MANTRA, a globally recognized blockchain platform, announced its billion-dollar partnership with investment holding company DAMAC. The partnership aims at integrating various assets from DAMAC’s diversified portfolio into the MANTRA blockchain.
Strategic Partnership Between MANTRA and DAMAC
According to the agreement, by the first quarter of 2025, all DAMAC Group’s assets will be tokenized and traded exclusively on the MANTRA Chain. This highlights a new approach to applying blockchain in traditional asset management.
Goals and Expectations of the Collaboration
MANTRA Chain, launched in October 2024, will serve as the platform for these tokenized assets. The collaboration aims to create a secure blockchain-based ecosystem for DAMAC’s investments, opening up new financing opportunities.
Impact on Finance and Technology
John Patrick Mullin, CEO and co-founder of MANTRA, highlighted the significance of the partnership for the RWA industry. Amira Sajwani from DAMAC emphasized the group's commitment to utilizing emerging technologies, accelerating transformations in traditional finance.
This deal underscores the growing importance of blockchain technologies in transforming traditional financial practices. Both partners aim to revolutionize investment access and management.
