DeFi News Daily Official TheBitTimes.com

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...

The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized. Investment bank Citi is betting on the blockchain-based tokenization of real-world assets to become the next “killer use case” in crypto, with the firm forecasting the market to reach between $4 trillion to $5 trillion by 2030. That would mark an 80-fold increase from the current value of real-world assets locked on blockchains, Citi explained in its “Money, Tokens and Games” March report. “We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of distributed ledger technology (DLT)-based trade finance volumes by 2030,” the firm's analysts said. Of the up to $5 trillion tokenized, the bank estimates $1.9 trillion will come in the form of debt, $1.5 trillion from real estate, $0.7 trillion from private equity and venture capital and between $0.5-1 trillion from securities. Blockchain-based tokenization total ...