Zand Bank PJSC and MANTRA have signed an MOU to simplify the tokenization process for real-world assets.

The collaboration ensures compliance with Dubai VARA regulations to protect investors and maintain regulatory standards.

The partnership focuses on streamlining the identification, listing, and distribution of tokenized real-world assets (RWAs).

MANTRA has secured $11 million in funding to support these tokenization efforts.

MANTRA's CEO describes the partnership as groundbreaking for digital finance in the Middle East.

Zand's CEO highlights the integration of blockchain technology to enhance transparency and client control over investments.

The collaboration aims to establish industry standards for RWA tokenization in the UAE, fostering trust and widespread adoption.