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🔥 #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.
📝 Read more: https://t.co/t9ntJgNi1l
𝑀𝐴𝑁𝑇𝑅𝐴 - 𝐹𝑟𝑜𝑚 𝐼𝑛𝑠𝑡𝑖𝑡𝑢𝑡𝑖𝑜𝑛𝑠 𝑡𝑜 𝐼𝑛𝑑𝑖𝑣𝑖𝑑𝑢𝑎𝑙𝑠: 𝐵𝑟𝑖𝑛𝑔𝑖𝑛𝑔 𝐹𝑖𝑛𝑎𝑛𝑐𝑒 𝑂𝑛𝑐ℎ𝑎𝑖𝑛.
$OM #HomeForRWAs
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.
📝 Read more: https://t.co/t9ntJgNi1l
𝑀𝐴𝑁𝑇𝑅𝐴 - 𝐹𝑟𝑜𝑚 𝐼𝑛𝑠𝑡𝑖𝑡𝑢𝑡𝑖𝑜𝑛𝑠 𝑡𝑜 𝐼𝑛𝑑𝑖𝑣𝑖𝑑𝑢𝑎𝑙𝑠: 𝐵𝑟𝑖𝑛𝑔𝑖𝑛𝑔 𝐹𝑖𝑛𝑎𝑛𝑐𝑒 𝑂𝑛𝑐ℎ𝑎𝑖𝑛.
$OM #HomeForRWAs
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