Rifad Mahasneh, CEO of OKX MENA, highlights that real-world utility should be paramount in RWA tokenization, urging projects to demonstrate clear benefits beyond the prevailing market hype.
The UAE sees a surge in RWA initiatives, including a landmark $3 billion agreement by MultiBank Group with MAG and Mavryk, alongside Dubai’s pilot project for real estate tokenization.
With the UAE’s regulatory framework for stablecoins in place, institutions gain confidence, leading to collaborations for a dirham-pegged stablecoin from major players, fostering a secure crypto environment.
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