DAMAC Enters $1 Billion Blockchain Agreement with MANTRA

Reported 1 day ago

Dubai's DAMAC Group has signed a $1 billion deal with MANTRA, a blockchain platform, to tokenize real-world assets in the Middle East. This partnership aims to convert asset rights into digital tokens, enhancing DAMAC's investment strategy in innovative technologies. The assets are expected to be available on the MANTRA blockchain early this year, marking a significant step in the UAE's ambitions to establish itself as a global hub for digital assets.

Source: YAHOO

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