2 min read
Add as a preferred source on Google

Marwynn Signs 18-Month MOU With OmniX for AI and RWA Infrastructure

The nonbinding agreement covers computing, analytics and potential infrastructure for issuing, trading and settling real-world asset securities.

Singapore data-center buildings glow in early morning light / TokenPost.ai
Singapore data-center buildings glow in early morning light / TokenPost.ai

Marwynn Holdings signed an 18-month memorandum of understanding with Singapore-based OmniX Technologies Pte. Ltd. to evaluate AI computing, data analytics and infrastructure for real-world asset securities.

The agreement gives Marwynn’s wholly owned NexaCore Technologies a potential role supplying computing capacity and AI services for OmniX workloads, but any commercial arrangement would require separate definitive agreements.

The companies will assess six areas: AI compute supply, AI applications and analytics, RWA securities infrastructure, distribution and market development, regional market entry, and corporate or capital-markets matters.

The contemplated infrastructure would support the issuance, custody, trading, settlement and servicing of real-world asset instruments, as well as regulatory mapping across jurisdictions. OmniX operates a digital-asset trading platform offering cryptocurrency spot and futures trading and has described plans to expand into multi-asset, wallet, brokerage and RWA-related services.

The evaluation is expected to follow four indicative phases. Mobilization would begin within 30 days, followed by assessment from days 31 through 120, pilots during months five through nine, and possible implementation during months 10 through 18.

The MOU does not require either party to invest, supply or purchase services, or implement a project. It contains no pricing, revenue share, investment amount or other commercial terms. Either party may terminate the MOU with 60 days’ written notice. Preferred-partner obligations may end with 30 days’ notice and apply only in markets where both companies hold the required licenses.

“NexaCore was built to run demanding AI workloads, and a trading platform is about as demanding as it gets: risk, surveillance, and prediction models that have to perform around the clock,” Marwynn CEO and chairperson Yin Yan said.

Yan said the companies would define requirements, conduct pilots and negotiate definitive agreements only if the results support moving forward.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…