UAE's Zand Bank and MANTRA Sign Memorandum of Understanding to Support RWA Tokenization

On June 5th, Zand Bank, a digital bank authorized by the Central Bank of the United Arab Emirates, announced the signing of a Memorandum of Understanding (MOU) with Layer1 Blockchain MANTRA, which specializes in RWA. The collaboration between the two entities will focus on developing a framework to support the tokenization and distribution of RWA, and will comply with the regulations of the Dubai Virtual Assets Regulatory Authority (VARA).