Tokenized real-world asset platform MANTRA has signed a outstanding $1 billion take care of DAMAC Group, the Center East’s high funding conglomerate.

January ninth, L1 Blockchain introduced The companions introduced a $1 billion deal in partnership to tokenize property within the area. DAMAC Group's enterprise operations embody actual property, hospitality, and information facilities. MANTRA is a real-world asset blockchain platform and cryptocurrency.

MANTRA focuses on $1 billion tokenized RWA market

MANTRA and DAMAC Group will work collectively to introduce token-based funding for a number of of the group's property. The partnership goals to drive a minimum of $1 billion in tokenization. DAMAC Group’s portfolio property are anticipated to go stay on the MANTRA Chain in early 2025.

“This partnership with DAMAC Group signifies help for the RWA trade,” John Patrick Mullin, Chief Government Officer of MANTRA, mentioned in a press release. We’re excited to be partnering with such a prestigious group of leaders who see the unbelievable alternatives that come on-chain.”

Amira Sajwani, Managing Director, Gross sales and Growth, DAMAC, added that the partnership will present traders with funding alternatives that profit from safety, transparency and comfort.

MANTRA's mainnet went stay in October, and the L1 community has seen notable consolidation as conventional and decentralized finance gamers undertake its blockchain know-how.

The platform marked a major milestone for its native token OM with main trade itemizing. Mantra has additionally reached improvement landmarks with bridges, staking, swaps and liquidity swimming pools.