Swiss Vonom to hold Sustainable Blockchain conference in UAE

Swiss Vonom to hold Sustainable Blockchain conference in UAE

 Swiss based Vonom Academic AG, which is transforming scientific publishing through blockchain technology to elevate research publication standards will be holding the Vonom Academic premier academic conference, “Proof of Green: The Future of Blockchain and Sustainability”. The conference will be held in Dubai on May 7th – 8th at the Address Downtown hotel.

The conference fosters dialogue on blockchain for sustainability, key for tackling environmental issues.

A wide range of topics will be covered , including ESG (Environmental, Social, and Governance), renewable energy, environmental conservation, carbon credits, and social policies. Key discussions will focus on blockchain’s impact on Sustainable Development Goals (SDGs), its influence on emerging industries and regions, and community involvement in sustainable blockchain solutions.

“We chose sustainability as our focus because, now more than ever, it’s crucial to change our behaviors toward the environment. Blockchain’s wide reach can amplify these efforts, making it pivotal in our mission for positive change,” says Philip Blazdell, CEO of Vonom Academic.

Featuring speaker panels, workshops, and more, “Proof of Green” offers a comprehensive exploration of blockchain’s role in shaping a sustainable future. Announcements regarding keynote and session topics will be released in the days ahead.

The conference will also unveil a glimpse of their cutting-edge blockchain-powered publishing platform. Through blockchain technology, researchers can meticulously record every step of the publication journey, from data aggregation and analysis to peer evaluation and revisions, all in an immutable and auditable fashion. This decentralized platform not only safeguards copyright entitlements and equitable compensation but also facilitates universal accessibility to published materials, thereby championing the principles of open access.

“Our blockchain-powered publishing platform heralds a new era of trust in academic research and revolutionizing the way knowledge is shared,” adds Mr. Blazdell.

UAE IHC to list its $27 billion 2PointZero holding company

UAE IHC to list its $27 billion 2PointZero holding company

UAE IHC Holding company with crypto and Blockchain holding entities is seeking to list more than $27 billion worth in 2025, under 2PointZero.

The statement was made in an interview with IHC’s CEO Syed Basar Shueb on Bloomberg. He noted that the newly created holding firm 2PointZero will be going to the market sometime next year. UAE based International Holding Company (IHC), had approved the initiation of the transfer of 2PointZero, a next generation Holding Company comprising several diverse and dynamic companies, which would invest in several industries including crypto ecosystem.

IHC consolidated existing and newly created firms from Royal Group to form 2PointZero earlier this year. 2PointZero spans sectors from financial services to crypto mining. These firms include Lunate, Abu Dhabi’s newest fund, International Resources Holding, which invested more than $1 billion in Zambia’s Mopani copper mine, and private investment firm Chimera.

Citadel is a leading player in the cryptocurrency mining industry and operates a state-of-the-art crypto mining facility in Abu Dhabi, UAE. The company specializes in Bitcoin extraction and is committed to sustainable and efficient mining practices. Citadel’s strategic location in the UAE allows it to leverage the region’s advanced infrastructure. In FY22, Citadel reported a revenue of AED100 million and an asset size of AED2.7 billion. IHC recently acquired a 10% stake in Phoenix Group, which manages the ‘Citadel Project’. Citadel’s facility is recognized as the Middle East’s largest crypto-mining facility.

It was decided these companies should come into a “separate ecosystem so that when we list the business, it’ll get the significant capital injection and that will help the growth of these businesses,” the CEO said. Its valuation will be “north of 100 billion dirhams.”

IHC and Royal Group are chaired by Sheikh Tahnoon bin Zayed Al Nahyan, a brother of the United Arab Emirates’ ruler and the country’s national security adviser. 2PointZero named Mariam Almheiri, the UAE’s former minister of climate change and environment, as CEO. Sheikh Tahnoon is already linked to firms that, by weighting, make up more than two thirds of the Abu Dhabi index. 

IHC is also looking to list International Technology Holding, a combination of all information technology firms overseen by the conglomerate, and Sirius International Holding which is focused on green technology, digital transformation, and health tech. ITH is slated for this year while Sirius is likely to list in 2025.

IHC according to its CEO will be pursuing new sectors in 2024. The company will be developing the mining and energy, asset management, micro-finance and reinsurance sectors. It’s also pursuing investments in artificial intelligence. IRH, a firm folded under 2PointZero, will be the vehicle for investing in mining, focusing on copper, cobalt, tin, tungsten, tantalum and nickel. It’s having negotiations in Asia, Africa and South America, he said.

