Jan 10, 04:55 AM

DAMAC Group Signs $1 Billion Deal with MANTRA to Tokenize Real Estate, Hospitality, and Data Centers in the Middle East

Dubai developer DAMAC Group has signed a $1 billion agreement with the blockchain platform MANTRA to tokenize real-world assets in the Middle East. The deal, announced on January 9, 2025, will focus on various sectors including real estate, hospitality, and data centers. This collaboration aims to facilitate token-based finance in the region, leveraging the growing potential of blockchain technology in asset management and investment. The partnership is part of a broader trend in the UAE to integrate blockchain solutions into traditional industries.

#Dubai #DAMAC Group #MANTRA #Middle East #UAE

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