📢Good news! Mantra Chain recently announced that it will tokenize $500 million worth of assets of Dubai real estate developer MAG Group. 🏦💰
Mantra Chain, focusing on the Middle East business, tokenized these assets in multiple batches. The first batch includes Keturah Reserve, a residential project built by MAG in Meydan, Dubai, and a giant mansion in the $75 million Dubai Ritz-Carlton Residences development. 🏗️🏙️
Investors will receive income through stablecoins and Mantra's OM tokens. It is expected to receive an 8% yield from stablecoins and receive additional OM tokens. 💰💹
This is an important milestone, marking a further deepening of the application of blockchain technology in the real estate sector. This is undoubtedly exciting news for Bitcoin optimists! 🎉🎉