MANTRA, a globally recognized blockchain platform that focuses on real-world assets (RWAs), has integrated with the DAMAC Groups. To proceed, they have signed a historic US$1 billion deal with the renowned investment holding company. This partnership is aimed at integrating numerous types of assets to MANTRA Blockchain from DAMAC’s diversified portfolio, including real estate, hospitality, and data centres.
𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: MANTRA and DAMAC Group @DAMACOfficial Revolutionize Tokenized Real-World Assets with US$1 Billion Deal.#MANTRA and #DAMAC Group will collaborate to enable token-based financing for a diverse range of assets, spanning real estate, hospitality, data centers,… pic.twitter.com/AblEjLgoWH
— MANTRA | Mainnet Live (@MANTRA_Chain) January 9, 2025
MANTRA Expands Access to Tokenized Investments
According to the agreement, by the first quarter of 2025, all DAMAC Group’s assets will be tokenized and will only be traded on the MANTRA Chain. This issue points to a new approach in applying the principles of blockchain in the management of traditional assets, thus accelerating the possibility of protecting the interests of investors.
MANTRA Chain, which launched its mainnet in October 2024, will serve as the platform for these tokenized assets. The collaboration aims to create a secure, blockchain-based ecosystem for DAMAC’s investments, opening doors for new financing opportunities. By utilizing MANTRA’s blockchain infrastructure, investors can access a diverse range of tokenized assets seamlessly and efficiently.
A Commitment to Innovation and Blockchain Technology
RWA CEO and Co-Founder of MANTRA, John Patrick Mullin, said the partnership was a great boost to the entire RWA industry. He spoke excitedly about the possibility of working with a company like DAMAC to integrate traditional financing use cases on-chain.
Amira Sajwani, Managing Director of Sales & Development at DAMAC, highlighted the group’s commitment to leveraging emerging technologies. According to Sajwani, tokenizing DAMAC’s assets aligns with the company’s goal of enhancing its product offerings through innovation. The partnership provides a secure and transparent method for investors to explore various opportunities in sectors integral to DAMAC’s portfolio.
This partnership highlights the increasing importance of blockchain technology in reshaping conventional finance. Both organizations expect to revolutionize investment access and management by tokenizing real-world assets, thereby continuing the Middle East’s dominance in blockchain developments.
