UAE real estate giant DAMAC Group has reached an agreement with Layer 1 blockchain project MANTRA to tokenize at least $1 billion in assets by early 2025. DAMAC Group's assets cover areas such as real estate development, hotel management, and data centers. Once tokenized, they will provide retail and institutional investors with a more transparent and efficient investment pathway. Specific details regarding the assets and tokenization plans are expected to be announced in the coming weeks. Previously, MANTRA collaborated with Dubai real estate developer MAG Group to tokenize $500 million in assets and is committed to promoting the on-chain presence of traditional assets in the Middle East. (CoinDesk)