Happy 4-Month Anniversary, Tharwans.
It’s been a tough year across the broader crypto markets. Volatility, uncertainty, and exhaustion have hit nearly everyone.
And while that sentiment is still ongoing, we’ve kept our heads down and stayed focused on what actually matters, building real infrastructure and delivering on every commitment we’ve made.
Here’s a look at what’s been built over the last four months, what’s expanding, and what’s next.
▪️ Core Protocol Growth
•
$thUSD,
$sthUSD, and
$wthUSD are live, forming the foundation of Tharwa’s dual-lane ecosystem: faith-aligned and global-market.
•
$wsthUSD is in final testing. It lets users stake
$wthUSD to stream yield from global-market vaults, opening exposure to real-world fixed-income products.
• The Tharwa Gold Agent proof of concept is live, beginning Phase 1 of the roadmap. It’s currently analyzing gold market data, running quantitative models, and validating early AI-based allocation logic.
• Over 800,000
$thUSD has now been minted, backed by diversified RWA exposure across gold, sukuk, and real estate.
• Stage-0 contracts remain under 24/7 monitoring with circuit breakers and OTC routing live across all pairs.
• Genesis Points Season 1 has officially closed, and Season 2: Ascension is underway, introducing upgraded on-chain tracking through Envio Indexer.
▪️ Strategic Relationships & Partnerships
• Formal alliance with the Office of Sheikh Maktoum Suhail Al Maktoum, strengthening Tharwa’s bridge between sovereign capital, AI infrastructure, and DeFi.
• Partnership with MEV Capital, an institutional allocator managing ~$400 M AUM and curating ~$1.3 B TVL, integrating Tharwa assets into structured RWA strategies.
• Collaboration with Unlimited Vision, tokenizing high-yield Saudi logistics and real estate portfolios for thUSD backing.
• Partnership discussions advancing with Micropolis Robotics, developing the first on-chain Robotics Vault backed by contracts with Dubai Police HQ.
• Integration with Pendle Finance is almost complete, with adapters finalized and listed contracts open-sourced.
$thUSD and
$sthUSD will soon power SY markets and unlock fixed-yield strategies.
• Partnership with DeFa, connecting tokenized SME revenues to Tharwa’s first faith-aligned bond vaults.
▪️ Regulatory & Infrastructure Progress
• ADGM DLT license application advancing through final review phases.
• Legal architecture for institutional and faith-aligned vaults completed with Orhan Legal.
• OTC Marketplace backend completed and entering interface design, enabling low-slippage secondary liquidity for
$thUSD, vault tokens, and
$TRWA.
• Sukuk Vault certification process underway with UAE authorities, paving the way for faith-aligned investors.
• Institutional vault tranches under audit for allocation by DAOs and fund partners.
• Successfully onboarded new designers for the DApp and website facelift, refreshing Tharwa’s visual layer ahead of the next phase of product launches.
▪️ Network & Community Growth
• Circulating supply surpassed 800k thUSD.
• Over 10,000 wallets now hold Tharwa assets.
• 300,000 transactions processed on-chain since launch.
• Global community growth across 30 countries, with sustained engagement through Ascension (Season 2).
▪️ What’s Next
• Launch of
$wsthUSD, the yield-bearing wrapped stablecoin.
• Dual Vault Expansion with Sukuk Vaults entering certification and Global Market Vaults rolling out with exposure to bonds, commodities, and high-yield instruments.
• AI System Expansion as the Gold Agent evolves into Phase 2: Precious Metals Series, adding industrial demand analysis, supply-chain intelligence, and sector-correlation tracking.
• OTC Marketplace Launch for direct swaps between
$thUSD, vault tokens, and
$TRWA.
• TRWA Staking unlocking governance weight, fee share, and vault access.
• Institutional Vaults onboarding the first wave of allocators and DAOs.
• Comprehensive Security Audit post-Pendle adapter release.
• Faith-Aligned Lending Module introducing Murabaha and Ijarah-style borrowing to expand
$thUSD accessibility when minting caps are active.
Four months down, and the foundation of an infant protocol is solid.
We'll keep building.