MANTRA to Tokenize $1 Billion Worth of DAMAC Group Assets in 2025

Source Beincrypto

MANTRA plans to tokenize over $1 billion of DAMAC Group’s assets starting in early 2025, according to an announcement made on Thursday. 

DAMAC Group, led by UAE-based Hussain Sajwani, operates a multi-billion-dollar conglomerate with interests in real estate, hospitality, and data centers.

MANTRA Takes a Major Step in RWA Tokenization

DAMAC began accepting cryptocurrency payments in 2022 and is now moving towards blockchain-based asset tokenization. The initiative will allow investors to access DAMAC’s diverse portfolio, including real estate developments and other ventures, through digital tokens. 

This approach aims to simplify investment processes and expand opportunities for retail and institutional participants. Details on the specific properties and tokenized offerings will be revealed in the coming weeks. The offerings are scheduled to launch in early 2025.

“This partnership with DAMAC Group is an endorsement for the RWA industry. We’re thrilled to partner with such a prestigious group of leaders that share our ambitions and see the incredible opportunities of bringing traditional financing opportunities onchain.” said MANTRA CEO John Patrick Mullin. 

MANTRA launched its mainnet in October. Since then, its native token, OM, has seen a significant rise in market cap. The token rallied by 200% in the past three months to $3.6 billion, recording an all-time high in December. 

DAMAC’s partnership with MANTRA represents a growing shift towards blockchain-powered investment models, which promise to reshape traditional markets by improving efficiency and accessibility for investors globally.

MANTRA OM Price RWA tokenizationOM Three-Month Price Chart. Source: TradingView

Growing Interest in Real-World Asset Tokenization

Tokenization involves converting traditional assets like real estate, securities, and commodities into blockchain-based digital tokens representing ownership. 

This process is gaining traction globally due to its potential to improve settlement speeds and broaden access for investors. Reports estimate that the market for tokenized real-world assets could reach trillions of dollars by the end of the decade.

The sector saw significant activity throughout 2024. BlackRock launched its BUIDL tokenized fund in March. It has since expanded across five major blockchains, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon. 

The fund provides on-chain yield, flexible custody, and integration features. Several projects, such as Ethena and Frax, have already launched stablecoins backed by this fund. 

Also, Tether has advanced its tokenization strategy, preparing to launch Hadron, a platform for RWA tokenization. Starting in February 2025, Hadron will provide a full user interface and API support for institutional use. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Elon Musk is doing nothing to stop Tesla’s downfallTesla sales are collapsing worldwide, and Musk’s chaotic leadership and focus on political power plays are doing nothing to stop the downfall. The start of 2025 has been troubling, particularly in Europe, where Tesla saw a 45% drop in new registrations in January compared to the same period in 2024, with further declines in February. […]
Author  Cryptopolitan
Mar 24, Mon
Tesla sales are collapsing worldwide, and Musk’s chaotic leadership and focus on political power plays are doing nothing to stop the downfall. The start of 2025 has been troubling, particularly in Europe, where Tesla saw a 45% drop in new registrations in January compared to the same period in 2024, with further declines in February. […]
placeholder
Nvidia stock sinks 4% as Trump’s tariff plans rattle AI tradeNvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
Author  NewsBTC
Yesterday 01: 15
Nvidia shares fell over 4% early Monday after US President Donald Trump delivered a stern message about trade tariffs. Trump said on Sunday that no country would be given any special treatment regarding tariffs. He also signed new trade policies into effect on April 2, which he calls “Liberation Day.” This frightened investors, who had […]
placeholder
XRP Price Set For ‘Hot’ April With Low Fibonacci Levels And High $5-$8 TargetThe past 24 hours have been challenging for XRP holders. A sharp 5.8% decline in price has brought the asset close to testing critical support around $2, with selling pressure currently dominating XRP’s trading volume. The sentiment is turning bearish, but one analyst is confident in the cryptocurrency’s long-term trajectory, predicting that the altcoin is […]
Author  NewsBTC
Yesterday 01: 54
The past 24 hours have been challenging for XRP holders. A sharp 5.8% decline in price has brought the asset close to testing critical support around $2, with selling pressure currently dominating XRP’s trading volume. The sentiment is turning bearish, but one analyst is confident in the cryptocurrency’s long-term trajectory, predicting that the altcoin is […]
placeholder
PEPE Price Forecast: PEPE could rally to double digits if it breaks above its key resistance levelPepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead.
Author  FXStreet
Yesterday 05: 34
Pepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead.
placeholder
Gold price hits new all-time high ahead of Trump’s reciprocal tariffsGold price (XAU/USD) edges higher again for a second day this week and for the first day of the second quarter of 2025.
Author  FXStreet
20 hours ago
Gold price (XAU/USD) edges higher again for a second day this week and for the first day of the second quarter of 2025.
goTop
quote