UAE ADGM registers its second DLT Foundation

UAE ADGM registers its second DLT Foundation

UAE financial freezone center, based out of Abu Dhabi, ADGM ( Abu Dhabi Global Market) has registered its second DLT Foundation.The Finschia DLT Foundation, chaired by Youngsu Ko, has been registered as a Distributed Ledger Technology (DLT) Foundation with the ADGM.

IOTA DLT Foundation announced its registration as the first foundation under the DLT Foundations Regulations at ADGM in November 2023.

First established in March 2023 by LINE Tech Plus, a blockchain subsidiary of LINE, the Finschia DLT Foundation is a foundation dedicated to developing sustainable token models in collaboration with global Web3 users. The Finschia Foundation aims to accelerate expansion into global Web3 business initiatives.

The Finschia Foundation has registered as the first Asian blockchain project under the Distributed Ledger Technology (DLT) Foundations Regulations of ADGM. Additionally, the Finschia Foundation is set to develop accessible Web3 services for global users in collaboration with various enterprises in Abu Dhabi, based on its public blockchain ‘Finschia’.

Youngsu Ko, Chairman of the Finschia Foundation Council, stated, “ADGM is advancing as one of the most blockchain-friendly and leading digital asset regulatory environments globally. We anticipate significant progress through our collaboration with ADGM.”

The Finschia Foundation is also focused on creating an open blockchain platform, designed for easy accessibility by partners and users from various sectors. In addition, they are actively working to expand the availability of their digital asset, ‘FINSCHIA (FNSA),’ across more exchanges, aiming to continually enhance its liquidity and usability.

Inheriting the philosophy of LINE Blockchain, “Blockchain for All”, the Finschia Foundation operates its third-generation public blockchain mainnet “Finschia” and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.

In January 2024 Finschia announced the merger with Klaytn Foundation, to form a new blockchain mainnet. The two foundations have submitted their proposals to their respective governance members for open discussion, with voting scheduled from 26 January till 2 February. The governance proposal submitted by Klaytn Foundation can be viewed on the Klaytn Governance Forum.

CZ embarks on free education using blockchain, and soul bound tokens

CZ embarks on free education using blockchain, and soul bound tokens

Former Binance CEO Changpeng Zhao has started a new project that has nothing to do with crypto but includes gaming, education, blockchain and NFTs (Non Fungible Tokens) as soul bound tokens. The project called Giggle Academy aims to offer high quality education that is free to all.

As CZ notes on X, “Building a high-quality and sticky education platform that is entirely free and accessible to all is the most impactful thing I could do for the next chapter of my life.”

The platform will include gamification to make learning addictive. It will include high quality content from the best teachers and game developers in the world.

NFTs will be uses for badges, points, scores, rankings and more. Levels and badges will be issued as Soul Bound Tokens. SBT are blockchain based tokens that cannot be transferred to others. Potential employers can easily verify them on the blockchain, with the students’ permission.

As per the concept paper while current schools tend to encourage kids to be “average”. Ie, you are good at math, but weak in English, so you should spend more time on English than Math. Giggle Academy leans towards the opposite. Students who are good at Math will be nudged to focus more on math, and less on other subjects.

In the concept paper it notes,” We feel this is the most effective way for them to be the strongest at what they do best, and make themselves most valuable to the world.”

There will be no degrees but giggle points, levels and badges.  A Giggle level or badge system will be developed to identify how far a student has progressed on a certain subject. For example, Science Level 391 Purple Badge could mean Grade 3, 91% completion, at top 20 percentile.

CZ does not want to make revenues from Giggle Academy.

He adds, “ I chose this project because my area of expertise is building (teams to build) software platforms. We (together with a team) can reach hundreds of millions of people. This is scalable, and thus high impact. In addition, education is fundamental to everything in our world. Give a man a fish vs teach a man to fish. This is the most impactful thing that I could come up with for the next chapter of my life.”

This comes in parallel with an interesting development happening in the blockchain ecosystem. The new terminology, Decentralized Science (DeSci) is a movement aiming to build public infrastructure for scientific research using Web3 technologies.

