One of the first large-scale strategic cooperation agreements of 2025 came from the real world assets (RWA) sector, which has become one of the most prominent themes of the blockchain ecosystem in recent years. According to Coingecko data, MANTRA, the blockchain with the world’s most valuable real-world asset token in terms of market value, signed a $1 billion agreement with DAMAC Group, one of the largest real estate and investment groups in the United Arab Emirates. The strategic collaboration aims to move real estate projects in the Middle East to blockchain through tokenization and increase RWA adoption.
RWA technology aims to move real-world assets such as bonds and real estate projects to the blockchain through tokenization. The real-world assets sector, which McKinsey expects to reach a size of $4 trillion by 2030 in an optimistic scenario, means facilitating access and investment in various assets with the fragmented investment opportunity offered by blockchain.
DAMAC Group assets will be moved to blockchain
Under the agreement, various assets from real estate and hotel projects, data centers and other critical sectors under the management of DAMAC Group will be opened to token-based financing. The agreement, which envisages the transfer of $ 1 billion DAMAC Group assets to MANTRA Chain, aims to overcome traditional limitations in real estate investment and expand investment opportunities in the Middle East’s real estate market.
Sharing her evaluations regarding the agreement, DAMAC Sales and Development General Manager Amira Sajwani said, “As DAMAC, we closely follow new technologies to improve our product offerings. This agreement with MANTRA is the latest proof of our commitment to innovation and visionary solutions. “The tokenization of our assets will provide investors with safe, transparent and easy access to a diversified investment portfolio,” he said.
Will be available in early 2025
Noting that they will combine MANTRA’s experience in industry-compatible asset tokenization with DAMAC Group’s strong portfolio that stands out with its performance, MANTRA CEO and Co-Founder John Patrick Mullin said, “DAMAC Group assets will be available only on MANTRA Chain in early 2025. This important partnership demonstrates that MANTRA is a preferred strategic partner for leading companies and investment groups for real-world assets. Our partnership with DAMAC Group also means acceptance and approval for the RWA industry. “We are excited to partner with a prestigious group that shares our vision of bringing traditional financing opportunities on-chain and relies on MANTRA’s real estate industry-compatible tokenization technology,” he said.
MANTRA, a Layer-1 blockchain developed specifically for real-world assets, enables developers and institutions to seamlessly participate in the tokenization sector with its technology compatible with global asset tokenization regulations.
Will invest 20 billion dollars in the USA
Led by billionaire Hussain Sajwani, who owns the Middle East’s only Trump-branded golf course in Dubai and is considered among the largest real estate developers in the UAE, DAMAC Group operates in the real estate, capital markets, tourism, manufacturing, food, luxury fashion and data centers sectors. is operating.
The group announced in recent weeks that it would invest $20 billion to build data centers in the USA. In the announcement made by the new president of the USA, Donald Trump, and DAMAC Group President Hussain Sajwani, Donald Trump emphasized that the investment will support new and huge data centers and keep the USA at the cutting edge of technology and artificial intelligence.
Source: www.dunya.com
