• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

4 months 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.

0

Share

Other news

SUI and Polkadot Prices Continue to Climb while Unstaked Draws Interest

SUI and Polkadot prices show positive signs as Unstaked project gains attention for its AI offerings.

user avatarGiorgi Kostiuk

6 minutes ago

Cryptocurrency Market: BlockDAG Launches, Tron Grows, Hyperliquid Thrives

Overview of cryptocurrency news including BlockDAG launch, Tron trading activity, and Hyperliquid success.

user avatarGiorgi Kostiuk

6 minutes ago

BTFD Coin Climbing Beyond $7M — An Overview of Top 4 New Meme Coins

BTFD Coin reaches new heights; learn about 4 upcoming meme coins: BOME, BABYDOGE, and more.

user avatarGiorgi Kostiuk

31 minutes ago

Alchemy Strengthens Solana Presence with Key Acquisition of DexterLab

Alchemy expands its blockchain services by acquiring DexterLab, enhancing its capabilities within the Solana ecosystem.

user avatarGiorgi Kostiuk

31 minutes ago

Notcoin: Success of a Memecoin and Its Market Prospects

Notcoin has become a viral memecoin in the TON ecosystem, demonstrating significant activity and popularity growth. Discover the details of its achievements and future.

user avatarGiorgi Kostiuk

32 minutes ago

Ethereum Surges: What to Expect from Cardano and Lightchain AI

Ethereum shows a 30% rise, creating new opportunities in the crypto market. We examine the potential of Cardano and Lightchain AI.

user avatarGiorgi Kostiuk

33 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.