DAMAC Group has partnered with blockchain firm MANTRA to tokenise real-world assets (RWAs) in the Middle East, marking a major step towards blockchain adoption in the region. This collaboration aims to drive fractional ownership and tokenised real estate investment opportunities, enhancing accessibility for global investors.
As the Middle Eastern real estate market continues to expand, the partnership seeks to break down traditional investment barriers, unlocking new market segments. Focused on token-based financing, the alliance spans various sectors, including real estate, hospitality, and data centres, targeting assets worth at least USD 1B.
Amira Sajwani, MD of Sales and Development at DAMAC, said, “Partnering with MANTRA is a natural extension of our commitment to innovation. Tokenising our assets will provide investors with secure, transparent, and convenient access to diverse investment opportunities.”
This initiative also aims to make high-value assets accessible to a global pool of investors through fractional ownership, enabling greater participation in the Middle Eastern real estate market. The tokenisation of DAMAC’s assets will take place on the MANTRA Chain by early 2025, offering enhanced transparency and security.
John Patrick Mullin, CEO and co-founder of MANTRA, noted the significance of the partnership, stating, “This collaboration with DAMAC is a testament to the potential of the RWA industry. We’re excited to bring traditional financing opportunities onto the blockchain.”
This strategic move is expected to revolutionise real estate investment and financing in the region, making it more inclusive and accessible.
