MANTRA, Layer-1 blockchain, has signed a deal with the UAE’s DAMAC Group to launch $1 billion of real-world assets (RWA). This new partnership defines a milestone in applying blockchain services assimilated with conventional asset management services in the Middle East.
The partnership launched on Thursday shows that DAMAC Group is serious about innovation with blockchain technology. DAMAC is now developing a long-term partnership with MANTRA’s blockchain to implement its goals, hoping to bring token-based financing solutions for all assets, including real estate, hospitality, and data centers.
‘By joining MANTRA, it is a logical progression to further NAS,’ DA MAC’s Managing Director for Sales & Development Amira Sajwani added. “Through tokenization, we shall be able to offer our investors an easy, secure, and clear way through which they can invest in different ventures.”
DAMAC launched crypto-friendly in 2022 and is advancing other digital asset ventures through tokenization. It is a step towards better regulation and allowing investors a better view of its tokenized offerings across the portfolio.
🕉️🚨𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: MANTRA and DAMAC Group @DAMACOfficial Revolutionize Tokenized Real-World Assets with US$1 Billion Deal.#MANTRA and #DAMAC Group will collaborate to enable token-based financing for a diverse range of assets, spanning real estate, hospitality, data centers,… pic.twitter.com/AblEjLgoWH
— MANTRA | Mainnet Live (@MANTRA_Chain) January 9, 2025
MANTRA Mainnet Powers Secure RWA Tokenization And Compliance
MANTRA completed the launch of its Mainnet in October 2024, whose primary function is to provide the tokenization of RWAs from the on-chain. It has increased the technological modules of the blockchain and compliance mechanisms, as well as improved the cross-chain interaction, making it a reliable central for RWA developers.
⛓️Mantra Chain mainnet will comprise “customisable suite of tools” built with regulatory compliance and network security.#MANTRA #Layer1Blockchain #RWAhttps://t.co/h3ZuLGOxb2
— Cryptonews.com (@cryptonews) October 23, 2024
CEO John Patrick Mullin added that MANTRA’s partnership with DAMAC Group showcases the increasing opportunities in the RWA industry. “Thus, with ‘real-world assets,’ as we take them on-chain, OnG enables more secure, transparent, and efficient financial systems.”
The blockchain used by MANTRA has been designed to allow for regulations as regulatory compliance mechanisms are integrated into the protocol. This approach helps in the safe integration of RWAs into the blockchain systems, making ATI a market leader.
They are entering into a partnership with the RWA market, which is on the rise. For Boston Consulting Group, the market could reach $16 trillion by 2030. Larry Fink, the CEO of BlackRock, has said that tokenization is “the next generation of markets” to drive continuous change.
This partnership not only establishes DAMAC Group as a trailblazer in a new wave of adopting blockchain technology but also secures MANTRA as one of the key market players in the rapidly growing RWA tokenization space. Comprising the most advanced blockchain and highly compliant approach, the partnership is poised to redefine asset management across the Middle East.
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