Techub News reported that according to CoinDesk, the Layer 1 blockchain Mantra, which focuses on RWA, will tokenize assets worth $500 million of Dubai-based real estate developer MAG Group. Mantra will tokenize these assets in batches. Investors will receive returns through stablecoins and Mantra's OM tokens, and the specific details are still under discussion.

In March this year, Mantra founder John Patrick Mullin said that the company was in the final stages of obtaining a license from Dubai's cryptocurrency regulator VARA.