{"id":44971,"date":"2025-01-09T16:22:00","date_gmt":"2025-01-09T16:22:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mantra-seals-1b-rwa-deal-with-uae-based-damac-group\/"},"modified":"2025-01-09T16:22:00","modified_gmt":"2025-01-09T16:22:00","slug":"mantra-seals-1b-rwa-deal-with-uae-based-damac-group","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mantra-seals-1b-rwa-deal-with-uae-based-damac-group\/","title":{"rendered":"MANTRA seals $1b RWA deal with UAE-based DAMAC Group"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653310222177-0ccc8d9e-6952-46ae-b09e-4b1bb96b5211-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653310222177-0ccc8d9e-6952-46ae-b09e-4b1bb96b5211-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653310222177-0ccc8d9e-6952-46ae-b09e-4b1bb96b5211-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/05\/1653310222177-0ccc8d9e-6952-46ae-b09e-4b1bb96b5211-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\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 &amp; 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 &amp; liquidity pools.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/mantra-seals-1b-rwa-deal-with-uae-based-damac-group\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) 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 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":44972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44971"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44971"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44972"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}