Just when we thought investments in crypto and blockchain technologies couldn’t get any bigger, DAMAC and MANTRA appear to have raised the bar.
Think of MANTRA as a powerful layer 1 blockchain that brings real-world assets to life through tokenization.
In the press conference on the 9thth In January 2025, MANTRA announced that it had entered into an agreement with the DAMAC Group, a real estate conglomerate based in the United Arab Emirates, to bring at least $1 billion of its assets onto the blockchain.
DAMAC is no stranger to blockchain and crypto innovation. In 2022, DAMAC began accepting Bitcoin (BTC) and Ether (ETH) for real estate payments, supporting the goals of the UAE crypto hub. Its collaboration with MANTRA further promotes blockchain adoption and regional investment opportunities.
ππ₯πππππ‘π: MANTRA and DAMAC Group @DAMACOfficial Revolutionize real-world tokenized assets with $1 billion deal.#MANTRA AND #DAMAC The Group will collaborate to enable token-based financing for a wide range of assets, ranging from real estate, hospitality, data centers,β¦ pic.twitter.com/AblEjLgoWH
β MANTRA | Live Mainnet (@MANTRA_Chain) January 9, 2025
The RWA market is expected to grow exponentially this decade
Turning real-world assets into digital tokens on the blockchain is becoming a major trend around the world. This process, called tokenization, takes real-world assets and converts them into digital tokens that represent ownership. Large institutions and governments are exploring tokenization to speed up transactions, reduce costs, and open up investing to the masses.
This move is perfectly in line with DAMAC’s vision to shake up real estate investment in the Middle East. They are excited to open the doors to fractional ownership β this is a fantastic opportunity for anyone who has felt excluded from high-value assets in the past.
Experts are excited about the potential. According to reports from McKinsey, BCG, 21Shares, and Bernstein, the real-world tokenized asset market could explode to trillions of dollars by the end of this decade. It’s no longer just a buzzword: it’s shaping up to be the future of how we own and invest in things.
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Tokenized properties will be made available in early 2025
In the coming weeks we will find out exactly which DAMAC properties will be tokenized and the details of the offerings. What’s interesting is that these tokenized investments are preparing to launch in early 2025!
The deal opens the door for investors to support DAMAC’s ventures in real estate, hospitality and data centers. Asset tokenization aims to simplify investments by making them more accessible for both everyday investors and large operators.
βThe tokenization of our assets will provide investors with a safe, transparent and convenient way to access a broad range of investment opportunities,β Amira Sajwani, chief executive officer of DAMAC, said in a statement.
Explore: Dubai real estate worth $500 million will be tokenized, MAG Group and Mantra chain join forces
MANTRA makes big moves in the Middle East
MANTRA aims to bring a mix of traditional financial assets to the blockchain world.
Earlier this year, the company announced plans to tokenize $500 million worth of assets from Dubai-based real estate giant MAG Group. This comes right after MANTRA’s mainnet launch in October.
Explore: Dubai Real Estate Worth $500 Million Will Be Tokenized, MAG Group and Mantra Chain Join Forces
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