According to Odaily, Mantra Chain has announced plans to tokenize assets worth $500 million from Dubai real estate developer MAG Group. Mantra, which primarily focuses on Middle Eastern operations, will divide these assets into several batches. The first batch will include a residential project, Keturah Reserve, constructed by MAG in Dubai's Meydan. It will also feature a luxury mansion from the 'The Ritz-Carlton Residences, Dubai, Creekside' development project, valued at $75 million.
Investors are expected to earn profits through stablecoins and Mantra's OM tokens. The projected return from the stablecoins is estimated at 8%, with additional earnings from OM tokens. This move by Mantra Chain represents a significant step in the tokenization of real estate assets, particularly in the Middle East region.