UAE - Om! Mantra Emerges As Top Crypto Gainer Surges 18.6% As Zand Bank Signs MOU For RWA Compliance | Benzinga
The MANTRA (CRYPTO: OM) token has experienced a significant surge in the last 24 hours, with its value rising to $1.07. This spike follows a recent development involving a partnership with a bank in the UAE.
What Happened: MANTRA surged by 18.58% following a recent agreement between Zand Bank and MANTRA, signing a Memorandum of Understanding for real-world asset compliance in the UAE.
Under this MOU, MANTRA and Zand Bank are set to collaborate closely to establish clear frameworks for RWA tokenization, ensuring compliance with the Virtual Asset Regulatory Authority of Dubai. This strategic move aims to facilitate seamless tokenization of real-world assets within the UAE, enhancing the efficiency and transparency of asset management processes.
Speaking about this collaboration, Michael Chan, CEO of Zand, emphasized the significance of this step in advancing blockchain technology and fostering financial inclusivity.
He stated, “This collaboration represents a step forward in our journey to amalgamate blockchain technology with our robust financial offerings to give our clients greater control ...