🚀 Mantra (OM), a Layer 1 blockchain platform, is partnering with UAE-based luxury real estate developer MAG to tokenize $500M of its $5B portfolio! This innovative move aims to revolutionize real estate investment by leveraging blockchain technology. 🏗️

The partnership kicks off with the tokenization of Keturah Reserve, a luxury residential project in Dubai. This will introduce a real estate financing vault on Mantra's blockchain, offering investors yield from an alternative asset class backed by the security of blockchain tech.

Investors can earn yield in stablecoins and OM tokens, with an estimated APY of ~8% from stablecoins, further enhanced by OM tokens. The initial vault will be over-collateralized by a $75M mansion in Dubai, ensuring investor protection.

Mantra's mainnet is currently operational and has recently introduced an OM liquidity pool on the Ethereum Layer 2 network Base. This allows users to bridge OM tokens with Base, participate in the Mantra ecosystem, and gain early access to Mantra products launched on the Base platform.

What are your thoughts on real estate tokenization? Let's discuss in the comments! 💬👇