đ„ #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.
â 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.
đ 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.
29% Of Total OM Circulation Staked On MANTRA, Data Reveals
According to Odaily, recent data disclosed by MANTRA on platform X indicates that approximately 237 million OM have been staked on MANTRA. This figure represents 29% of the total circulating supply.
The staking of OM on MANTRA is a significant development, demonstrating the trust and confidence users have in the platform. The data provides a clear indication of the platform's popularity and the extent of its usage.
However, it's important to note that while this figure is significant, it also means that a large portion of OM is still in circulation and not staked on the platform. This could potentially indicate room for further growth and expansion of the platform's user base.
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