Tezos Gulf received a Sharia Certificate from Shariyah Review Bureau (SRB). Tezos’ platform is backed by a global community of validators, researchers, and builders and is considered one of the first pure proof-of-stake blockchains. The Tezos blockchain has been utilised by numerous issuers of digital securities but mostly on the conventional side of the financial market. Tezos Gulf is a subsidiary of the Swiss-based Tezos Foundation. It was established to foster ecosystem development in the GCC region for the Tezos network, an open-source public blockchain for assets and applications.