Kazan, Tatarstan :Trade57 (T57), the pioneering fintech-powered global food-trade & food security platform, today announced a strategic Memorandum of Understanding signed with the Government of the Chechen Republic at the Kazan Forum. The agreement marks a major step in deploying Trade57’s AI/ML and blockchain-enabled ecosystem to strengthen Halal agribusiness, drive inclusive economic growth, advance institutional capacity building, and strengthen food security in Chechnya.
Strategic Partnership with the Chechen Republic
In the presence of Mr. Sultan Tagayev, Deputy Chairman and Minister of Finance of the Chechen Republic, Trade57 and AlMukarramah Investments LLC formalized a ten-year, non-binding MoU to:
Deploy and Localize Trade57 across Chechen agricultural producers, enterprises, and SMEs, enabling digital trade facilitation, smart-contract execution, escrow-based transactions, and secure, verified buyer-seller interactions.
Mobilize Investment and Infrastructure, partnering with local stakeholders to develop Halal food production, logistics, and processing hubs.
Build Local Capacity, delivering training programs, certification support, and platform onboarding for producers and government teams.
Establish a Halal Innovation & Trade Lab, fostering research, sustainability, and digitization in Chechen agribusiness.
Launch the Chechen Halal Cluster 2040, strengthening certification, traceability, cross- border readiness, and attracting foreign direct investment and international buyers.
“This MoU with the Chechen Government cements Trade57’s role as both a technology partner and economic catalyst,” said Mr. Afzal Hussain, Founder & Chairman of Trade57. “By combining Chechnya’s rich agricultural heritage with our digital trade infrastructure, we will create a transparent, ethical, and scalable Halal ecosystem—one that empowers local producers and connects them seamlessly to markets across MENA, Central Asia, and beyond.”
