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

by Giorgi Kostiuk

a year 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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Farside Investors Emphasizes Strict Editorial Standards

Farside Investors has released a report that emphasizes its commitment to a strict editorial policy focused on accuracy, relevance, and impartiality.

Nguyen Van Long2 hours ago

Meta is Set to Launch a New Prediction Market App Named 'Arena'

Meta is reportedly developing a new app called Arena that will allow users to make predictions on events using points instead of real-world cash.

Jesper Sørensen4 hours ago

Meta's Previous Ventures into Crypto and Prediction Markets

Meta has a history of engaging with crypto technologies, including its previous attempt at a prediction market with the Forecast app, which was launched in 2020 and shelved in 2022.

Satoshi Nakamura4 hours ago

TurboFlow Secures $6 Million Seed Funding from Pantera Capital

TurboFlow has successfully raised $6 million in a seed funding round led by Pantera Capital, indicating strong investor interest in platforms that integrate prediction markets and trading infrastructure.