Mega Matrix Partners with Ihsan Dhahab to Develop an Islamic Precious Metals Real-World Asset Ecosystem

Rhea-AI Summary

Mega Matrix (NYSE:MPU) entered an MOU with Ihsan Dhahab on January 7, 2026 to collaborate on a Shariah‑compliant precious metals ecosystem in the Middle East. Planned initiatives include a precious metals special economic zone in Saudi Arabia/Qatar, a gold‑backed RWA token and stablecoin, a Shariah‑compliant precious metals exchange, and an Islamic digital bullion bank. MPU will provide stablecoin, Web3, capital‑markets and technology support; Ihsan Dhahab will lead regional operations, regulatory approvals and sector expertise.

Key Figures

Shelf registration size $2,000,000,000 Form F-3/A shelf filed Nov 25, 2025

Digital assets balance $6,852,274 Digital assets held as of Sep 30, 2025

Bitcoin holdings 12 BTC Part of digital asset treasury as of Sep 30, 2025

ENA token holdings 8,916,805 ENA DAT reserve as of Sep 30, 2025

USDe holdings 500,000 USDe Digital asset treasury as of Sep 30, 2025

Retained earnings impact $1,274,829 Cumulative-effect reduction from ASU 2023-08 adoption

Chairman share ownership 3,290,390 Class A (as-converted) Schedule 13D filed Nov 24, 2025

Chairman voting power 43.84% voting power Schedule 13D based on multi-class structure

Market Reality Check

$0.8600 Last Close

Volume Volume 83,705 is below the 20-day average of 160,208, indicating muted pre-news activity. low

Technical Price 0.9489 is trading below the 200-day MA at 1.42 and well under the 4.44 52-week high.

Peers on Argus 1 Up

MPU edged down 0.3% pre-announcement, while peers showed mixed moves: RDI up 6.8%, NIPG up 3.88%, CPOP up 3.17%, and LVO down 3.82%. This pattern points to stock-specific drivers rather than a coordinated sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Oct 09	Crypto strategy update	Positive	-0.9%	Outlined DAT strategy and positioning via TOKEN2049 keynote presentation.
Oct 01	DAT diversification	Positive	+5.8%	Announced shift to diversified basket of stablecoins and governance tokens.
Sep 19	Token accumulation	Positive	-9.4%	Disclosed $6M ENA token purchases reinforcing stablecoin governance strategy.
Sep 12	Shelf & DAT focus	Positive	-5.4%	$2B universal shelf tied to ENA-focused digital asset treasury strategy.
Sep 12	First ENA purchase	Positive	-5.4%	Announced initial $3M ENA acquisition to launch governance token reserve.

Pattern Detected

Recent strategic DAT and crypto-related announcements were generally positive in tone but often saw negative next-day price reactions, suggesting a tendency for the stock to sell off or fade on such news.

Recent Company History

Over the last few months, MPU focused on its digital asset treasury (DAT) strategy, including initial and follow-on ENA token purchases, a large $2 billion shelf registration, and a diversification into a basket of stablecoins and governance tokens. These moves aimed to position MPU around stablecoin governance assets while keeping FlexTV as an operating business. The new Islamic RWA partnership extends this DAT-oriented narrative into precious metals and Shariah-compliant structures.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-11-25

$2,000,000,000 registered capacity

An active Form F-3/A shelf filed on 2025-11-25 allows MPU to offer up to $2,000,000,000 in various securities over time, creating significant capacity for future equity or debt issuances via prospectus supplements as projects like the Islamic RWA ecosystem progress.

Market Pulse Summary

This announcement extends MPU’s digital asset treasury (DAT) strategy into an Islamic, precious-metals-backed RWA ecosystem, leveraging its stablecoin and Web3 experience while relying on Ihsan Dhahab’s regional and Shariah finance expertise. Investors may track how this collaboration progresses from MOU to concrete projects, how it complements existing FlexTV operations, and how MPU uses its F-3/A shelf capacity to fund development without unduly impacting existing shareholders.

