Zand Bank and MANTRA, a blockchain platform focused on real-world assets (RWA), recently inked a memorandum of understanding (MOU) to simplify the process of tokenising real-world assets.

The collaboration aims to streamline the identification, listing and distribution of tokenised RWAs. The digital bank and MANTRA will also work together to develop frameworks for RWA tokenisation that comply with regulations set by the Dubai Virtual Asset Regulatory Authority (VARA).