Zand Bank and MANTRA Collaborate on RWA Tokenization in UAE

Strategic Partnership for RWA Tokenization

Zand Bank PJSC and MANTRA have joined forces to advance the tokenization of real-world assets (RWA) in the UAE. This strategic partnership aims to streamline the identification, listing, and distribution of RWAs, marking a significant step forward in digital finance.

Frameworks for Compliance and Adoption

The collaboration focuses on developing comprehensive frameworks that align with the Virtual Asset Regulatory Authority of Dubai (VARA). These frameworks are designed to ensure the tokenization process adheres to compliance standards, investor protection measures, and regulatory requirements. By establishing clear guidelines, Zand and MANTRA aim to build trust and confidence, encouraging widespread adoption of RWA tokenization across the region.

Pioneering Digital Finance in the Middle East

The partnership underscores both companies' leadership in digital finance within the Middle East. By integrating blockchain technology with traditional banking services, Zand and MANTRA seek to enhance the custody and exchange of RWAs. The goal is to set industry standards for tokenization, making it a staple in retail banking services.

Enhancing Client Experience and Security

Leveraging MANTRA's blockchain, Zand Bank aims to redefine transaction and ownership management. This collaboration promises greater control, enhanced security, and improved transparency for clients. By simplifying operations and reinforcing asset authenticity, the partnership intends to broaden market access and reinforce trust in digital financial services.