Mantra and developer company Damac launched the process of asset tokenization for $ 1 billion
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Johny Smith
2025/01/26
3 mins read
Mantra blockchain management signed an agreement with the largest development group of the UAE Damac. Within the framework of the contract, the organization will deal with the tokenization of real assets (RWA) in the amount of at least $ 1 billion. This will allow investors to access Damac projects, including real estate, hotel business and date centers.
The process involves the translation of traditional assets, such as securities and so on, into a digital form on the blockchain. This makes investments more affordable and transparent for both institutional and retail market participants. It is expected that the first offers will be available already in the 1st quarter of 2025.
According to Damac CEO, tokenization will accelerate investment processes and make them more convenient. It will also provide access to a wide range of assets with a high level of security. According to him, this market is developing rapidly. According to experts from McKinsey and BCG, its volume can reach trillion dollars in the coming years. In the UAE, this process is especially relevant thanks to the desire of the region to become a leader in cryptocurrencies and blockchain technologies.
Earlier in 2022, Damac began to take cryptocurrencies, including bitcoin and ether, as a payment product. This step has become part of the company’s general strategy for the introduction of innovative technologies. Mantra, which launched the main blockchain in October, previously tocenize $ 500 million in assets of another Dubai company, Mag Group.
Over the past 3 months, the market capitalization of OM token has increased by almost 200%, which indicates a growing trust in the ecosystem.
Experts believe that such projects as DAMAC assets tokenization will strengthen the Positions of the UAE as a leader in blockchain-innovations. It will also create new opportunities for global investors interested in accessible and transparent tools.
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