MANTRA has recently announced a strategic partnership with MAG, a renowned developer in the UAE real estate sector with assets valued at over US$5 billion. This collaboration is set to revolutionize real estate investment by utilizing blockchain technology to make premium Dubai properties more accessible.

Revolutionizing Real Estate Investment with Blockchain Tokenization

This alliance marks a significant milestone for both MANTRA and MAG. MANTRA's robust blockchain infrastructure will serve as a secure and transparent platform for tokenization, while MAG will contribute its expertise and extensive real estate portfolio in the UAE.

The initial focus will be on Keturah Reserve, a luxury residential project in Dubai's Meydan district. Investors will have the opportunity to invest in this asset class using a secure vault product, providing a lucrative yield backed by blockchain technology.

Talal Moafaq Al Gaddah, the CEO of MAG Lifestyle Development, expressed his excitement about the collaboration, stating that integrating innovative blockchain technology will enhance the value and accessibility of their real estate offerings.

Secure and Transparent Investment Opportunities

The tokenization of real estate projects will be structured into multiple tranches, totaling US$500 million. This partnership opens up distinctive investment avenues in the Middle Eastern market, positioning MANTRA and MAG as key players in the region.

John Patrick Mullin, the CEO and Co-Founder of MANTRA, emphasized the significance of partnering with MAG to bridge blockchain technology with tangible assets in the Middle East. This collaboration promises to establish new benchmarks in real estate tokenization, granting global investors access to prime real estate assets in the UAE.

Investors engaging in the vault product will benefit from an attractive reward system, anticipating an estimated 8% APY from stablecoins, supplemented by MANTRA's native token, $OM.

To bolster investor protection, the initial vault will be backed by a US$75 million mega mansion at the Keturah Resort's "The Ritz-Carlton Residences, Dubai, Creekside". Additionally, MAG's strong corporate creditworthiness will provide investors with added security.

Embracing an Inclusive Financial Future

Through the collaboration of MANTRA's secure blockchain technology with MAG's established presence in the UAE real estate domain, this partnership aims to maximize the potential of RWA compliance in the Middle East and beyond. This endeavor sets the stage for a more inclusive and efficient financial future, widening access to traditional and innovative investment opportunities.

Further Development: MANTRA's Partnership with Zand Bank

In a recent development on June 6, 2024, MANTRA signed a Memorandum of Understanding with Zand Bank to strengthen the UAE's digital asset ecosystem. This strategic alliance is dedicated to developing robust regulatory frameworks to facilitate the adoption of compliant Real World Assets (RWAs) in the region. It underscores MANTRA's dedication to advancing the digital asset sphere through strategic collaborations and regulatory adherence.