{"id":818629,"date":"2025-01-10T04:12:01","date_gmt":"2025-01-10T10:12:01","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/10\/mantra-seals-1b-rwa-deal-with-uae-based-damac-group\/"},"modified":"2025-01-10T04:12:01","modified_gmt":"2025-01-10T10:12:01","slug":"mantra-seals-1b-rwa-deal-with-uae-based-damac-group","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/10\/mantra-seals-1b-rwa-deal-with-uae-based-damac-group\/","title":{"rendered":"MANTRA seals $1b RWA deal with UAE-based DAMAC Group"},"content":{"rendered":"<div data-site=\"CoinJournal\">\n<div data-site=\"CoinJournal\">\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/05\/1653310222177-0ccc8d9e-6952-46ae-b09e-4b1bb96b5211.jpg\" alt width=\"100%\" height=\"100%\">\n<\/picture>                    <\/div>\n<p>Tokenized real-world assets platform MANTRA has struck a notable $1 billion agreement with DAMAC Group, a top investment conglomerate in the Middle East.<\/p>\n<p>On Jan. 9, the L1 blockchain <a href=\"https:\/\/twitter.com\/MANTRA_Chain\/status\/1877355756237791619\" target=\"_blank\" rel=\"noopener\">announced<\/a> that it had sealed the $1 billion deal in a collaboration that will see the partners tokenize assets in the region. DAMAC Group\u2019s business operations include in real estate, hospitality and data centres among others. MANTRA is a real-world assets blockchain platform and <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/\">cryptocurrency<\/a>.<\/p>\n<h2>MANTRA eyes $1 billion tokenized RWA market<\/h2>\n<p>MANTRA and DAMAC Group will work together to bring token-based financing to several of the group\u2019s assets. The partnership targets a tokenization drive with a minimum $1 billion. Assets in DAMAC Group\u2019s portfolio will go live on MANTRA Chain in early 2025.<\/p>\n<blockquote>\n<p>\u201cThis partnership with DAMAC Group is an endorsement for the RWA industry. We\u2019re thrilled to partner with such a prestigious group of leaders that share our ambitions and see the incredible opportunities of bringing traditional financing opportunities on-chain,\u201d John Patrick Mullin, chief executive officer of MANTRA said in a statement.<\/p>\n<\/blockquote>\n<p>Amira Sajwani, managing director of sales &#038; development at DAMAC, added that the partnership will offer investors access to investment opportunities that benefit from security, transparency and convenience.<\/p>\n<p>MANTRA\u2019s mainnet went live in October, with the L1 network seeing notable integrations as traditional finance and decentralized finance players embrace its blockchain technology.<\/p>\n<p>The platform has recorded significant milestones for its native token OM with major exchange listings. Mantra also hit development landmarks with bridge, staking and swap &#038; liquidity pools.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/mantra-seals-1b-rwa-deal-with-uae-based-damac-group\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Benson Toti<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokenized real-world assets platform MANTRA has struck a notable $1 billion agreement with DAMAC Group, a top investment conglomerate in the Middle East. On Jan. 9, the L1 blockchain announced that it had sealed the $1 billion deal in a collaboration that will see the partners tokenize assets in the region. DAMAC Group\u2019s business operations<\/p>\n","protected":false},"author":1,"featured_media":818630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38059,27646],"tags":[],"class_list":{"0":"post-818629","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mantra","8":"category-seals"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=818629"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/818630"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=818629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=818629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=818629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}