Dubai's DAMAC Properties Signs $1 Billion Deal With MANTRA Blockchain
The layer-1 blockchain MANTRA has signed a $1 billion deal with Dubai’s property giant DAMAC Group. The agreement with the UAE’s property conglomerate aims to revolutionize tokenized real-world assets and usher into a new era in the real estate sector. Blockchain technology is extensively being used to extend services in diverse sectors across the UAE. Also Read: Indian Rupee Can Drop to 90-92 Levels Against the US Dollar in 2025 The MANTRA blockchain leveraged the demand and will enable token-based financing for a diverse range of assets within DAMAC Group’s extensive portfolio of companies, with a minimum value of $1 billion. The DAMAC Group assets will be available in early 2025 on the MANTRA blockchain. MANTRA blockchain will be the preferred ledger of records for the real-world assets in DAMAC and redefine the property sector. Tokenizing the assets will provide investors with a secure, transparent, and convenient way of accessing a wide range of investment opportunities...