A $1 Billion Leap for Tokenization
Mantra, a blockchain platform oriented towards real-world assets, has signed a monumental $1 billion deal with UAE-based Damac Group. The deal is targeted at the tokenization of diversified real estate, hospitality, and manufacturing under the portfolio of Damac Group. The collaboration will introduce more transparency, security, and accessibility for investors from around the world, powered by blockchain technology.
This makes the deal one of the biggest markers of blockchain adoption in the Middle East. It’s setting the region into a hub, and that shall be powered by blockchain finance. Such initiatives are likely to bring a tech-savvy approach to modern asset management and will be useful both for institutional investors and individual ones.
Tokenization in the Middle East
The Middle East is fast turning into a cauldron of blockchain innovation, and the UAE has been proactively embedding the latest technology in its financial system. Under the accord, Damac would tokenize conventionally illiquid assets and open up avenues for subscribers from any part of the world to invest in various investment instruments. Tokenization will also democratize access to high-value assets.
John Mullin, CEO of Mantra, called the partnership a “monumental moment” for the adoption of blockchain technology in the region. He highlighted bringing institutional-grade tokenization to the Middle East and added this deal is aligned with UAE’s ambition to be among the world leaders when it comes to blockchain innovation.
Everything Will Be Tokenized
He earlier said that tokenization is one of the main trends, driven by institutions looking for effective ways to work around regulatory obstacles. He even went as far as to say, “Everything will be tokenized,” and all eyes are on RWAs. This approach not only bridges the gap between traditional and digital finance but also provides a scalable framework for long-term growth.
As Mullin said, true tokenization involves more than just creating digital assets, integrating legal ownership and corporate action into blockchain frameworks, making those tokens actually transferrable.
RWAs: The Future of Finance
Experts estimate that the value of tokenized assets will grow exponentially by 2025. Tokenized RWAs create access to illiquid investment classes previously available only to the privileged few and make it possible for smaller investors to compete in markets reserved for large players.
The partnership between Mantra and Damac brings the blockchain adoption bar to the next level for the UAE, with UAE being on track to leading positions in tokenizing real-world assets. This may further change the idea of managing and trading assets in the digital age.