DeSci allows for more funding sources, censorship-free collaboration, and open access to research data. By leveraging blockchain technology, DeSci has the potential to make science more decentralized, transparent, and accessible.

Essentially, DeSci aims to broaden access to scientific data, promote more transparent peer review processes, and incentivize international collaboration among researchers. By leveraging blockchain technology, DeSci can ensure the integrity and immutability of scientific records while eliminating barriers to entry.

DeSci can revolutionize the allocation of research funds through mechanisms such as quadratic donations and decentralized autonomous organizations (DAOs). This promotes a fairer distribution of resources.

DeSci may increase accessibility by leveraging blockchain-based research repositories. This can ensure that scientific data and publications are stored transparently on a decentralized ledger, making them more accessible. Smart contracts can govern access to data, typically ensuring its fair and secure distribution.

DeSci can introduce incentives for reproducibility, such as token rewards and reputation systems. Smart contracts can facilitate transparent and verifiable peer review processes, incentivizing researchers to make reproducible scientific work. This typically improves the reliability of scientific findings.

But most importantly just like CZ’s project, DeSci platforms can promote open access to scientific data and publications, democratizing access to knowledge. TradSci publishing models tend to involve subscription fees and access barriers, often limiting the distribution of research findings.

Stablecoin studio on sui blockchain launched by Pravica

Stablecoin studio on sui blockchain launched by Pravica

Pravica, Egyptian based blockchain solutions provider has launched S3 (Stablecoin Studio on Sui) on the Sui Blockchain. The S3 platform will allow the seamless launch of native stablecoins without the complexity of smart contract development and currency management.

S3. MONEY (S3) is set to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and utilizing stablecoins on the Sui blockchain.

As per the announcement, S3 offers a key utility designed for building customizable stablecoins directly on the Sui blockchain, which in its initial phase, enables issuers to create fiat-backed stablecoins without building the bespoke technological infrastructure typically required for smart contract development and currency management.

S3 not only simplifies the process for existing stablecoin issuers, such as USDC and USDT, to integrate with Sui, but also facilitates the creation of bespoke stablecoin solutions tailored to meet specific regulatory requirements in various jurisdictions.

S3 also establishes an entirely new process for stablecoin management, offering a streamlined one-stop-shop experience through a straightforward interface. Stablecoin Studio on Sui provides intuitive, capable administration with role-based controls, enabling effortless configuration and management of stablecoins.

The platform enhances treasury command with built-in proof-of-reserve functionality and seamless integration with on-chain oracles. Integrated KYC/AML features prioritize compliance, strengthening due diligence with qualified identity verification services.

Mohamed Abdou, Founder & CEO of Pravica, expressed his enthusiasm for S3 and Sui as a foundation for Pravica’s stablecoin creator. “Based on the adoption we are already seeing and our deep experience with international payment systems, we are convinced that stablecoins will revolutionize the global payments industry. We also believe that Sui offers the most capable platform for building robust and scalable decentralized utilities. Built on top of Sui, S3 poised to become a global utility for creating customized payment solutions utilized by millions,” he said.

Beyond empowering builders to craft their own stablecoins, S3 also comes with a cutting-edge payment’s app, Walletify, which serves as a closed-loop payment solution. Walletify allows users to seamlessly transact using the stablecoins created through the S3 utility. Walletify’s closed-loop architecture, building on Sui’s unique Move-based design pattern, ensures a secure and efficient payment experience for both merchants and users.

“The team at Pravica has done incredible work and built much needed financial tooling. Stablecoin Studio on Sui removes an immense hurdle for stablecoin issuers and is set to transform the world’s payment processing industry,” said Greg Siourounis, Managing Director of the Sui Foundation. “We are extremely gratified that they have chosen to build this revolutionary solution on Sui.”

Saudi Arabia to host Web3 blockchain event Outer Edge

Saudi Arabia to host Web3 blockchain event Outer Edge

Saudi Arabia will be hosting a Web3 Blockchain event called “Outer Edge”. The event will be held in partnership with Animoca Brands, the Blockchain gaming open metaverse company, and King Abdulaziz City for Science and Technology (KAUST), the national labs of the Kingdom. The event will be held on April 23 2024. Outer Edge Riyadh  event is set to bring together some of the biggest names in the blockchain, AI, and gaming ecosystems from all over the world to Riyadh, Saudi Arabia.

