Mantra, a blockchain platform focused on real-world assets (RWA), has joined forces with DAMAC Properties, a prominent real estate developer in the United Arab Emirates (UAE), to tokenize $1 billion worth of DAMAC Properties assets, as reported by CoinDesk. As part of this partnership, DAMAC Properties' assets will be tokenized using Mantra's blockchain infrastructure, providing investors with a new avenue to access and invest in the UAE's real estate market. This collaboration highlights the growing adoption of blockchain technology in the real estate sector, aiming to enhance transparency, liquidity, and efficiency in property ownership and transactions.