EMURGO Labs, a full-stack innovation agency with deep blockchain
expertise and a contributor to the Cardano ecosystem, has signed an
MoU with Pravica, a blockchain infrastructure service provider
specializing in money tokenization, have signed an MoU to establish a
framework for collaboration to integrate Cardano native stablecoins on
the Sui blockchain.
Under this agreement, Pravica will leverage its S3.Money
infrastructure to significantly expand the utility of Cardano native
stablecoins. This collaboration is essential for bridging these native
stablecoins to the Sui blockchain, enabling cross-chain
interoperability.
Concurrently, the initiative will focus on integrating the stablecoins
for global remittance services by engaging leading financial
stakeholders and banks worldwide. The initial phase will involve
launching pilot programs in key international remittance corridors.
EMURGO Labs will provide technical expertise, documentation and
ecosystem engagement to facilitate the integration of Cardano native
stablecoins onto the Sui blockchain through S3.Money.
The collaboration aims to establish a scalable and secure framework
for blockchain-powered stablecoin payments, beginning with an
UAE–Egypt remittance corridor. The Parties have also committed to
coordinated efforts in business development, regulatory compliance and
joint marketing to accelerate adoption across the wider MENA region.
Ahmed M. Amer, CEO of EMURGO Labs, commented: “At EMURGO Labs, our
mission is to connect enterprises and institutions to blockchain in
ways that create lasting value. Partnering with Pravica allows us to
extend the utility of Cardano native stablecoins onto new ecosystems,
powered by robust infrastructure and real-world use cases. This
initiative also has the potential to support government-level
strategies for digital transformation, enabling public institutions,
regulators and financial institutions to explore stablecoin adoption
in a secure and compliant manner.”
Mohamed Abdou, CEO of Pravica, stated: “Through S3.Money, we are
building the infrastructure that connects stablecoin innovation with
real-world financial needs. Our partnership with EMURGO Labs
reinforces our commitment to delivering secure, compliant and
practical solutions for cross-border remittances and digital finance
on a global scale.”
Pravica Pravica is a Cairo-based infrastructure provider for money
tokenization. Its platform S3.Money delivers compliant rails for
issuing, managing, and transacting tokenized money, enabling banks,
fintechs, and enterprises to build programmable-money applications
while providing solutions for end users to use tokenized money.
