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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 EstateBlockchainDescription
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.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months