MANTRA Partners with DAMAC Group to Tokenize $1 Billion in RealWorld Assets in the Middle East
To tokenise at least $1 billion worth of assets in the Middle East, MANTRA, a blockchain platform specialising in realworld assets RWAs, has teamed up
To tokenise at least $1 billion worth of assets in the Middle East, MANTRA, a blockchain platform specialising in realworld assets RWAs, has teamed up with Dubais DAMAC Group. This partnership allows RWA ownership rights to be transformed into blockchainbased digital tokens, facilitating online ownership and trading. One of Dubais most prominent developers, DAMAC, invests significantly in data centres worldwide. The business will list its Middle Eastern assets early this year on the MANTRA chain. In the past, MANTRA and MAG Property Development collaborated to tokenise $500 million worth of real estate assets, beginning with a Dubai residential property. This project supports the UAEs goal of becoming a global centre for cryptocurrencies and digital assets.
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B2B Tech News | 3 months ago