Dubai developer DAMAC has partnered with blockchain platform MANTRA to tokenize at least $1 billion of real-world assets (RWAs) in the Middle East, enhancing ownership and trading capabilities through blockchain technology. The collaboration aligns with DAMAC’s commitment to innovation, leveraging blockchain to manage diverse assets like real estate and data centers. The United Arab Emirates, aiming to be a digital and crypto assets hub, has been actively fostering blockchain adoption, exemplified by initiatives like the Dubai Land Department’s real estate blockchain platform launched in 2017.
Dubai Developer DAMAC Signs $1 Billion Deal with Blockchain Platform MANTRA
