CEO of UAE ADI Foundation talks about AEDC stablecoin

CEO of UAE ADI Foundation talks about AEDC stablecoin

In a recent interview with Abu Dhabi based ADI Foundation, CEO Guillaume de La Tour told Tahawultech about the new AED backed stablecoin, AEDC, that the foundation is working on for ADQ, sovereign wealth fund in Abu Dhabi and FAB Bank (First Abu Dhabi Bank).

The trio intend to launch a UAE Central Bank regulated AED stablecoin that will be used for making payments not only in the UAE but also internationally. Moreover the stablecoin will also be used for Machine to machine payments in the IoT domain and AI one.

According to La Tour, the AEDC stablecoin will transform UAE’s digital economy by offering fast inclusive and compliant financial services. He notes that, “It is built on a modular EVM blockchain, AEDC ensures scalability, security, and decentralization while embedding KYC/AML and FATF-compliant features to ensure privacy and regulatory compliance.”

For La Tour, AEDC is combining DeFi with traditional finance and aligns with both Abu Dhabi’s Economic Vision 2030 and ADGM’s robust regulatory framework, cementing the UAE’s role as a global fintech leader.

He explained that this is preparing the UAE for a tokenized future by digitizing the AED dirham and ensuring it is compatible with currencies like the USD, Euro and Yuan for seamless global interoperability.

In ten years, all assets, stocks, and bank accounts will be tokenized

According to La Tour in the next 10 years all assets, whether they are stocks, bank accounts, or currencies, will be tokenized to enable a 24/7 financial system. This is driven by the need for efficiency and global connectivity.

He states, “Nations are expected to increasingly tokenize their currencies to maintain sovereignty, while ensuring interoperability with blockchain-based digital financial systems. The stablecoin positions the UAE at the forefront of this transformation, leveraging its blockchain’s compliance and scalability.”

With strategic partnerships across 20+ countries, reaching nearly 500 million people, ADI Foundation bridges Web2 and Web3, integrating traditional banking with blockchain to create a compliant, inclusive ecosystem that supports economic diversification and innovation. 

The ADI Foundation is working to drive global financial inclusion by deploying a blockchain with locally validated compliance at Layer 3, tailored to each region’s regulations.  

Partnering with cutting-edge providers, La Tour notes that the ADI Foundation ensures localized infrastructure and AI integration on the blockchain, empowering communities with secure, scalable solutions.  

 He adds, “Unlike traditional blockchain solutions, ADI’s modular EVM-based platform integrates a dedicated Layer 3 compliance sublayer, ensuring adherence to local and international regulations, including KYC/AML and FATF standards. Real-time monitoring and decentralized identity (W3C-compliant) further enhance security, mitigating risks like cybercrime and fraud. This robust, transparent framework reassures stakeholders by aligning cutting-edge technology with regulatory rigor, making the stablecoin a trusted tool for seamless, scalable financial operations.” 

He gives the example of their collaboration with East Africa’s M-PESA enables 70 million users to convert mobile money into a stablecoin backed by an African currency, facilitating secure, low-cost cross-border transfers and real-time currency conversion.  

Similarly, ADI Foundation’s work with UK-based Esyasoft, revolutionizes the carbon credit market by leveraging blockchain for transparent, efficient trading to support sustainability goals, with 57 trillion transactions aimed at reducing the carbon footprint of 2 billion people.  

Upcoming stablecoin challenges

 La Tour sees three main challenges to stablecoins when it comes to regulations. The first is navigating complex regulatory landscapes because of the diversity and evolving regulatory policies across jurisdictions.
 

He states, “Governments often grapple with balancing innovation against risks, like money laundering, tax evasion, and financial instability, leading to fragmented or restrictive regulations.  For instance, ensuring compliance with varying KYC/AML requirements globally, while maintaining blockchain’s decentralized ethos, is a technical and diplomatic hurdle. ADI Foundation addresses this by integrating a Layer 3 compliance sublayer into its modular EVM blockchain, enabling localized regulatory alignment without compromising scalability or security. 
The second challenge is ensuring interoperability and technological disparities which includes interoperability between stablecoins and existing financial systems.  

However, he addresses this issue stating that ADI Foundation is tackling this by designing native support for cross chain compatibility.

