Hello, dear readers, I am the Coin Research Uncle.
The uproar from the AIBC summit in Dubai has not yet subsided in the past few days, and the various contracts and impressive data on site truly leave one dazzled. However, behind this glamour, I have observed a real battle that will determine the fate of the RWA (Real World Asset Tokenization) landscape in 2026. This is not a small skirmish but a close combat between MANTRA ($OM) and Vanar ($VANRY ) regarding 'who will be the leader in RWA in the Middle East.'
As a supporter of left-side trading and value investing, I tend to set aside emotions and focus on the essence. This battle is fought over the 'geographical advantage of the pioneers' and the 'wisdom of the predators.'
1. MANTRA ($OM): The pioneering landlord holding the 'exam permit.'
When talking about RWA, one cannot ignore the current hottest topic, $OM. Let me clarify a timeline for everyone: OM just received approval from the Dubai Virtual Assets Regulatory Authority (VARA) on January 29 this year, and shortly after, on February 10, it officially launched the first RWA product 'PYSE Green Velocity 1' in Dubai.
This is an extremely precise move. By tokenizing the revenue of electric vehicle fleets, OM proves to the market that it is not just writing a white paper, but is about 'real assets, real accounts, real compliance.' Let's not forget, the official has already scheduled a network upgrade and token split (ratio 1:4) on March 2. This combination of 'first landing, then splitting' has a very clear goal: to utilize the advantage of being a pioneer and quickly capture a share of real estate and green energy assets in the Middle East during the regulatory window.
In OM's world, compliance is a 'hard indicator.' It follows a legitimate licensing route, relying on deep ties with Dubai real estate giant DAMAC and other forces. For funds seeking clear property rights and minimal risks, OM is currently the most visible and tangible fortress.
2. Vanar ($VANRY): The 'system tax collector' leveraging forces.
If OM is like building a highly secure financial department store, then Vanar is like developing the 'smart unmanned settlement system' necessary for this department store.
I noticed that on February 10, Vanar also released significant news in Dubai: it officially allied with Emirates Digital Wallet (EDW) and the klip system behind it. This move is very cunning; it doesn't plan to compete with OM on who gets the license faster but rather 'borrows shells for compliance.'
EDW is a national-level payment and identity infrastructure in the UAE. Through this integration, Vanar essentially transforms itself into an officially recognized technical foundation. Its strategic intent is very ruthless: it doesn’t want to be an issuer; it wants to be the 'brain' of the issuers.
In Vanar's 2026 blueprint, AI agents are not toys for retail investors but 'cost-saving tools' for asset issuers. The operational costs, cross-border profit sharing, and dynamic compliance monitoring that issuers struggle with are all handled by Vanar's AI stack. This 'strategy of winning without fighting' allows Vanar to lightly consume the RWA shares that still struggle on traditional chains.
3. The commercial truth: current dividends and future harvests.
Many readers may ask: Uncle, who will take the lead?
Within the scale of the first half of 2026, OM wins in 'tactile experience.' Its licenses are real, its assets are real, and the benefits of the split in March are right in front of us. The pioneers can eat their fill first and encircle their territory; this is their moat.
However, Vanar's threat lies in 'scalability.' As it is about to enter the Base ecosystem, it is trying to establish a cross-chain AI RWA standard. It is waiting for a singularity: when the RWA assets in the market become too numerous for manual management, all issuers (including partners of OM) will have to pay this 'technology tax' to access Vanar's intelligent brain.
Uncle's conclusion:
Investing in the RWA track, we do not necessarily have to make a binary choice. OM sells 'trust and pioneering,' while Vanar sells 'efficiency and taxation.' While everyone is still debating whether AI is useful, these two powers have already planted their value flags for 2026 in the deserts of Dubai. For holders like us who value the essence of business, understanding the game between 'landlords' and 'tax collectors' is essential for maintaining composure amid the upcoming fluctuations.
#Vanar $VANRY @Vanarchain #mantra #om #RWA #payfi
