Mantra, a blockchain designed for tokenized real-world assets (RWAs), has entered into a $1 billion deal with Damac Group, an investment conglomerate, to facilitate token-based finance in the Middle East. Damac, known for its diverse portfolio including real estate, data centers, and hospitality, will utilize Mantra to tokenize its extensive assets. This collaboration aims to introduce blockchain-powered transparency, security, and accessibility to Damac's assets, which will be exclusively available on the Mantra chain soon. The partnership allows Damac to utilize Mantra's RWA-focused blockchain to tokenize its various assets such as real estate, hotels, resorts, manufacturing, and fashion. This strategic move aligns with the goal of making Mantra the preferred ledger for RWAs. The CEO of Mantra, John Mullin, expressed confidence in RWA tokenization, emphasizing the potential for tokenizing a wide range of assets to provide investment opportunities while mitigating risks. Read more AI-generated news on: https://app.chaingpt.org/news

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