Actual-world tokenized asset platform MANTRA has entered right into a landmark $1 billion take care of DAMAC Group, a high funding conglomerate within the Center East.
January 9. L1 blockchain he introduced that it has struck a $1 billion deal in collaboration that can enable companions to tokenize property within the area. DAMAC Group's enterprise operations embrace actual property, hospitality and knowledge facilities, amongst others. MANTRA is a blockchain platform and real-world cryptocurrency.
MANTRA is eyeing a $1 billion RWA tokenized market
MANTRA and DAMAC Group will work collectively to introduce token financing for a number of of the group's property. The partnership targets tokenization with a minimal worth of $1 billion. Property within the DAMAC Group portfolio will launch on the MANTRA Chain in early 2025.
“This partnership with DAMAC Group is a validation for the RWA business. We’re excited to work with such a prestigious group of leaders who share our ambitions and see the unimaginable alternatives that conventional on-chain financing choices carry,” mentioned John Patrick Mullin, MANTRA's chief govt officer, in an announcement.
Amira Sajwani, Government Director of Gross sales and Growth at DAMAC, added that the partnership will supply traders entry to funding alternatives that profit from safety, transparency and comfort.
MANTRA's mainnet was launched in October, with the L1 community seeing notable integrations as mainstream monetary and decentralized monetary gamers adopted its blockchain expertise.
The platform has seen important milestones for its native token OM with main inventory listings. Mantra has additionally hit improvement milestones with bridge, staking and swap & liquidity swimming pools.
