We’re thrilled to announce a strategic partnership with DAMAC Group to tokenize real-world assets (RWAs) in the Middle East. DAMAC Group is a leading real estate development conglomerate known for its diverse investment portfolio in the UAE.

This strategic alliance aims to rapidly fuel adoption of RWAs through fractional ownership and tokenization of real estate in the Middle East.

Expanding Traditional Real Estate Investment Horizons

Our collaboration with DAMAC Group will enable token-based financing for a diverse range of assets, spanning real estate, hospitality, data centers, and other critical sectors. 

Amira Sajwani, Managing Director of Sales & Development at DAMAC, expressed enthusiasm for the partnership, stating, “DAMAC is always exploring new technologies to enhance our product offerings. Partnering with MANTRA is a natural extension of our commitment to innovation and forward-thinking solutions. Tokenizing our assets will provide investors with a secure, transparent, and convenient way to access a wide range of investment opportunities.”

We will focus our efforts within DAMAC Group’s extensive portfolio of companies with a minimum value of US$1 billion. Through this partnership, we seek to address traditional limitations in real estate investment and open up opportunities for investment in the Middle East’s property market.

Enhancing Investor Access and Convenience with Blockchain Technology

The DAMAC Group assets will be available in early 2025, exclusively on MANTRA Chain, marking a bold step in leveraging blockchain technology to bring greater transparency, security, and accessibility to DAMAC Group’s wide-ranging assets. This milestone partnership is yet another step towards MANTRA’s vision of becoming the preferred ledger of record for real-world assets.

John Patrick Mullin, CEO & Co-Founder of MANTRA stated, "This partnership with DAMAC Group is an endorsement for the RWA industry. We’re thrilled to partner with such a prestigious group of leaders that share our ambitions and see the incredible opportunities of bringing traditional financing opportunities onchain.”

The partnership between MANTRA and DAMAC Group represents a major step forward for the adoption of RWAs, expanding access to investment for all classes of investors.

We will combine our expertise in compliant asset tokenization with DAMAC Group’s track record in diversified investment as we seek to broaden the full potential of compliantly tokenized RWAs within the real estate industry.

About DAMAC Group

The DAMAC Group is the multi-billion-dollar business conglomerate of UAE based Hussain Sajwani. The Group’s investments are divided into seven core areas; real estate, capital markets, hotels & resorts, manufacturing, catering, high-end fashion and data centres.

Some of the Group’s most notable activities include DAMAC Properties, one of the region's largest property developers, the acquisition of the Italian fashion house, Roberto Cavalli and luxury Swiss jewellery brand de GRISOGONO, the 50-storey development DAMAC Towers Nine Elms in London and a luxury resort in the Maldives.

In a bid to disrupt the global data centre landscape, the Group recently announced plans to build data centres through its digital infrastructure company, EDGNEX Data Centers by DAMAC, across different global locations.

Today, the Group’s global footprint extends across North America, Europe, Asia, Middle East and Africa. With its vision firmly set on growth and expansion, the Group continues in its quest for diversification and business excellence.

Website: www.damacgroup.com