Outer Edge, historically based in LA and now expanding to the Middle East, is known for hosting memorable events and presenting invaluable networking opportunities for founders, builders, and venture capitalists in emerging technologies.

The Saudi Arabia tech revolution has already made major strides in developing various industries as the country builds a solid ecosystem for digital entrepreneurship. Saudi Arabia is focusing on enhancing its technology sector in line with the Saudi Vision 2030 plan, as businesses continue to invest in new tech such as AI, blockchain, VR, AR, and the Internet of Things. 

Outer Edge Riyadh, a partnership between Edge of Company and Animoca Brands, presented by King Abdulaziz City for Science and Technology (KACST), comes at a pivotal moment during the growth of the blockchain sphere. The partnership aims to bring together industry leaders, experts, creatives and more to Riyadh’s innovation district, The Garage, a technology hub for local and international startups. KACST’s strategic partnership with Animoca Brands includes plans for the development of a physical Web3 hub in Riyadh to enhance research and development efforts within the fields of Web3, blockchain, gaming, AI, as well as providing bespoke educational programs. 

Mohammad Hadhrawi, general manager, Gaming and Immersive Technologies Institute at KACST, notes, “At KACST’s Gaming and Immersive Technologies Institute, we are dedicated to advancing the frontiers of R&D in gaming and immersive technologies. Our efforts are aligned with the national vision and strategies, aiming to foster an innovative ecosystem that nurtures creativity, technological advancement, and economic diversification. By spearheading projects that leverage web3, AI, and immersive experiences, we aim to impact the global technology landscape and equip our nation with the skills and opportunities to excel in these fields. Our commitment is to deliver tangible outcomes that contribute to the Kingdom’s position as a leader in the economies of the future (a key priority area for the kingdom), ensuring a sustainable and prosperous future for all.” 

Joshua Kriger, Outer Edge co-founder and co-host of Edge of NFT and Edge of AI podcasts, stated, “When we started Outer Edge LA, the intent was always to catalyze innovation globally. We are thrilled to take the concept of co-creation, connection and community abroad to the Kingdom of Saudi Arabia and unite regional and global leaders in Web3, AI, and gaming. Our unique format cultivates long-term collaboration opportunities at the intersection of culture, entertainment, and technology.”

Outer Edge, one of the pioneer events in the world of Web3, tech, culture, and entertainment, today announced a partnership with Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and King Abdulaziz City for Science and Technology (KACST), the national labs of the Kingdom, to debut Outer Edge Riyadh on 23 April. The dynamic event is set to bring together some of the biggest names in the blockchain, AI, and gaming ecosystems from all over the world to Riyadh, Saudi Arabia.

Outer Edge, historically based in LA and now expanding to the Middle East, is known for hosting memorable events and presenting invaluable networking opportunities for founders, builders, and venture capitalists in emerging technologies.

The Saudi Arabia tech revolution has already made major strides in developing various industries as the country builds a solid ecosystem for digital entrepreneurship. Saudi Arabia is focusing on enhancing its technology sector in line with the Saudi Vision 2030 plan, as businesses continue to invest in new tech such as AI, blockchain, VR, AR, and the Internet of Things.

Outer Edge Riyadh, a partnership between Edge of Company and Animoca Brands, presented by King Abdulaziz City for Science and Technology (KACST), comes at a pivotal moment during the growth of the blockchain sphere. The partnership aims to bring together industry leaders, experts, creatives and more to Riyadh’s innovation district, The Garage, a technology hub for local and international startups. KACST’s strategic partnership with Animoca Brands includes plans for the development of a physical Web3 hub in Riyadh to enhance research and development efforts within the fields of Web3, blockchain, gaming, AI, as well as providing bespoke educational programs.

Mohammad Hadhrawi, general manager, Gaming and Immersive Technologies Institute at KACST, notes: “At KACST’s Gaming and Immersive Technologies Institute, we are dedicated to advancing the frontiers of R&D in gaming and immersive technologies. Our efforts are aligned with the national vision and strategies, aiming to foster an innovative ecosystem that nurtures creativity, technological advancement, and economic diversification. By spearheading projects that leverage web3, AI, and immersive experiences, we aim to impact the global technology landscape and equip our nation with the skills and opportunities to excel in these fields. Our commitment is to deliver tangible outcomes that contribute to the Kingdom’s position as a leader in the economies of the future (a key priority area for the kingdom), ensuring a sustainable and prosperous future for all.”

