MANTRA and Zand Accelerate Real Asset Tokenization in the UAE

Bittime - MANTRA, a Layer 1 blockchain platform, and Zand Bank PJSC are partnering to accelerate the tokenization of real-world assets in the UAE, including the identification, recording and distribution of RWAs, as well as the development of a clear regulatory framework.

MANTRA over Sand Bank Building a Clear Regulatory Framework

In accordance with the guidelines set by Dubai's Virtual Asset Regulatory Authority (VARA), the collaboration between the two organizations will also focus on creating a framework to facilitate RWA tokenization and distribution. This framework aims to provide appropriate guidance for RWA tokenization, ensuring the process complies with relevant regulations, investor protection and compliance standards. Thus, this partnership is expected to drive trust, confidence and widespread adoption of RWA tokenization across the UAE.

MANTRA Leading Digital Financial Innovation in the Middle East

John Patrick Mullin, CEO of MANTRA, stated:

“The agreement between Zand and MANTRA demonstrates the position of both companies at the forefront of digital finance in the Middle East. The vision behind this collaboration aims to make real-world asset storage and trading a permanent part of retail banking services in the region, as well as setting an industry standard for tokenization.”

Transaction Transformation and Asset Management in the Middle East

Michael Chan, CEO of Zand, stated:

“We are excited to leverage the MANTRA blockchain designed specifically for RWAs to redefine the way we transact and manage ownership and transparency. This collaboration is a step forward in our journey to combine blockchain technology with our robust financial offerings to provide our clients with greater control over their investments, enhanced security, and greater clarity in their transaction lifecycle. We aim to simplify operations, strengthen the trust and legitimacy of assets, and expand access to a wider market.”

Conclusion

This partnership marks a significant step in the adoption of blockchain technology for real-world assets in the UAE. By combining MANTRA's expertise in RWA blockchain and Zand Bank's experience in digital financial services, the collaboration is expected to open up new investment opportunities, increase transparency and drive innovation in the UAE's financial sector.

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