Key Terms

stablecoin financial

"a Shariah‑compliant RWA gold‑backed token and stablecoin, a Shariah‑compliant..."

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

real-world asset (RWA) financial

"design, structure, develop, and launch a leading Shariah-compliant, Real-World Asset (RWA) gold-backed..."

A real-world asset (RWA) is a tangible item or property with physical presence, such as real estate, equipment, or commodities, that has value and can be used, sold, or leased. For investors, RWAs provide diversification beyond digital assets, offering a way to hold investments backed by physical resources that can generate income or appreciate over time. This makes them an important option for balancing risk and securing long-term wealth.

digital exchange technical

"establish and operate a leading Shariah-compliant digital exchange for the trading of precious metals..."

A digital exchange is an online marketplace where buyers and sellers trade financial assets—such as stocks, bonds, derivatives, or cryptocurrencies—using electronic systems instead of a physical trading floor. It matters to investors because it determines how quickly and cheaply orders are filled, how transparent prices are, and how securely trades settle; think of it as a high-speed, automated auction house whose rules and technology shape liquidity, costs, and trust.

digital bullion bank financial

"create a leading Islamic digital bullion bank, providing Shariah-compliant financing, vaulting..."

A digital bullion bank is a firm that issues, stores and trades digital records backed by physical precious metals, like gold or silver, combining custody services with trading and payment functions. Think of it as a safe-deposit box and brokerage rolled into one for digital metal ownership; it matters to investors because it offers easier access, faster trading and potential cost savings, while introducing custody, counterparty and regulatory risks to consider.

fintech technical

"develop other innovative fintech projects that align with the strategic objectives..."

FinTech, short for financial technology, refers to new tools and software that make managing money easier and more convenient, like mobile payment apps or online banking. It matters because it helps people and businesses access financial services faster, often at lower costs, changing how we handle money in everyday life.

Web3 technical

"MPU will draw on its technical experience in stablecoins and Web3 to provide advisory support..."

An approach to the internet that uses decentralized technologies (like blockchains and smart contracts) to give users control over data, identity and digital assets instead of relying on a single company. For investors it matters because it enables new business models—token-based ownership, marketplaces and governance structures—but also brings higher volatility, novel revenue streams and regulatory uncertainty, so investment outcomes can be very different from traditional tech.

digital asset treasury ("DAT") strategy financial

"executing its strategic digital asset treasury ("DAT") strategy by looking to diversifying..."

A digital asset treasury ("DAT") strategy is a company plan to hold and manage cryptocurrencies and other blockchain-based tokens as part of its cash and reserves. It matters to investors because these holdings can boost returns or act as a hedge, but they also add volatility, regulatory uncertainty, and liquidity risk—think of it like keeping part of a firm’s savings in a high-risk, high-reward foreign currency or commodity instead of only in a bank account. Investors watch such a strategy for its potential impact on earnings, cash flow stability, and balance-sheet risk.

AI-generated analysis. Not financial advice.

SINGAPORE, Jan. 8, 2026 /PRNewswire/ -- Mega Matrix Inc. (NYSE American: MPU) (the "Company") today announced that on January 7, 2026 it entered into a memorandum of understanding ("MOU") with Ihsan Dhahab Sdn Bhd ("Ihsan Dhahab") to finance and operate a comprehensive precious metals special economic zone in Saudi Arabia, a Shariah‑compliant RWA gold‑backed token and stablecoin, a Shariah‑compliant RWA precious metals and bullion exchange, an Islamic digital gold bank, and other associated innovative fintech projects.

Under the MOU, the parties agreed to collaborate on a range of projects, including:

• To develop an integrated precious metals special economic zone located in the Middle East, primarily in Saudi Arabia, Qatar or other locations, dedicated to the entire precious metals value chain, including refining, storage, trading, and manufacturing;
• To design, structure, develop, and launch a leading Shariah-compliant, Real-World Asset (RWA) gold-backed token and stablecoin;
• To establish and operate a leading Shariah-compliant digital exchange for the trading of precious metals, bullion, and other RWA-based financial instruments;
• To create a leading Islamic digital bullion bank, providing Shariah-compliant financing, vaulting, logistics, and other banking services for the precious metals ecosystem; and
• To collaboratively identify, assess, and develop other innovative fintech projects that align with the strategic objectives of the parties.

