Dubai developer DAMAC signs $1 billion deal with blockchain platform MANTRA
Real Estate
DUBAI : MANTRA, a blockchain platform focused on real-world assets (RWAs), has signed a deal with Dubai developer DAMAC Group to tokenise assets in the Middle East worth at least $1 billion, the two firms said on Thursday. Asset tokenisation allows rights to, or ownership of assets, including RWAs, to be converted into digital tokens on a blockchain, which can then be owned and traded online. DAMAC, one of Dubai's biggest developers, whose assets include real estate properties and data centres,
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