- MANTRA and DAMAC Group have entered into a $1 billion partnership to tokenize DAMAC’s diverse portfolio of real-world assets.
- Starting in early 2025, DAMAC tokenized assets will be available exclusively on MANTRA Chain, leveraging its interoperable and compliance-ready blockchain infrastructure.
MANTRAa Layer 1 blockchain specializing in tokenized real-world assets (RWA), has signed a billion-dollar deal with DAMAC Group. This partnership aims to tokenize a wide range of assets within the DAMAC Group’s diversified portfolio.
Bridging the gap between traditional assets and Blockchain
With a minimum asset value of $1 billion planned for tokenization, the collaboration signals a bold step toward leveraging blockchain technology to improve transparency, security and accessibility in asset management. Starting in early 2025, these tokenized assets will reside exclusively on MANTRA Chain, the recently launched blockchain mainnet.
“This partnership with DAMAC Group is an endorsement for the RWA industry,” MANTRA CEO John Patrick Mullin said in a press release shared with AlexaBlockchain.
“We are delighted to partner with such a prestigious group of leaders who share our ambitions and see the incredible opportunities in bringing traditional financing opportunities to the chain,” added John.
For DAMAC, a conglomerate with operations spanning real estate, hospitality and data centers, the decision to tokenize assets aligns with its long-standing commitment to innovation.
“Partnering with MANTRA is a natural extension of our commitment to innovation and forward-thinking solutions. Tokenization of our assets will provide investors with a secure, transparent and convenient way to access a wide range of investment opportunities,” said Amira Sajwani, Managing Director of Sales and Development at DAMAC.
The strategic importance of the Middle East
This partnership comes at a critical time for the Middle East, a region rapidly embracing innovation in blockchain and digital assets. Dubai and Abu Dhabi have positioned themselves as global hubs for blockchain development, offering regulatory frameworks that attract companies such as MANTRA and DAMAC.
The Middle East’s digital transformation has been driven by a push towards diversification beyond oil revenues. Blockchain technology, including tokenized RWAs, offers an important opportunity for governments and private companies to improve capital efficiency and democratize access to investments.
DAMAC Global Wallet Tokenization
DAMAC’s extensive portfolio is an attractive candidate for tokenization. From its iconic DAMAC Towers Nine Elms in London to luxury resorts in the Maldives, the group’s assets span real estate, hospitality and even high-end fashion through its acquisitions of Roberto Cavalli and GRISOGONO. Tokenization will enable fractional ownership of these high-value assets, providing investors with opportunities that were previously unattainable.
The planned asset inclusion of EDGNEX data centers, DAMAC’s digital infrastructure subsidiary, adds another layer of appeal. As data centers become increasingly critical in the global digital economy, the tokenization of these assets could attract tech-savvy investors seeking exposure to this booming sector.
MANTRA Vision and Technology
Launched in October, MANTRA Chain is designed to meet the unique needs of RWA tokenization. Blockchain’s compliance-ready infrastructure supports seamless integration with real-world regulatory frameworks. Its advanced modules and cross-chain interoperability position it as a leader in the growing tokenized asset space.
MANTRA’s focus on permissionless access ensures that developers and institutions can participate in the ecosystem without unnecessary barriers. This openness is a key differentiator as the blockchain landscape evolves to accommodate institutional adoption.
The rise of asset tokenization in the real world
RWA tokenization has become one of the most promising applications of blockchain technology. By converting tangible assets into digital tokens, companies can unlock liquidity, reduce transaction costs, and expand access to investments.
According to a report by Boston Consulting Group, the tokenized asset market is projected to reach $16 trillion by 2030, driven by advances in blockchain infrastructure and growing institutional interest. Associations such as MANTRA and DAMAC exemplify this trend and demonstrate how blockchain can be used to modernize asset management on a global scale.
Challenges and opportunities
While the potential benefits of tokenization are enormous, challenges remain. Regulatory compliance, especially in jurisdictions with evolving digital asset laws, is a critical consideration. MANTRA’s compliance mechanisms address this issue, but the industry as a whole must navigate complex legal landscapes.
Additionally, it will be crucial to educate traditional investors about the value of tokenized assets. Many still view the blockchain with skepticism, associating it with volatile cryptocurrencies rather than stable, regulated financial products.
The billion-dollar partnership between MANTRA and DAMAC Group represents a major milestone in the integration of blockchain technology with traditional finance. By bringing DAMAC’s extensive portfolio of real-world assets to the blockchain, the collaboration not only improves accessibility and transparency, but also positions the Middle East as a global leader in digital asset innovation.
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