In a significant move towards revolutionizing asset trading, Dubai-based CreataChain DMCC and Al Reem FZCO have signed a Memorandum of Understanding (MOU) to formalize their partnership to develop RWA marketplace.
The collaboration aims to leverage blockchain technology to develop a pioneering Real-World Asset (RWA) marketplace.
Combining CreataChain’s technical capabilities with Al Reem’s market insights and legal expertise, the two companies will leverage their strengths to build a new-age asset trading platform.
CreataChain will develop and operate the blockchain platform, while Al Reem will focus on ecosystem building, marketing, and legal and regulatory assessment of the marketplace.
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The MOU outlines the two companies’ commitment to accurate asset valuation, strict regulatory compliance, and solid business planning.
Their main goals are to ensure a transparent and efficient asset valuation and verification process and to create a dynamic asset trading ecosystem.
“This partnership is expected to redefine how assets are managed and traded and bring new levels of efficiency, security, and transparency through blockchain technology,” said a CreataChain representative.
“The launch of the RWA Marketplace is expected to simplify asset trading and provide an innovative asset management platform that will attract investors and stakeholders from around the world,” said an Al Reem representative.
This collaboration between CreataChain and Al Reem is expected to open a new chapter in blockchain applications and mark a significant milestone in the future development of this sector.
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