He explains, “For example, our collaboration with regional tech firms ensures blockchain nodes and AI-driven services operate efficiently even in low-resource environments, fostering inclusivity and operational reliability.”

The final challenge is building public and institutional confidence because of the skepticism around digital currencies. He notes that governments and investors may hesitate to adopt stablecoins, fearing economic disruptions or technical vulnerabilities.  

ADI Foundation counters this by anchoring the Dirham-backed stablecoin to the stable UAE Dirham and implementing robust cybersecurity measures, such as real-time transaction monitoring and W3C-compliant decentralized identity.  

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Qatar Investment Authority lost $250 million in bankrupt Builder ai

Qatar Investment Authority lost $250 million in bankrupt Builder ai

Qatar Investment Authority is one of the investors in Builder.ai, the British no-code AI startup to lose millions in investment, $250 million to be exact. Builder.ai filed for bankruptcy after Viola Credit seized $37 million from the company’s accounts leaving $5 million in restricted funds.

Founded in 2016, Builder.ai positioned itself as a revolutionary tool for businesses to build custom apps using AI with minimal coding. It raised over $450 million in total funding, attracting marquee investors like Microsoft, the World Bank’s IFC, Jeffrey Katzenberg’s WndrCo, Lakestar, and SoftBank’s DeepCore incubator, Bloomberg reports. In May 2023, Microsoft made an equity investment and announced plans to integrate Builder.ai’s platform with its own Azure and AI services. Also the lead investor at the time was Qatar Investment Authority. It lead the the series D funding round of $450 million.

At the time the company noted, that the latest round of capital will fuel the company’s continued industry leadership and innovation pipeline allowing further investments in talent, partnerships, and technology; with a bigger focus on using human conversation as the primary user interface for allowing people to build software. The Series D round included participation from additional existing and new investors including Iconiq Capital, Jungle Ventures & Insight Partners

Two years later, Builder.ai will now begin bankruptcy filings in each of its operational jurisdictions, including the U.K., U.S., UAE, Singapore, and India.

Less than two months ago, Builder.ai confirmed it had revised down key sales figures and appointed auditors to examine financials from the past two years. Former employees raised concerns that sales performance had been inflated in previous investor briefings. According to Bloomberg, these allegations triggered a domino effect of investor caution, internal restructuring, and eventual loss of confidence.

Builder.ai, faked business with the Indian social-media startup VerSe Innovation for years to falsely inflate its sales, according to documents reviewed by Bloomberg and people with direct knowledge of the practice. The two companies routinely billed one another for roughly the same amounts between 2021 and 2024, documents reviewed by Bloomberg show, as part of an alleged practice known as “round-tripping” that the people said Builder.ai used to inflate revenue figures it presented to investors. In many cases, products and services weren’t actually provided to either company for these payments, said the people, who asked not to be identified discussing confidential information.

Linas Beliunus, Director of Revenue at Zero Hash, in a LinkedIn post noted, ” It turns out the company had no AI, and instead was just a group of Indian developers pretending to write code as AI. Founder & CEO Sachin Dev Duggal has also reported fake revenue to investors. Somehow, the company was able to keep this scam going for 8 years.”

Web3 game, MetaSpace secures license in RAK Digital Assets Oasis

Web3 game, MetaSpace secures license in RAK Digital Assets Oasis

MetaSpace, an immersive Web3 Play-to-Earn (P2E) game built on Polygon Blockchain, has secured a business license from RAK Digital Assets Oasis (RAK DAO) as a Gaming Studio and Metaverse Service Provider.

As per the press release, the achievement marks a significant milestone in the project’s journey and underscores its dedication to creating a secure, compliant, and globally scalable gaming ecosystem.

MetaSpace offers a dynamic, open-world gaming experience driven by a decentralized, token-based economy. Players can earn, trade, and own in-game assets, including customizable avatars, rare digital collectibles, and NFTs that enhance gameplay and progression. The game blends action, strategy, and exploration to create a deeply engaging universe, empowering players to compete, collaborate, and craft their own unique experiences.

At the heart of the platform is its decentralized NFT marketplace, where players can freely buy, sell, and trade digital assets. Whether flipping NFTs for profit or staking them for high-yield returns, users actively contribute to the in-game economy. The game’s Play-to-Earn model transforms time spent in the game into real rewards, allowing players to shape and benefit from the game’s evolving economy, turning participation into tangible value.

