Just as we thought investments in crypto and blockchain technologies couldn’t be bigger, DAMAC & MANTRA seem to have raised the bar.
Think of MANTRA as a powerful layer 1 blockchain that brings real-world assets to life through tokenization.
During a press conference dated 9th 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 to the blockchain rails.
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 UAE’s crypto hub goals. Its collaboration with MANTRA further advances its blockchain adoption and regional investment opportunities.
ππ₯πππππ‘π: MANTRA and DAMAC Group @DAMACOOfficiel Revolutionize real-world tokenized assets with a billion US dollar deal.#MANTRA And #DAMAC The group will collaborate to enable token-based financing for a diverse range of assets, spanning real estate, hospitality, data centers,β¦ pic.twitter.com/AblEjLgoWH
-MANTRA | Main Network Live (@MANTRA_Chain) January 9, 2025
ππ₯πππππ‘π: MANTRA and DAMAC Group RWA market expected to grow exponentially this decade
Transforming real-world assets into digital tokens on blockchain is becoming a major trend worldwide. 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 investments to the general public.
This decision fits perfectly with DAMAC’s vision to disrupt real estate investment in the Middle East. They are excited to open the doors to fractional ownership: 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 market for real-world tokenized assets could explode to billions 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.
Explore: Best RWA Projects: Real-World Asset Cryptos to Watch!
Tokenized properties will be available in early 2025
In the coming weeks, we will know exactly which DAMAC properties will be tokenized and the details of the offerings. Interestingly, these token investments are expected to launch in early 2025!
The agreement opens the door for investors to support DAMAC’s projects in real estate, hospitality and data centers. Asset tokenization aims to simplify investing while making it more accessible to both ordinary investors and large players.
βTokenizing our assets will provide investors with a secure, transparent and convenient way to access a wide range of investment opportunities,β Amira Sajwani, chief executive officer of DAMAC, said in a statement.
Explore: Dubai Real Estate Worth $500 Million To Be Tokenized, MAG Group and Mantra Channel Join Forces
MANTRA makes big moves in the Middle East
MANTRA aims to introduce a mix of traditional financial assets into the blockchain world.
Earlier this year, the company announced plans to tokenize $500 million in assets from Dubai-based real estate giant MAG Group. This follows MANTRAβs mainnet launch in October.
Explore: Dubai real estate worth $500 million will be tokenized, MAG Group and Mantra chain join forces
The article MANTRA Blockchain x DAMAC: $1 Billion in Real-World Assets About to Go Digital appeared first on 99Bitcoins.
