Bank

Patrick

Medium

MANTRA

Dubai, UAE, June 5th, 2024, Chainwire 
Zand Bank PJSC, the digital bank licensed by the Central Bank of the UAE, and MANTRA, an RWA-focused Layer 1 blockchain, have signed a Memorandum of Understanding (MOU) to streamline the process of real-world asset tokenization, including the identification, listing and distribution of RWAs.
The collaboration between these two entities will also focus on developing frameworks to support tokenization and distribution of RWA, in compliance with the Virtual Asset Regulatory Authority of Dubai (VARA). The frameworks aim to provide clear guidelines for the tokenization of RWAs, ensuring the process adheres to relevant compliance standards, investor protection measures, and regulatory requirements. In doing so, the collaboration seeks to foster trust, confidence, and widespread adoption of RWA tokenization across the UAE.
<blockquote>
 “The agreement between Zand and MANTRA is a testament to both companies' position at the vanguard of digital finance in the Middle East. The vision behind the collaboration aims to catapult both the custody and exchange of real world assets as a permanent fixture in the suite of retail banking services in the region, as well as to establish industry standards for tokenization,” stated John Patrick Mullin, CEO of MANTRA.
</blockquote>
<blockquote>
 "We are excited to leverage MANTRA's blockchain, which is purpose-built for RWA to redefine the way we transact and manage ownership as well as transparency. 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." said Michael Chan, CEO of Zand.&nbsp;
</blockquote>
About Zand Bank:
Digital is our DNA. Zand aims to revolutionize the finance world with innovation, AI, Blockchain technology and Client-centric solutions that bridge TradFi and DeFi, empowering our UAE and global Corporate, Institution and Wealth clients to thrive in the evolving digital economy. For more information, visit <a href="http://www.zand.ae" rel="noopener noreferrer nofollow" target="_blank">www.zand.ae</a>&nbsp;
For media queries:
Mays Talib
Head of Marketing
mays.t@zand.ae
About MANTRA
<a href="https://www.mantrachain.io" rel="noopener noreferrer nofollow" target="_blank">MANTRA</a> is a security-first RWA Layer 1 Blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
<a href="https://www.mantrachain.io" rel="noopener noreferrer nofollow" target="_blank">Website</a> | <a href="https://twitter.com/MANTRA_Chain" rel="noopener noreferrer nofollow" target="_blank">X</a> | <a href="https://www.linkedin.com/company/mantrachain/" rel="noopener noreferrer nofollow" target="_blank">LinkedIn </a>| <a href="https://t.me/MANTRA_Chain/" rel="noopener noreferrer nofollow" target="_blank">Telegram </a>| <a href="https://mantrachain.medium.com/" rel="noopener noreferrer nofollow" target="_blank">Medium </a>| <a href="https://www.instagram.com/mantra_chain/" rel="noopener noreferrer nofollow" target="_blank">Instagram</a>
 
<h5>Contact</h5>Marketing Lead Christoph Lidman press@mantrachain.io 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Zand Bank and MANTRA Sign Landmark MOU (5 Jun)

Chainwire

Other articles published on Jun 5, 2024

Bitcoin Above $71k, As BTC ETFs Record $887M Inflows, The Highest Since March

Top 5 Best Cryptos to Add to Your Investment Portfolio

5 Meme Coins To Buy If You Want to Turn $10 into $100 This Week

Binance To List 50 New Crypto Trading Pairs for Spot Copy Trading

BlockDAG’s Groundbreaking Keynote Launch: $41.6M Raised, Overshadowing Stacks TVL & Bullish Proje...

Super Trump Price Prediction: STRUMP Plunges 9% As This New AI Meme Coin ICO Charges Towards $5 M...

Join our free newsletter for daily crypto updates!