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MANTRA and DAMAC Group to Tokenize $1 Billion in UAE Real Estate, Hospitality, and Data Centers Starting Early 2025

MANTRA, a blockchain platform focused on real-world assets (RWAs), has entered into a $1 billion deal with Dubai-based property conglomerate DAMAC Group to tokenize at least $1 billion of the firm's assets in the UAE
By: DeepNewz • January 09, 2025
MANTRA and DAMAC Group to Tokenize $1 Billion in UAE Real Estate, Hospitality, and Data Centers Starting Early 2025

MANTRA, a blockchain platform focused on real-world assets (RWAs), has entered into a $1 billion deal with Dubai-based property conglomerate DAMAC Group to tokenize at least $1 billion of the firm's assets in the UAE.

The agreement aims to enable token-based financing for DAMAC's portfolio companies, which span across real estate, hospitality, and data centers. This partnership is set to enhance investment accessibility and streamline processes, with the tokenization of these assets expected to begin in early 2025, marking a significant step in the adoption of blockchain technology in the UAE's real estate sector.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

RWA

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