MANTRA and DAMAC Group reached a $1 billion strategic cooperation, and exclusively launched RWA asset tokenization such as real estate earlier this year
西格玛学长2025/02/17 05:12
Recently, official news showed that MANTRA and the well-known Middle Eastern multinational group DAMAC announced a strategic cooperation with a scale of $1 billion. The two parties will jointly promote the tokenization financing of physical assets such as real estate, hotels, and data centers. According to the agreement, DAMAC's assets will be exclusively listed on MANTRA Chain in early 2025, using blockchain technology to enhance asset transparency and investment accessibility.
Amira Sajwani, Managing Director of Sales and Development at DAMAC, stated that tokenization technology will provide its investors with a "secure, transparent, and convenient" new Asset Allocation channel, which is a key step for the group to explore innovative solutions. John Patrick Mullin, co-founder and CEO of MANTRA, pointed out that this cooperation marks the recognition of traditional financial giants on the real-world asset (RWA) track on the chain, and the goal of both parties is to introduce trillion-level traditional financing needs into the chain ecosystem.
The asset types covered in the first phase of this cooperation include high-end real estate, hotels, and infrastructure projects held by DAMAC in the Middle East and globally. Investors can participate in compliance token investment through MANTRA Chain. This move may push the RWA track from "Proof of Concept" to large-scale landing, accelerating the integration process of traditional assets and DeFi.
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