As part of the collaboration, MPU will draw on its technical experience in stablecoins and Web3 to provide advisory support for capital raising and financing, including equity investments, debt arrangements and other compliant financial instruments. MPU will also provide expertise in corporate structuring, financial modelling, capital markets strategy and international governance standards, and will contribute its technology, intellectual property and global blockchain and digital asset network to support project implementation and scalable development.

Ihsan Dhahab will act as the founders Group and promoter, leveraging their local presence and market knowledge in Saudi Arabia, Qatar and the wider region to provide strategic direction, sector expertise in Islamic finance and precious metals markets, and to lead regulatory approvals, licensing and day-to-day operations following project commencement.

Yucheng Hu, CEO of MPU, commented, "Partnering with Ihsan Dhahab that has deep local experience and resources in the Middle East to develop the precious metals RWA sector represents a measured extension of MPU's stablecoin and its governance token DAT strategy. MPU is contributing to the development of global digital financial infrastructure while broadening its activities within the stablecoin and Web3 landscape."

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU), a holding company headquartered in Singapore is executing its strategic digital asset treasury ("DAT") strategy by looking to diversifying its basket of leading stablecoins and their governance tokens, and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. For more information, please contact info@megamatrix.io or visit http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are the: ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to purchase stablecoin governance tokens, Bitcoin or Ethereum at the price that we want; ability to reinitiate the ETH staking business, ability to implement the strategic expansion into the stablecoin sector, ability to implement the new business strategy with a focus on stablecoin governance token and ability to create value; the regulatory volatility on stablecoins and governance tokens; ability to obtain additional financing in the future to fund capital expenditures and our digital asset treasury ("DAT") reserve strategy and ability to create value; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 20-F, filed with the SEC on March 28, 2025, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the inherent risks with investing in digital assets such as stablecoins, governance tokens, Bitcoin and/or Ethereum,  Digital asset's volatility; and risk of implementing a new DAT strategy focusing on digital assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

X (f/k/a Twitter):	twitter.com/MegaMatrixMPU
Facebook:	facebook.com/megamatrixmpu
LinkedIn:	linkedin.com/company/megamatrixmpu

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

For inquiries, please contact:  Info@megamatrix.io  

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SOURCE Mega Matrix Inc.

FAQ

What did Mega Matrix (MPU) announce on January 7, 2026 regarding a Middle East project?

MPU signed an MOU with Ihsan Dhahab to develop a Shariah‑compliant precious metals ecosystem including a special economic zone, RWA gold token and stablecoin, exchange, and digital bullion bank.

Will the MPU‑Ihsan Dhahab agreement create a Shariah‑compliant gold‑backed stablecoin?

Yes; the MOU outlines joint design and launch of a Shariah‑compliant RWA gold‑backed token and stablecoin.

What role will Mega Matrix (MPU) play in the Ihsan Dhahab partnership?

MPU will provide advisory support on stablecoins and Web3, capital raising, corporate structuring, financial modelling, and contribute technology and IP.

What role will Ihsan Dhahab play in the MPU partnership and where will projects be located?

Ihsan Dhahab will act as founder/promoter, lead regional operations and regulatory approvals, with projects planned primarily in Saudi Arabia, Qatar or other Middle East locations.

Is the MPU and Ihsan Dhahab collaboration a binding transaction with guaranteed financing?

No; the announcement describes a memorandum of understanding (MOU) to collaborate on project design and development, not a finalized binding transaction.

How might the MPU‑Ihsan Dhahab MOU affect MPU shareholders in the near term?

The MOU signals strategic expansion into Shariah‑compliant RWA and Web3 activities but contains no financial terms or guaranteed revenue impacts at this stage.