Vanar Chain Partners with Nexera Network to Pioneer Real-World Asset Tokenization in Web3

Author

Jimmy Aki

Author

Jimmy Aki

About Author

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

Author Profile

Share

Copied

Last updated: 

November 14, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Vanar Chain has formed a new strategic partnership with Nexera Network (formerly Nexera Foundation) to transform how real-world assets (RWA) are integrated into blockchain ecosystems.

The partnership merges Vanar’s scalable blockchain infrastructure with Nexera’s middleware solutions, providing businesses and developers with tools to tokenize assets like real estate, commodities, and financial instruments.

This collaboration solidifies Vanar’s leadership in decentralized finance (DeFi) and Shariah-compliant tokenization, while Nexera ensures that regulatory compliance is maintained across various markets.

On November 13, Cryptonews contacted Rachid Ajaja, CEO of Nexera, and Jawad Ashraf, CEO of Vanar, to gather more information about the new partnership.

Streamlining Asset Tokenization with Nexera Middleware

When questioned about why Nexera middleware is so valuable to blockchain projects, Rachid Ajaja, CEO of Nexera, explained that their platform, serving as Vanar Chain’s core middleware provider, offers modular solutions that simplify tokenization for developers, even those without Web3 expertise.

He expressed his enthusiasm for the collaboration, saying, “This partnership with Vanar marks an exciting step forward in bringing real-world assets into the digital economy.”

Nexera’s technology addresses a major challenge in tokenizing assets by reducing technical complexity.

It enables developers to tokenize various asset classes, such as real estate, commodities, and financial instruments, while adhering to global compliance standards.

Nexera’s middleware also supports Omni-chain capabilities, enabling seamless cross-chain asset transfers that reduce friction for businesses and users.

Vanar Chain’s Infrastructure and Regulatory Edge through Nexera and QFCA

Jawad Ashraf, CEO of Vanar, highlighted the specific asset classes that the partnership will initially prioritize.

“The Vanar-Nexera partnership will initially focus on tokenizing three key asset classes: commodities, financial instruments, and real estate,” Ashraf explained to Cryptonews.

“Real estate, as a traditionally illiquid market, presents immense opportunities for fractional ownership and global access. Commodities, including gold, metal ores, and oil, offer improved liquidity through tokenization while maintaining their tangible value,” he added.

The Vanar Chain executive explained that the asset classes were chosen due to their high market demand and alignment with Vanar’s goal of providing compliant, scalable RWA tokenization solutions.

Simplified Infrastructure for Businesses and Developers and Regulatory Advantage Through QFCA Digital Asset Labs

Addressing the technical infrastructure, Nexera’s middleware provides a streamlined platform for businesses transitioning to blockchain-based tokenization.

With Nexera’s API and SDK tools, Vanar enables businesses to deploy tokenized assets in as little as 4-12 weeks, depending on complexity.

The middleware includes automated KYC/AML checks and regulatory reporting, providing businesses with a secure transition to the blockchain.

“Our goal is to remove technical and regulatory complexities so businesses can focus on innovation,” Ashraf explained, highlighting the streamlined onboarding process that caters to varied business needs.

Similarly, Nexera’s inclusion in the Qatar Financial Centre Authority (QFCA) Digital Asset Labs grants both companies access to a secure testing environment that ensures adherence to global regulations.

“This regulatory support strengthens our platform’s credibility, fostering trust among institutional investors and enterprises,” the Nexera CEO added.

The QFCA affiliation further positions Vanar to scale its RWA offerings while maintaining a strong compliance foundation.

Enhanced Engagement Through $NXRA and $VANRY Tokens

Vanar’s $VANRY and Nexera’s $NXRA tokens are crucial in driving engagement within the ecosystem.

The $NXRA token allows developers to access Nexera’s services, while $VANRY will facilitate the tokenization process and power decentralized applications (dApps) on the Vanar blockchain.

Ashraf noted the importance of these tokens: “By simplifying tokenization, we empower businesses and developers to innovate without complexity. This partnership with Nexera is just the beginning; we’re excited about new solutions linked to compliance, identity, and no-code blockchain applications.”