MANTRA and DAMAC Group Enter $1 Billion Asset Tokenization Partnership

MANTRA has partnered with DAMAC Group to tokenize a $1 billion portfolio of assets, marking a significant development in the blockchain integration within the Middle East. This collaboration aims to enhance investment opportunities through secure and transparent platforms.

DAMAC is known for its ventures in real estate, hospitality, and luxury sectors.
Tokenized assets will be available on MANTRA Chain by early 2025.
This partnership follows MANTRA's Mainnet launch in October.
Cross-chain interoperability and compliance measures are integral to MANTRA’s strategy.

Previous milestones include securing $11 million in March 2024 and a partnership with MAG to tokenize $500 million worth of assets in July 2024. DAMAC’s global presence spans multiple continents, enhancing the potential impact of this collaboration.