If you are $OM Holder:
🔥 Zand Bank and MANTRA Sign MOU for RWA Compliance in the UAE
✅ MANTRA and Zand will focus on defining clear frameworks for RWA tokenization, in compliance with the Virtual Asset Regulatory Authority of Dubai (VARA). This move will ensure seamless tokenization of real world assets within the UAE.
The MOU will ensure strict compliance with relevant standards, investor protection measures, and regulatory requirements. In doing so, we aim to remove hurdles and foster trust, confidence, and widespread adoption of RWAs across the region.
Michael Chan, CEO of Zand, disclosed, "This collaboration represents a step forward in our journey to amalgamate blockchain technology with our robust financial offerings to give our clients greater control over their investments, enhanced security, and more clarity into the lifecycle of their transactions. We aim to simplify operations, reinforce trust and authenticity in the assets' legality, and broaden access to the wider market."
👏 Licensed by the Central Bank of the UAE, Zand Bank offers ease, safety, and transparency to retail and corporate clients in the digital banking sector. As the UAE's first licensed digital bank, Zand brings a wealth of experience in financial services and a passion for continuous innovation.
