MANTRA plans tokenize DAMAC Group asset worth $1 billion in early 2025, marking a significant step in the tokenization of real-world assets (RWA). The collaboration between blockchain firm MANTRA and the UAE-based DAMAC Group, led by Hussain Sajwani, was announced on Thursday.
The MANTRA to tokenize DAMAC Group asset initiative will see DAMAC’s expansive real estate, hospitality, and data center investments represented through digital tokens. This blockchain-powered approach aims to simplify access to high-value investments while expanding opportunities for both retail and institutional investors.
DAMAC and MANTRA Forge Blockchain Investment Path
MANTRA’s CEO John Patrick Mullin emphasized the groundbreaking nature of this collaboration.
“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 on-chain,” Mullin stated.
DAMAC Group, a multi-billion-dollar conglomerate, took a progressive step in 2022 when it began accepting cryptocurrency payments for real estate transactions. The MANTRA to tokenize DAMAC Group asset collaboration is the next step in DAMAC’s digital transformation, aiming to modernize investment channels using blockchain technology.
Tokenized assets will provide fractional ownership, allowing smaller investors to gain exposure to DAMAC’s premium real estate portfolio, including luxury properties and commercial developments. Specific properties to be tokenized will be revealed in the coming weeks, with the official launch expected in early 2025.
What Does Tokenizing DAMAC Group’s Asset Mean?
Tokenization involves converting physical or financial assets, such as real estate, into blockchain-based tokens representing ownership. This strategy offers numerous benefits, including enhanced liquidity, faster settlement, and broader investment access.
MANTRA to tokenize DAMAC Group asset is part of a larger trend of tokenizing real-world assets (RWAs), a market expected to surge into the trillions by the end of the decade. Tokenized assets can simplify cross-border transactions, reduce intermediaries, and increase market efficiency.
In DAMAC’s case, tokenizing $1 billion in real estate and other assets on MANTRA’s blockchain means investors will be able to trade fractions of high-value properties securely and transparently using blockchain technology.
MANTRA’s Token Gaining Momentum
Since MANTRA launched its mainnet in October, its native token OM has surged by 200%, reaching a market cap of $3.6 billion in December 2024. The token’s rise reflects growing market confidence in MANTRA’s long-term vision for blockchain-powered investments, including partnerships like MANTRA to tokenize DAMAC Group asset.
This collaboration positions MANTRA as a leader in RWA tokenization, further solidifying its place in the blockchain investment space.
Industry Leaders Weigh In on Tokenization’s Impact
Tokenization of high-value assets, like MANTRA to tokenize DAMAC Group asset, has caught the attention of global financial leaders.
Larry Fink, CEO of BlackRock, previously stated:
“Tokenization of assets will transform the financial landscape by increasing transparency and accessibility in global markets.”
This shift has already seen major players like BlackRock launch the BUIDL tokenized fund, which spans multiple blockchains, including Aptos, Arbitrum, Avalanche, Optimism, and Polygon.
Tether has also doubled down on tokenization with the upcoming Hadron platform, designed for institutional RWA investments. Hadron will launch in February 2025, offering API support and a user-friendly interface for large-scale tokenization projects.
Why the MANTRA and DAMAC Deal Matters
The MANTRA to tokenize DAMAC Group asset collaboration reflects a broader movement in blockchain innovation aimed at revolutionizing traditional finance. Key reasons why this deal matters:
Massive Market Exposure: DAMAC’s $1 billion asset tokenization will attract global investors.
Enhanced Liquidity: Real estate investments will become more accessible to a wider audience.
Institutional Adoption: DAMAC’s involvement could inspire other major firms to explore RWA tokenization.
Blockchain Expansion: MANTRA’s success boosts the credibility of RWA projects.
The Road Ahead: What to Expect in 2025
The MANTRA to tokenize DAMAC Group asset partnership sets the stage for a transformative year in blockchain investment. As DAMAC reveals the specific assets for tokenization, industry observers expect a wave of interest from global investors eager to gain exposure to tokenized real estate.
The success of this initiative could influence more conglomerates to explore blockchain-based tokenization, reshaping how traditional markets operate.
The MANTRA to tokenize DAMAC Group asset deal is more than a strategic partnership—it’s a signal of how blockchain technology is set to redefine asset ownership and investment accessibility.
By unlocking $1 billion worth of tokenized assets, MANTRA and DAMAC Group are pushing the boundaries of digital finance while positioning themselves as pioneers in the RWA tokenization market.
As the launch approaches in early 2025, this groundbreaking project could serve as a blueprint for future blockchain-powered investment models, transforming how high-value assets are accessed and traded worldwide. Stay updated with the latest developments in the cryptocurrency industry through The BIT Gazette
