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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

MEXC's Tokenized Stocks and ETFs Experience 30% Growth

chest

MEXC reported a 30% month-on-month increase in spot trading volume for tokenized stocks and ETFs, reflecting broad-based growth.

user avatarKofi Adjeman

MEXC Reports Significant Growth in August Trading Data

chest

MEXC reports significant growth in trading volumes across various asset classes in August 2026, with a 130% month-on-month increase in stock, index, and ETF Futures.

user avatarTando Nkube

TRON DAO Enhances MetaMask Connectivity for Users

chest

TRON DAO announces enhanced MetaMask connectivity for various dApps, improving user interaction within the TRON ecosystem.

user avatarNguyen Van Long

MetaMask Connectivity Now Supported by Leading TRON dApps

chest

Four major decentralized applications in the TRON ecosystem have integrated MetaMask connectivity, enhancing user access to on-chain finance.

user avatarSatoshi Nakamura

AI Researchers Reduce Quantum Attack Resource Benchmark by 86 Times

chest

Researchers have reduced the computing resources needed for a potential quantum attack on Bitcoin and Ethereum by 86 times.

user avatarJesper Sørensen

Regulators Urge Faster Cybersecurity Measures in Banking Sector

chest

Regulatory bodies are urging banks to adopt quicker patching and incident response strategies to combat evolving cyber threats.

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.