DAMAC Group Plans to Tokenize $1 Billion in Assets in 2025

user avatar

by Giorgi Kostiuk

2 years ago

DAMAC Group and MANTRA have announced plans to tokenize $1 billion in assets by early 2025, an initiative aimed at enhancing investment transparency and security.

DAMAC Group and MANTRA Partnership

UAE's DAMAC Group plans to tokenize $1 billion worth of assets in early 2025, partnering with MANTRA. The collaboration focuses on implementing token-based financing for various assets. The tokenization will take place on MANTRA's blockchain, ensuring transparency, security, and accessibility.

This partnership with DAMAC Group is an endorsement for the RWA industry. We’re thrilled to partner with such a prestigious group and see the incredible opportunities of bringing traditional financing onchain.John Patrick Mullin, CEO of MANTRA

DAMAC Group's US Data Center Investments

Recently, DAMAC Group announced a $20 billion investment in US data centers. The project will cover eight states, including Texas and Arizona. President Donald Trump, at his Florida estate, declared that these data centers would solidify the US's position in the global tech industry.

MANTRA's Previous Tokenization Deals

In July 2024, MANTRA collaborated with MAG Group Holding to tokenize $500 million in assets. MANTRA also signed an MOU with Zand, UAE's AI-enabled digital bank, to streamline the tokenization process.

The collaboration between DAMAC Group and MANTRA highlights the integration of blockchain technology into traditional investment models, paving the way for new opportunities in the financial market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Optimism Releases Maintenance Update v250 for Opreth

Optimism has released Opreth version 250, a maintenance update that removes legacy commands and includes important security patches.

user avatarKofi Adjeman

Optimism Releases Maintenance Update for Rust-based Faultproof Stack

Optimism has announced a substantial maintenance release for its Rust-based faultproof stack, known as Kona host v180, which was published on October 1. This update is recommended for all chains and focuses on ensuring that two pieces of verification software derive the same answers from the same chain data.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.