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
Bitcoin Price Bounces Back—Can It Finally Break Resistance?Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
Author  NewsBTC
Apr 02, Wed
Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
Apr 02, Wed
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
Japanese Yen spikes to multi-week high against USD after Trump’s tariffs announcementThe Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
Author  FXStreet
Yesterday 02: 36
The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
placeholder
Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcementBitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
Author  FXStreet
Yesterday 02: 38
Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
placeholder
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto marketsBitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
Author  FXStreet
16 hours ago
Bitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
goTop
quote