Mantra signed a $1 billion partnership with Damac Group, a UAE-based investment conglomerate, to tokenize Damac's diverse asset portfolio.

Blockchain firm Mantra has signed a $1 billion tokenization agreement with UAE-based conglomerate Damac Group to digitize a portion of Damac’s asset portfolio on Mantra’s real-world-asset-focused Layer 1 blockchain. The deal, announced in early January 2025, covers assets with a minimum aggregate value of $1 billion across Damac’s businesses, including real estate development, hospitality, data centers, and other sectors in the Middle East. Tokenized Damac assets are scheduled to be offered exclusively on Mantra Chain starting in early 2025, following Mantra Chain’s mainnet launch in October 2024. The partnership is designed to enable token-based financing and fractional ownership of traditionally illiquid assets, with the aim of improving liquidity, transparency, and global investor access to Damac’s holdings. By converting ownership claims over properties and other assets into digital tokens on-chain, the initiative seeks to lower investment thresholds and streamline transactions while using blockchain features to enhance security and auditability. Strategically, the agreement positions Mantra as a key infrastructure provider for tokenized real-world assets and reinforces the UAE’s broader push to become a hub for digital assets and blockchain-enabled capital markets, following Mantra’s earlier real estate tokenization deal with Dubai developer MAG.

✨ AI-generated background, compiled from web sources — not editorial content.

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