Actual-world tokenized property platform MANTRA has struck a notable $1 billion take care of DAMAC Group, one of many Center East's main funding conglomerates.
January 9, the L1 blockchain announcement that it had sealed a billion-dollar deal in a collaboration that may see the companions tokenize property within the area. The DAMAC Group's enterprise actions embrace actual property, accommodations and knowledge facilities, amongst others. MANTRA is a real-world asset blockchain and cryptocurrency platform.
MANTRA envisions a billion-dollar tokenized RWA market
MANTRA and DAMAC Group will work collectively to supply token-based financing to a number of of the group's property. The partnership targets a tokenization marketing campaign of a minimal of $1 billion. DAMAC Group’s portfolio property will go dwell on MANTRA Chain in early 2025.
“This partnership with the DAMAC group is a assist for the RWA trade. We’re thrilled to accomplice with such a prestigious group of leaders who share our ambitions and see the unbelievable alternatives supplied by bringing conventional funding alternatives to the chain,” John Patrick Mullin, CEO of MANTRA stated in a press release.
Amira Sajwani, Normal Supervisor of Gross sales and Growth at DAMAC, added that the partnership will present traders with entry to funding alternatives benefiting from safety, transparency and comfort.
MANTRA's mainnet went dwell in October, with the L1 community seeing notable integrations as conventional finance and decentralized finance gamers undertake its blockchain know-how.
The platform recorded vital milestones for its native token OM with main listings on exchanges. Mantra has additionally reached growth milestones with bridge, staking and swap and liquidity swimming pools.
