Zand Bank PJSC, the digital bank licensed by the Central Bank of the UAE, and MANTRA, an RWA-focused Layer 1 blockchain, have signed a Memorandum of Understanding (MOU) to streamline the process of real-world asset tokenization, including the identification, listing and distribution of RWAs.
The collaboration between these two entities will also focus on developing frameworks to support tokenization and distribution of RWA, in compliance with the Virtual Asset Regulatory Authority of Dubai (VARA). The frameworks aim to provide clear guidelines for the tokenization of RWAs, ensuring the process adheres to relevant compliance standards, investor protection measures, and regulatory requirements. In doing so, the collaboration seeks to foster trust, confidence, and widespread adoption of RWA tokenization across the UAE.
Digital is our DNA. Zand aims to revolutionize the finance world with innovation, AI, Blockchain technology and Client-centric solutions that bridge TradFi and DeFi, empowering our UAE and global Corporate, Institution and Wealth clients to thrive in the evolving digital economy. For more information, visit www.zand.ae
For media queries:
Mays Talib
Head of Marketing
mays.t@zand.ae
About MANTRA
MANTRA is a security-first RWA Layer 1 Blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
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ContactMarketing LeadChristoph Lidmanpress@mantrachain.io
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
