Mantra Chain is set to tokenize $500 million worth of assets for the Dubai-based real estate developer MAG Group. This Middle East-centric project will see the assets tokenized in multiple stages.

The initial stage will feature the Keturah Reserve residential project by MAG, located in Meydan, Dubai. Additionally, it will include a $75 million mega mansion at The Ritz-Carlton Residences, which is part of the Keturah Resort.

Investors will earn revenue through Stablecoins and the OM Mantra token, with an expected return of 8% from the stablecoins plus additional OM tokens. The specifics regarding which stablecoin will be used and the exact amount of OM tokens allocated are still under discussion between MAG and Mantra.

In March 2024, Mantra secured $11 million for real asset tokenization and was in the process of obtaining a VARA license in the UAE. Currently, the OM native token is trading at 0.76 cents, after previously reaching an all-time high of over $1, according to CoinMarketCap. $MANTA $OM $BETA

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