“Securing the RAK DAO license is a key milestone for MetaSpace,” said Mo Akram, the founder. “It gives us the confidence and framework to grow responsibly and scale our P2E ecosystem across borders.”

Egyptian Founder of stablecoin banking startup, Limited raises $7 million as it sets to expand in MENA

Egyptian Founder of stablecoin banking startup, Limited raises $7 million as it sets to expand in MENA

Egyptian Founder, Hussein Ahmed has raised $7 million in a seed funding round, for his U.S. based fintech startup Limited to expand in areas such as the Middle East. Limited offers stablecoin-based global banking services with self-custody,

The round was led by North Island Ventures, with additional participation from existing backers Third Prime and Arche Capital, as well as new investors Collab+Currency and SevenX Ventures.

This brings the company’s total funding to US$10 million since its founding in 2024.

Founded by Hussein Ahmed, an Egyptian entrepreneur, Limited has developed a banking and payments platform that integrates the security of self-custody stablecoins with the functionality of traditional banking services. Available on iOS, Android, and web, the platform is accessible in 176 countries and enables users, both individuals and businesses, to access global payment systems while retaining full control of their funds via self-custody wallets.

The platform also includes tiered Visa and Mastercard offerings and cross-border payment tools that support over 300 local payment methods in more than 80 currencies.

“With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we’ve created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use,” said Ahmed.

“This funding will accelerate our growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East, where demand for borderless financial services is strongest.”

The company aims to meet the growing demand for more secure, globally accessible financial tools, especially in emerging markets where traditional banking services may fall short. It currently utilizes Circle’s USDC stablecoin and EURC stablecoin.

Travis Scher, Co-Founder and Managing Partner at North Island Ventures, highlighted the potential of Limited’s approach: “We’ve long believed that stablecoins represent one of the most compelling use cases for blockchain technology—providing access to stable currencies and efficient payment rails globally. Limited has built an elegant solution that makes stablecoins practical and accessible for everyday banking and commerce, not just trading. By solving the critical challenge of balancing security with usability, they’ve created a truly differentiated product.”

Circle goes IPO in USA

The announcement comes on the back drop of Circle’s listing on the New York Stock exchange where its shares soared 168% after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering. “To realize our vision, we needed to forge relationships with governments, we needed to work with policymakers … because if you want this to work for mainstream, it’s got to work in mainstream society and you need to have those rules of the road,” CEO Jeremy Allaire told CNBC’s “Money Movers”. “We’ve been one of the most licensed, regulated, compliant, transparent companies in the entire history of this industry, and that’s served us well.”

Allaire also speaking with Bloomberg noted that stablecoin adoption is moving from pre adoption to mainstream and Circle will offer the internet financial infrastructure for every day payments. He said, ” The Internet is colliding with the financial system and we will partner with leading platforms to offer an ultra safe form of digital cash money that can be transacted at the fraction of cost within seconds.”

While the U.S. awaits the passing of the Genius Act for stablecoin regulation in the country, the UAE already passed its regulation last year, while Qatar has put stablecoins as one of the digital assets in its tokenization strategy.

UAE Fintech group Equiti and Dubai Digital Asset Association partner

UAE Fintech group Equiti and Dubai Digital Asset Association partner

MENA based Equiti Group, a global online trading and fintech innovation with licenses in UAE, UK and Cyprus, has partnered with UAE based D2A2 (Dubai Digital Asset Association), the MENA platform for regulatory discourse on tokenized real-world assets, to create a secure, transparent, and future ready digital asset ecosystem.

The alliance seeks to work to evolve the digital asset regulatory frameworks in the MENA region working with industry leaders, regulators policy makers and other key stakeholders such as the private sector.

“Finance should work for everyone, not just those with legacy access. Partnering with D2A2 gives us the opportunity to engage in meaningful dialogue with fellow industry leaders, share insights, and help shape a more inclusive financial future,” stated Iskandar Najjar, Equiti Group CEO & co-founder. “It’s about building a community where innovation is driven collectively, and access to opportunity is expanded through collaboration.”

