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Zand Bank PJSC, a digital bank licensed by the Central Bank of the United Arab Emirates (UAE), has signed a Memorandum of Understanding (MOU) with MANTRA, a blockchain platform focused on real-world asset s (RWAs), as per the latest info shared with Finbold on June 5.  The partnership aims to streamline the process of asset tokenization , encompassing identification, listing, and distribution of RWAs. As MANTRA CEO John Patrick Mullin has said, the agreement is a testament to both sides’ dedication to the Middle Eastern market: Picks for you Bitcoin trader marks ideal and highest risk entry points to BTC right now 5 mins ago SHIB trader who made $120M just bought $18M Shiba Inu 6 mins ago ...

The number of Binance users has exceeded 170 million, the head of the exchange said. The head of the Binance cryptocurrency exchange, Richard Teng, said the number of platform users worldwide has exceeded 170 million. Taking to X, he made the announcement. GM – we have crossed 170m global users . Thanks for your support . Keep building #Binance pic.twitter.com/zahRq57PJo — Richard Teng (@_RichardTeng) December 27, 2023 In the post, Teng did not indicate any country specific data. In early August, the founder and former CEO of Binance, Changpeng Zhao, noted that the number of registered users of the world ’s largest crypto exchange reached 150 million. The number of users on the largest American crypto exchange, Coinbase, currently stands at approximately 98 million. This week at #Binance (so far): – Binance Japan officially launched – Binance secured an Operational MVP License in Dubai (first exchange in the world to do so) – 2x new Binan...

The tokenization of real-world assets is going to be a dominant theme for the rest of this decade, but there are still some pain points left to resolve. “We’re so early” is one of the crypto sector’s best-known sayings, and when it comes to tokenizing real-world assets, it’s completely true. Bullish estimates from Boston Consulting Group predicted last year that the crypto sector could be a $16.1-trillion market by the end of the decade — a truly staggering figure. Analysts imagined a world where illiquid assets such as real estate, physical art and even exotic beverages were tokenized — opening up the door to fractional ownership. This could be a game changer, especially considering these are asset classes that have traditionally been inaccessible to broader audiences. The tokenization of global illiquid assets could potentially become a $16 trillion industry by 2030. This is Real World Asset (RWA) tokenization. And this will be the defining factor for the mass adoption of crypto. H...