure for South-South cooperation, enabling direct capital flows between emerging markets without Western intermediation," concluded Wook Lee. (*)
| Pewarta | : Ahmad Nuril Fahmi |
| Editor | : Ahmad Nuril Fahmi |
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