Mantra, A Blockchain Platform Focused on Real-World Assets (RWAS), have signed a Deal with Dubai Developer Damac Group to Tokenise Assets in the Middle East Worth at Worth at Least ” Rs.
Asset tokenisation Allows rights to, or ownership of assets, include real world assets (RWAS), to be converted into digital tokens on a blockchain, which can give can be oven.
Damac, one of Dubai’s Biggest developers, whose assets include real estate properties and data centers, have been investment in data centers across the world.
On Tuesday, Its Chairman Hussain Sajwani and Us President-Elect Donald Trump Announced IT Invest $ 20 Billion (Roughly Rs. 1,71,798 Crore)
“Damac is always exploring new technologies to enhance our product offering Director of Sales and Development Amira Sajwani said in a statement.
Its assets in the middle East will be available early this year on the mantra chain, the two firms said.
Last Year, Mantra Agreed With Developer Mag Property Development to Tokenise Real Estate Assets WTH An Overall $ 500 Million (Roughly Rs. 4,295 Crore), Starting from A Residential Project in DUBAI, Which is the gulf’s tourism and business hub.
The united Arab Emirates and the City AIM to become a global center for digital assets, including the crypto industry, and are working to Attract some of the biggest firms in the sector and to develop virthal asset.
In 2017, The Dubai land department launched its blockchain Platform Using a Database to Record Real Estate Contracts, Including Lease and Registrations and Linking them to Utility and Telecom Accounts.
© Thomson Reuters 2025
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(Tagstotranslate) DAMAC Dubai USD 1 Billion Mantra Deamac (T) Mantra Blockchain