Joshua Kriger, Outer Edge co-founder and co-host of Edge of NFT and Edge of AI podcasts, said: “When we started Outer Edge LA, the intent was always to catalyze innovation globally. We are thrilled to take the concept of co-creation, connection and community abroad to the Kingdom of Saudi Arabia and unite regional and global leaders in Web3, AI, and gaming. Our unique format cultivates long-term collaboration opportunities at the intersection of culture, entertainment, and technology.”

Taking place on 23 April at The Garage in the center of the city, Outer Edge Riyadh will bring together industry leaders, creatives, visionaries, entrepreneurs, and investors for an experience that threads together education and entertainment, to explore beyond the implications of decentralized, Blockchain, Web3 and AI technology on society. Topics will include smart cities, gaming, esports, art, culture and more.

Notable speakers at Outer Edge Riyadh will include Yat Siu, co-founder and executive chairman of Animoca Brands; Calvin Zhou, co-founder of Shrapnel,a venture backed UGC; Salwa Radwi, founder of ‘Nuqtah’, the first Saudi NFT Marketplace; Vatom founder and CEO Eric Pulier; Amanda Cassat, founder and CEO of Serotonin; Cole Damon, CEO of AG Esports Global; Yasser N Al Obaidan, chairman of Jawraa; and Sebastien Borget, co-founder and COO of The Sandbox.

Yat Siu, the co-founder and executive chairman of Animoca Brands, added, “Through our partnership with Outer Edge Riyadh we are honoured to help support the MENA region’s progress toward fully harnessing the power of Web3 and blockchain. Global leaders at Outer Edge Riyadh will gather to engage in spirited discussions, forge valuable partnerships, create new opportunities, and mobilize on a variety of topics ranging from revolutionizing smart cities to redefining finance and entertainment.”

Recently  Co-Founder of the Satoshi Roundtable retreat, and managing director of Chainstone Labs, Bruce Fenton, stated that he is heading to Saudi Arabia to bring Blockchain and Bitcoin education and investment into the country. ChainStone Labs is a Stealth mode financial tech company focused on tokenization of securities and digital assets backed by hard assets.

While Animoca Brands continues to invest heavily in the region.

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Blockchain and DLT to grow by 17 percent in ADGM

Blockchain and DLT to grow by 17 percent in ADGM

A recent UAE ADGM (Abu Dhabi Global Market) survey has indicated a strong trajectory growth in several sectors including the field of Fintech and digital assets, Blockchain and Distributed Ledger Technology poised to grow by 17.08% and 16.83% respectively. In the lead is asset management growth at 18.56%.

According to ADGM press release, these sectors are reinforced by the growing interest in Sustainable Finance and Private Banking and Wealth Management, which are also projected to experience substantial growth. Furthermore, Professional Services are forecast to continue their upward trend, rounding out the sectors set for expansion within the dynamic financial landscape of the IFC

Nearly 97% of business leaders show strong support for recommending ADGM. A total of 70.81% of companies anticipate expanding their workforce in ADGM during 2024.

The robust regulatory environment acknowledged as the cornerstone of ADGM’s competitive edge. ADGM had announced earlier this year that it would be amending and updating its virtual assets framework. It then introduced its Blockchain/ DLT ( distributed ledger technology) framework.

Accordingly a research report by Wamda and Digital Digest, noted that Web3 startups in the MENA region raised $39 million in February this year. Startups in the Middle East and North Africa (Mena) region raised $88.7 million across 37 deals, a modest growth of just two per cent month-on-month in terms of deal value. Compared to the same period last year, the amount invested in February this year has fallen by 88 per cent.

The UAE remained at the top of the Mena ecosystem in terms of investment, with its startups raising $65.6 million across 22 deals, half of which went to the Flare Network.

WEMIX Play onboards UAE metaverse developers

WEMIX Play onboards UAE metaverse developers

Wemade has signed WEMIX PLAY onboarding contracts with INFTY ART FZ-LLC and FYE Software FZ-LLC, developers based in the United Arab Emirates.

INFTY ART is set to introduce ArToys, a metaverse platform that sells character toy NFTs. At ArToys, collectible NFTs using character IPs and utility NFTs used in games will be sold. These utility NFTs will be applicable within games later on.

