Oct Logo
Search Icon
Oct Logo
Search Icon
Bitcoin iconETH
$0000
arrow icon0.61%
$OM Joins the Top 30 as Dubai’s DAMAC Partners with MANTRA

$OM Joins the Top 30 as Dubai’s DAMAC Partners with MANTRA

Dubai’s real estate powerhouse DAMAC Group has teamed up with MANTRA Chain to tokenize $1 billion worth of assets

Image of Chirag SharmaChirag SharmaNews

Jan 30, 2025

Written By Chirag Sharma

Author: Chirag Sharma

Written On: Thu, 30 Jan 2025 20:38:22 GMT

Dubai’s real estate powerhouse DAMAC Group has teamed up with MANTRA Chain to tokenize $1 billion worth of assets, marking a historic milestone in Real-World Asset (RWA) tokenization. This game-changing deal is set to redefine real estate investment by merging traditional finance with blockchain technology.


What’s Happening?

  • $1B Tokenization Initiative: DAMAC will convert real estate, hospitality ventures, and data centers into digital assets on the MANTRA Chain.
  • Exclusive Access on MANTRA Chain: Tokenized assets will be available by early 2025, providing investors secure and transparent ownership opportunities.
  • Major Endorsement for RWA Sector: MANTRA CEO John Patrick Mullin emphasized how this move validates blockchain’s role in real-world asset financing.

Market Impact & $OM Surge

$OM Hits Top 30

  • MANTRA’s native token, $OM, skyrocketed in market cap to $5.6 billion, solidifying its position as a leading asset tokenization platform.

A New Era for Real Estate

  • Tokenization increases liquidity and broadens investment access, making high-value properties available to a global audience.
  • Fractional ownership allows smaller investors to participate in multi-million-dollar real estate deals.

Setting a Global Precedent

  • Following a $500M MAG Group deal, this partnership strengthens blockchain’s role in real-world investments.
  • If successful, it could inspire more institutional adoption, bridging the gap between crypto and traditional finance.

Final Thoughts

The DAMAC-MANTRA partnership signals a massive leap forward for asset tokenization. If this model succeeds, real estate and traditional assets could become a key pillar of blockchain adoption. This could be just the beginning of a multi-trillion-dollar market transformation.

Trusted

Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.

In this article

What’s Happening?

Market Impact & $OM Surge

Final Thoughts

Hero Image
Share with your community!
FacebookXLinkedIn
Hero Image
Share with your community!
FacebookXLinkedIn

Related reads