KEY TAKEAWAYS
- MANTRA partners with DAMAC Group to tokenize real-world assets in the Middle East, enhancing investment opportunities.
- The collaboration focuses on DAMAC’s US$1 billion portfolio, aiming to provide secure and transparent access to diverse investments.
- Assets will be available on MANTRA Chain by 2025, leveraging blockchain for greater transparency and security.
- This partnership marks a significant step in adopting tokenized real-world assets, expanding access for all investor classes.
MANTRA has announced a strategic partnership with DAMAC Group to tokenize real-world assets (RWAs) in the Middle East. DAMAC Group, a prominent real estate development conglomerate in the UAE, is known for its diverse investment portfolio. The collaboration aims to enhance the adoption of RWAs through fractional ownership and tokenization of real estate in the region. The announcement was made here.
Expanding Traditional Real Estate Investment Horizons
The partnership will enable token-based financing for a variety of assets, including real estate, hospitality, data centers, and other critical sectors. Amira Sajwani, Managing Director of Sales & Development at DAMAC, highlighted the company’s commitment to innovation, stating that tokenizing assets will provide investors with a secure and transparent way to access diverse investment opportunities.
The focus will be on DAMAC Group’s extensive portfolio, valued at a minimum of US$1 billion. This initiative seeks to overcome traditional limitations in real estate investment, opening up new opportunities in the Middle East’s property market.
Enhancing Investor Access and Convenience with Blockchain Technology
The DAMAC Group assets are expected to be available in early 2025, exclusively on MANTRA Chain. This move leverages blockchain technology to bring greater transparency, security, and accessibility to DAMAC Group’s assets. John Patrick Mullin, CEO & Co-Founder of MANTRA, described the partnership as an endorsement for the RWA industry, emphasizing the shared ambitions of both companies to bring traditional financing opportunities onchain.
This collaboration represents a significant step forward for the adoption of RWAs, expanding access to investment for all classes of investors. By combining expertise in compliant asset tokenization with DAMAC Group’s track record in diversified investment, the partnership aims to unlock the full potential of tokenized RWAs within the real estate industry.
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