FYE Software is developing Strifest, an arena shooting game based on Unreal Engine 5. Players participate in combat to gain abilities and destroy the opponent’s base. They can also enjoy various content such as 4 vs. 4 team battles, guilds, and tournaments.

Wemade has established a local office in the United Arab Emirates and is expanding its blockchain business in the Middle East by consecutively signing onboarding contracts with various developers.

Wemade onboarded Whampoa Digital as an ecosystem partner for its $100 million Web3 Fund in UAE. Wemade also partnered with Whampoa Digital for its WEMIX Play center in Dubai International Financial Center Innovation Hub ( DIFC Innovation Hub).

Bruce Fenton heads to KSA for Bitcoin and blockchain

Bruce Fenton heads to KSA for Bitcoin and blockchain

A 2022 candidate for the U.S. Senate, Co-Founder of the Satoshi Roundtable retreat, and managing director of Chainstone Labs, Bruce Fenton, is heading to Saudi Arabia to bring Bitcoin education and investment into the country. ChainStone Labs is a Stealth mode financial tech company focused on tokenization of securities and digital assets backed by hard assets.

In an X post, Bruce Fenton states, “As we enter a new phase in the markets and maturity of our space there are new opportunities to change the world. The most impactful thing I can think of to do this cycle is to help bring Bitcoin and related technology to Saudi Arabia and invest in building the ecosystem in this important country.” Blockchain is considered a related technology to Bitcoin and crypto.

He adds, “I plan to invest heavily in capital and time and also bring many other investors and companies and startups.  The timing for the Kingdom and this technology is perfect now.”

According to Fenton he considers Saudi Arabia as his second home as he has lived and worked there over the years. He notes that the KSA is set to enter a new era of growth and leadership in global finance.

Fenton is the Co-Founder of Satoshi roundtable. The Satoshi Roundtable is characterized by high-level private discussions in a private relaxed venue. The Roundtable brings together leading developers, CEOs, founders, scientists, academics and investors. With each iteration, we have learned and grown as our industry has continued to evolve.

In his X post he notes that there is great interest in this technology from a variety of sectors in KSA, especially young investors, trading families and youth.

So Fenton plans to increase the understanding at senior levels of government, with education among religious leaders as well. He states, “We are working with Islamic scholars like Mu’aawiyah Tucker who understand Bitcoin, fintech and cryptocurrency to increase knowledge about this technology from an Islamic finance standpoint. I’ll be bringing delegations, helping companies and investing in key initiatives that can bring this industry forward.”

He calls on those who are interested to talk to him and his team. https://t.me/saudiarabiadigitalassets

Recently Bandar AlTunisi, Head of Development at Binance in Saudi Arabia, high level digital currency regulation could come out in Saudi Arabia tomorrow or in a month’s time. This comes as Saudi Arabia is becoming host to the highest paid Blockchain developers in the region.

Mantra Chain raises $11 million led by UAE Shorooq partners as it closes in on VARA license

Mantra Chain raises $11 million led by UAE Shorooq partners as it closes in on VARA license

MANTRA Chain a Layer 1 blockchain for real world tokenization, has raised $11 million led by UAE based Shorooq Partners with investors including Three-point capital, Forte Securities, VirtuZone, Hex Trust and GameFi Ventures. The news which was published in Coindesk stated, that Mantra Chain was in the final stages of receiving licenses from Dubai’s crypto regulator, VARA.

John Patrick Mullin told CoinDesk, “These approvals will be essential in MANTRA’s plans to build and host a suite of compliance-minded tools for issuing and trading RWAs.”

MANTRA’s network isn’t yet live, meaning no one can issue or trade RWAs quite yet. But it is planned for Cosmos, a network of closely linked albeit independent blockchains. Cosmos doesn’t yet have a designated so-called app-chain for trading tokenized RWAs, according to MANTRA’s documents.

Once live MANTRA will focus on the “crypto native” crowd, which is to say, the people already familiar with crypto, decentralized exchanges, on-chain borrowing and lending and so-forth.

Earlier this week, Layer 1 blockchain, MANTRA had announced that it has applied for a license in both the UAE and HongKong as it aims towards making real world asset tokenization mainstream. MANTRA’s layer1 blockchain, known as MANTRA Chain, is designed to facilitate the issuance and trading of tokenized RWAs. MANTRA is on a mission to onboard financial organizations and other commercial enterprises that seek to tap into the many benefits tokenized RWAs have to offer.