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MANTRA and DAMAC Group Sign US$1 Billion Agreement to Tokenize Real-World Assets
Jan 09, 2025•over 1 year ago
Contract Type
agreement
DubaiReal EstateBlockchain
Description
MANTRA and DAMAC Group have signed a US$1 billion agreement to tokenize assets in the Middle East. This collaboration will enable token-based financing for a diverse range of assets within DAMAC Group's extensive portfolio, bringing greater transparency, security, and accessibility to the assets.
Company Information
Company
MANTRA and DAMAC Group
Location
Dubai, Dubai, United Arab Emirates
About
MANTRA is a purpose-built layer 1 blockchain for tokenized real-world assets. DAMAC Group is a prominent investment conglomerate, renowned for its diversified portfolio that spans across key sectors such as real estate development, hospitality, and data centres.
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DubaiReal EstateBlockchain