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Major Companies Collaborate to Tokenize Real-World Assets

MANTRA and DAMAC Join Forces

An agreement has been signed between the UAE-based real estate holding company DAMAC Group and the smart contract network MANTRA. This transaction entails the tokenization of a $1 billion real-world asset, aiming to facilitate access for both individual and institutional investors through asset tokenization.

The process of property tokenization is set to commence this year. The concept of moving real estate, commodities, funds, and securities to the blockchain has been evolving with concrete steps for some time. The RWA trend aims to reach a trillion-dollar market by simplifying access globally.

Major Companies Collaborate to Tokenize Real-World Assets

MANTRA and DAMAC Join Forces

An agreement has been signed between the UAE-based real estate holding company DAMAC Group and the smart contract network MANTRA. This transaction entails the tokenization of a $1 billion real-world asset, aiming to facilitate access for both individual and institutional investors through asset tokenization.

The process of property tokenization is set to commence this year. The concept of moving real estate, commodities, funds, and securities to the blockchain has been evolving with concrete steps for some time. The RWA trend aims to reach a trillion-dollar market by simplifying access globally.
https://en.coin-turk.com/major-companies-collaborate-to-tokenize-real-world-assets/