Equiti brings deep experience in regulated finance, global market infrastructure and fintech solutions across EMEA. D2A2, meanwhile, is uniquely positioned as a regulatory thought leader, providing a trusted forum for exploring secure digitisation of real-world assets, including property, commodities, and income-generating instruments.

Together, the two organizations will champion collaboration for sustainable tokenized finance in the region. “Our collaboration with Equiti represents a significant step in furthering our commitment to stakeholder engagement and ecosystem development,” added Gaurang Desai, Chairman of D2A2. By fostering constructive dialogue and supporting responsible innovation, we aim to strengthen Dubai’s position as a global hub for digital assets.”

The Equiti-D2A2 partnership will focus on four core pillars, driving industry-regulator dialogue to foster balanced growth of the digital asset sector, contributing to policy clarity on tokenization, custody, and cross-border innovation, elevating financial literacy on blockchain and real-world asset tokenization and bridging TradFi and DeFi through infrastructure that unites security with agility.

Ctrl Alt tokenization platform gets licensed in UAE

Ctrl Alt tokenization platform gets licensed in UAE

Ctrl Alt, a tokenization infrastructure platform, has secured a Virtual asset broker dealer license as well as issuer license from Dubai’s Virtual Assets Regulatory Authority (VARA). As of May 1, 2025, Ctrl Alt has tokenized over $295 million in assets, spanning real estate, private credit, funds, litigation finance and more.

As per the press release Ctrl Alt is the first VASP authorized to conduct issuer-related services. This milestone marks a significant step in Ctrl Alt’s global expansion and highlights its commitment to operating within robust regulatory frameworks. The virtual asset issuer license allows Ctrl Alt to operate a full-stack, regulatory-compliant platform for the creation, management and distribution of tokenized real-world assets and ARVA tokens.

ARVA tokens are defined under Dubai law as representing direct or indirect ownership of real-world assets, granting entitlement to receive or share income and purporting to maintain a stable value by reference to real-world assets or income. ARVA tokens are also backed or collateralized by such real-world assets or constitute a derivative, wrapped, duplicated, or fractionalized version of another ARVA.

Ctrl Alt recently demonstrated its solution with its partnership with Dubai Land Department for their real estate tokenization project. Ctrl Alt created the framework to mint and place real estate tokens on-chain. PRYPCO Mint, the first licensed real estate tokenization platform, in partnership with Dubai Land Department, Dubai’s Regulatory Authority, and powered by Ctrl Alt blockchain, issued the region’s first property token ownership certificate. The fully funded property attracted 224 investors from over 40 nationalities, with an average investment amount of AED 10,714, underscoring the platform’s wide appeal and the growing appetite for accessible, tech-enabled real estate opportunities in the region.

“We are proud to receive our VARA license and establish fully regulated operations in the UAE,” said Matt Ong, Founder and CEO at Ctrl Alt. “This achievement reflects our commitment to long-term regulatory alignment as we power the infrastructure for the next generation of financial products.”

“Securing our VARA license marks a pivotal moment not just for Ctrl Alt, but for the broader digital asset ecosystem in the region,” said Robert Farquhar, Head of MENA at Ctrl Alt. “Dubai’s progressive regulatory environment provides a strong foundation for innovation in tokenization and we’re proud to contribute to that vision by delivering secure, compliant tokenization infrastructure for real-world asset issuance.”

Saudi Arabia Pilots tokenization with DroppRWA and RAFAL Real estate

Saudi Arabia Pilots tokenization with DroppRWA and RAFAL Real estate

DroppRWA, a sister company of Web3 technology provider DroppGroup, has partnered with Saudi Arabia’s real estate developer RAFAL Real Estate Co, to execute a Saudi Arabian pilot that would (RWA) tokenization real estate transaction. The pilot will serve as a national feasibility benchmark for the future of tokenized property markets in KSA.

The pilot built on blockchain and AI systems will allow Saudi citizens to have fractional ownership of high value real estate assets with amounts starting for as low as single-digit Riyals.

droppRWA will conduct a full feasibility study for property tokenization across RAFAL’s portfolio. A fully regulated proof-of-concept will be developed and executed, with RAFAL supplying live real estate assets for controlled transaction testing.

