MANTRA Blockchain has announced an agreement with UAE property firm DAMAC Group to tokenize a minimum of $1 billion worth of its assets in early 2025. This initiative aims to enhance financing capabilities for DAMAC's diverse portfolio, which includes real estate, hospitality, and data centers. By tokenizing these assets, the firms hope to simplify traditional investment methods while increasing access for both retail and institutional investors. Specific details regarding which assets will be tokenized and the offerings' features are expected to be revealed soon. Tokenization is becoming increasingly popular, as it allows for the conversion of traditional assets into digital tokens, providing advantages such as quicker settlements and broader accessibility. DAMAC has previously accepted cryptocurrency payments and is committed to exploring further blockchain applications. The RWA tokenization market is projected to grow substantially, potentially reaching trillions of dollars in the upcoming years, highlighting the increasing interest from institutions and governments in digitizing asset ownership.

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