A Memorandum of Understanding (MOU) has been signed by Dubai-based CreataChain DMCC and Al Reem FZCO to collaborate on the development of a Real-World Asset (RWA) marketplace using blockchain technology. By combining CreataChain’s technical expertise with Al Reem’s market knowledge and legal background, the goal is to create an advanced asset trading platform.

In this partnership, CreataChain will be responsible for the blockchain platform's development and operation, while Al Reem will focus on ecosystem building, marketing, and ensuring legal and regulatory compliance for the marketplace. The MOU emphasizes the importance of accurate asset valuation, regulatory adherence, and robust business planning.

The objective of this collaboration is to introduce a new standard in asset management and trading, promising increased efficiency, security, and transparency through blockchain technology. The establishment of the RWA Marketplace is anticipated to simplify asset trading and offer an innovative platform to attract global investors and stakeholders.

This partnership between CreataChain and Al Reem signifies a significant advancement in blockchain applications and highlights a pivotal moment in the industry's evolution.