Faisal Al Monai, droppRWA co-founder and founder of DroppGroup stated, “This transaction marks a paradigm shift. Around the world, we are witnessing the greatest digital transformation of the 21st century, the transformation of capital itself. The mission of this partnership positions Saudi Arabia at the forefront of programmable economies, with real-world impact for every citizen ,starting at just 1 Riyal,you can “own a piece of Vision 2030.”

Al Monai, added, ” For institutional and global capital, this will be a fully regulated pilot that provides a secure on-ramp for institutional-grade Foreign Direct Investments (FDI) into Saudi Arabia. It merges stablecoin liquidity with sovereign-grade infrastructure, bringing real-world assets onto the blockchain with trust, speed and scale.”

Elias Abousamra, CEO, RAFAL Real Estate, “At RAFAL, we have always believed that real estate should be both aspirational and accessible. This partnership with droppRWA is not just about technology – it’s about democratizing real estate investment and creating a global platform for foreign direct investment into the promising Saudi market. For the first time, a young Saudi can own a piece of a premium development with just a few Riyals. That’s a powerful idea. Together with our partners, we are proud to pioneer a new model of ownership that speaks to the inclusive and innovative spirit of Vision 2030.

DroppGroup offers an AI quantum resilient platform

In 2017, Faisal co-founded droppGroup, an enterprise Web3 and AI infrastructure company based in Miami, which was embedded in the Middle East’s digital transformation. droppGroup’s flagship product, droppOne, is an AI-native, quantum-resilient infrastructure platform designed for governments and enterprises to operate in a world where AI agents transact, identities are decentralized and economies no longer need intermediaries.

It has deployments spanning the governments of Saudi Arabia andQatar, Saudi Aramco, Cisco and Oracle, utilized for digital ID, AI agents negotiating real-time contracts, real world assets like energy being tokenized and national data rails stitched into smart city backbones.

At its core, droppOne enables a new kind of economy. Its architecture supports >500,000 TPS, seamlessly bridges on-premise enterprise environments with public blockchains. Every AI agent has a wallet. Every transaction is programmable. Every interaction – sovereign.

In 2023 Saudi oil giant Aramco entered a collaboration agreement with droppGroup, a US-based company with operational hubs in Canada and Saudi Arabia. The partnership entailed that Aramco and droppGroup work together on deploying the latter’s proprietary Web3 technology to support the Saudi Vision 2030 quality of life program. The companies worked to develop a range of innovative Web3 solutions to benefit Aramco employees, including an on-boarding and training ecosystem, a tokenized network, and a rewards program.

The partnership also intended to explore creating a global tokenised network connecting all Aramco stakeholders.

Recently Faisal Al Monai was at Aramco with Tether, the issuers of USDT. On LinkedIn he noted, “A great feeling representing droppGroup and Tether.io meeting with aramco – The digital economy is the future and the future is here. Real World Asset tokenization transforms today’s capital into tomorrow’s value and profit.”

UAE regulated Emirates Coin Investment first to offer crypto and traditional investments

UAE regulated Emirates Coin Investment first to offer crypto and traditional investments

Emirates Coin Investment LLC (EmCoin) based out of Abu Dhabi UAE, has become the first regulated integrated investment platform to offer both crypto investments as well as traditional assets such as equities, commodities, and even ICOs.

Regulated by the UAE Securities and Commodities Authority, Emirates Coin Investment will be able to serve the entire UAE. As per the press release, this marks a bold new chapter in the UAE’s financial journey ushering in a smarter, safer, and more inclusive era for investors of all levels.

EmCoin will launch a cutting-edge investment platform that brings together digital assets and traditional finance all within a single, seamless mobile experience. Users will be able to trade Virtual Assets, invest in UAE and global equities, buy commodities, and access expert-managed portfolios with full transparency and trust.


“This is a landmark moment,” said Yasin Arafat, Chief Operating Officer of EmCoin. “We’re building a secure bridge between old and new finance. Thanks to the SCA’s vision, EmCoin gives everyday investors the tools to take control of their financial future with clarity, compliance, and confidence. The future of finance is tokenized, decentralized, and inclusive and EmCoin is leading that charge.”

EmCoin will bring under one roof both crypto assets, global stocks, managed funds, and even ICOs (Initial Coin offerings) onto a regulated, secure and expert supported platform.

