Wakka Wakka Nation Partners with Sovereign Wallet for Digital Financial Sovereignty
February 2025 — The Wakka Wakka Nation, a sovereign Indigenous nation in Australia, has signed a Memorandum of Understanding (MoU) with Sovereign Wallet Co., Ltd. to implement the MetaMUI Digital National Identity and Digital National Currency System. This initiative focuses on guaranteeing the constitutional right to a monetary system free from inflation and with preserved value. It also emphasizes ensuring that Wakka Wakka Bungoo is backed by tangible assets such as gold and silver.
With this agreement, Wakka Wakka becomes the third Indigenous nation to embrace MetaMUI’s blockchain-powered financial sovereignty model, following the successful adoption by the Yidindji Nation in 2022 and the upcoming implementation in the Birri Gubba Nation. Discussions are actively progressing with multiple Indigenous nations to expand this self-sovereign digital economic model, reinforcing a growing Indigenous financial network across Australia.
The Wakka Wakka Nation’s adoption of the MetaMUI Digital National Identity and Digital National Currency System will establish a self-governed digital identity framework for its citizens, businesses, and organizations. This system ensures privacy, security, and financial autonomy, reinforcing the nation’s control over its economic future. Alongside this, the Wakka Wakka Digital National Currency will support Indigenous trade, minimize dependence on external financial intermediaries, and maintain financial operations even during emergencies and natural disasters.
Building on the success of the Sovereign Yidindji Dollar, launched through MetaMUI’s Digital National Currency Cloud Service in 2022, the Wakka Wakka Nation joins Yidindji and Birri Gubba in co-developing the Allodial Unity Digital Dollar (AUDD) — a multi-sovereign digital currency initiative that enables seamless cross-border Indigenous trade. Unlike centralized monetary unions, the AUDD framework allows each participating nation to retain its own sovereign currency while benefiting from a unified digital economic ecosystem.
Iirragala Radjah Radjah, Minister of Law for Wakka Wakka Nation, highlighted the significance of this initiative:
“For generations, we have fought to maintain our sovereignty — our right to govern ourselves, protect our lands, and make our own decisions. This partnership is more than technology; it is about reclaiming what has always been ours. With this new digital financial system, we ensure that our people have the tools to thrive in the modern world while remaining rooted in our traditions.”
Phantom Seokgu Yun, CEO of Sovereign Wallet Co., Ltd., shared his excitement for this expanding movement:
“We are honored to collaborate with the Wakka Wakka Nation in this initiative, ensuring that Indigenous nations lead the way in establishing a monetary system where currency value is preserved, allowing them to have a financial system that guarantees individual wealth and independence.”
The Wakka Wakka Digital National Identity and Currency System is set to launch in the first half of 2025, marking a major milestone in Indigenous financial sovereignty. This initiative represents a significant step towards a global Indigenous financial network — one where sovereignty is not just recognized but actively lived, strengthened, and protected.
About Sovereign Wallet Co., Ltd.
Sovereign Wallet is committed to delivering financial sovereignty to millions through its identity-based blockchain technology. The company’s flagship product, MetaMUI, revolutionizes digital identity and currency by promoting self-sovereign finance and building sustainable, inclusive economic models. MetaMUI’s hybrid blockchain structure uniquely suits digital national currency, digital stock exchanges, and cross-border payments, reinforcing Sovereign Wallet’s vision of a decentralized, sovereign, and self-sustaining global economy.
About Wakka Wakka Nation
The Wakka Wakka Nation is a sovereign Indigenous nation in Australia, committed to self-determination and economic independence. After a 25-year legal battle, the Federal Court recognized their native title claims in southern Queensland in 2022, marking a historic victory. As Queensland’s third-largest Aboriginal group, Wakka Wakka upholds their constitutional rights to self-governance, private ownership, and fair trade. Their vision
prioritizes financial sovereignty and a self-sustaining economy, ensuring long-term prosperity. Queensland’s largest Aboriginal community is Yarrabah, home to the Gunggandji and Yidinji peoples.
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