MANTRA Partners with DAMAC Group on $1 Billion Real-World Asset Collaboration

MANTRA seals $1b RWA deal with UAE-based DAMAC Group

In a groundbreaking move, blockchain-based platform MANTRA has sealed a massive $1 billion Real-World Asset (RWA) partnership with the reputable UAE-based DAMAC Group. This monumental agreement marks a significant milestone in the world of decentralized finance (DeFi), as it brings traditional financial markets closer to the realm of cryptocurrencies.

As part of this comprehensive collaboration, DAMAC Group’s extensive portfolio will be integrated onto MANTRA Chain, enabling investors to access these previously inaccessible assets digitally. This move is poised to revolutionize the way people invest in traditional assets, providing unprecedented levels of transparency and security to the entire process.

Commenting on the partnership, John Patrick Mullin, CEO at MANTRA, stated that this agreement is a testament to the growing recognition of RWA as a viable and innovative approach to finance. He emphasized the company’s commitment to empowering investors by providing access to previously restricted assets, all while ensuring unparalleled security and trustworthiness.

DAMAC Group’s Managing Director of Sales & Development, Amira Sajwani, also shared her thoughts on the partnership, highlighting the potential for this collaboration to democratize investment opportunities. She emphasized the benefits that come with increased transparency, convenience, and scalability.

The partnership is set to launch early in 2025, marking a pivotal moment for both companies as they join forces to reshape the financial landscape.

Source: coinjournal.net