EmCoin is working closely with the SCA to introduce regulated Initial Coin Offerings (ICOs) unlocking innovative new ways for businesses to raise capital and for investors to participate in previously inaccessible opportunities. These developments reinforce the UAE’s position as a forward-looking global hub for digital finance.

Prior to this the first AED (UAE Dirham) stablecoin approved by the Central Bank of the UAE, named AECOIN is also starting to be used as in Air Arabia.


Solana Foundation and Dubai’s VARA to collaborate on virtual asset innovation hub

Solana Foundation and Dubai’s VARA to collaborate on virtual asset innovation hub

The Solana Foundation and Dubai’s Virtual Asset Regulatory Authority have signed an MOU to collaborate on not only helping founders navigate licensing through workshops, advisory sessions and practical guides but also supporting the creation of a virtual asset innovation hub in Dubai that will offer policy feedback and data sharing.

Additionally the two entities will work to develop talent, provide economic impact reports, as Dubai positions itself as a forward thinking crypto jurisdiction.

Solana Foundation on LinkedIn noted, “Dubai continues to position itself as one of the most forward-thinking crypto jurisdictions in the world. We’re proud to support that vision and help founders, teams and investors plug into this growing ecosystem.”

Dubai VARA also on LinkedIn added, “We’re proud to formalise our partnership with the Solana Foundation through a newly signed MoU by our CEO, Matthew White, and Lily Liu, President of the Solana Foundation. From regulatory education and talent development, to data-sharing and co-creating the Solana Economic Zone in Dubai – this partnership reinforces our commitment to building a transparent, innovation-first environment for the virtual assets sector.”

Earlier this week Dubai VARA also signed an agreement with Sui Hub for similar initiatives.

Ripple stablecoin approved by Dubai DIFC regulator

Ripple stablecoin approved by Dubai DIFC regulator

Ripple, an enterprise blockchain and crypto solutions, RLUSD stablecoin has been approved as a recognized crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC).


As per the press release, this approval reinforces RLUSD’s position as a trusted, enterprise-grade stablecoin, built with regulatory compliance, utility, and transparency at its core. Alongside today’s approval under the DFSA’s crypto token regime, RLUSD is one of the few stablecoins globally to be issued under a New York Department of Financial Services (NYDFS) Trust Company Charter.

“The DFSA’s approval of RLUSD is proof of our commitment to building a stablecoin that meets the highest standards of trust, transparency and utility,” said Jack McDonald, Senior Vice President of Stablecoins at Ripple. “With regulation-first design and enterprise-grade features, RLUSD is uniquely positioned to drive enterprise utility of blockchain technology across global markets, starting with cross-border payments.”

RLUSD has been purpose-built for global enterprise utility, particularly in improving the speed, cost and efficiency of cross-border payments. This recognition allows Ripple to integrate RLUSD into its DFSA-licensed flagship payments solution, combining the stability of a trusted digital dollar with a scalable, blockchain-based infrastructure and Ripple’s extensive global payout network.

This approval also enables other DFSA-licensed firms in the fast-growing DIFC to incorporate RLUSD into their virtual assets services. With almost 7,000 firms active at the end of 2024, this further supports the integration of high-quality stablecoins into Dubai’s burgeoning digital assets and fintech ecosystem.

Stablecoin adoption in the UAE is accelerating. According to market data, 2024 saw a 55% year-on-year increase in stablecoin transactions in the region, signalling strong demand for blockchain solutions that address the inefficiencies of traditional payment rails. With a $400BN+ market for international trade and one of the world’s most progressive regulatory frameworks for digital assets, the UAE is well-positioned to become a global hub for stablecoin innovation and utility.

“The UAE continues to set a global benchmark for forward-thinking digital asset regulation and innovation,” said Reece Merrick, Managing Director Middle East and Africa (MEA) at Ripple. “The DFSA’s approval of RLUSD is yet another step forward for Ripple’s operations in the region, and we’re seeing huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions. The UAE’s digital economy is vibrant and incredibly dynamic, and we’re looking forward to working with our regional partners, customers and regulators to supercharge that growth.”

Earlier this month Ripple onboarded UAE Zand Digital bank and Mamo, while it also was used in Dubai Land Department tokenization of property platform.