Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
Mantra signed a $1 billion agreement with Damac Group to enable token-based finance in the Middle East, focusing on tokenizing Damac's extensive asset portfolio across various sectors. The partnership aims to enhance transparency, security, and access to assets on the Mantra blockchain, set to launch early this year. Mantra's CEO highlighted this collaboration as a significant endorsement for RWA tokenization. The UAE's leadership in crypto innovation is emphasized, with expectations that tokenization will become a key trend, allowing institutions to invest in real-world assets without engaging with volatile markets. Predictions indicate that the value of tokenized assets may double by 2025, unlocking liquidity for traditionally nonliquid assets and broadening investment access.
