Mantra will tokenize one billion dollars of real world asset
The post Mantra will tokenize one billion dollars of real world asset appeared on BitcoinEthereumNews.com.
Yesterday, Mantra announced that it will tokenize one billion dollars of real world asset (RWA) on its blockchain. 🕉️🚨𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: MANTRA and DAMAC Group @DAMACOfficial Revolutionize Tokenized Real-World Assets with US$1 Billion Deal.#MANTRA and #DAMAC Group will collaborate to enable token-based financing for a diverse range of assets, spanning real estate, hospitality, data centers,… pic.twitter.com/AblEjLgoWH — MANTRA | Mainnet Live (@MANTRA_Chain) January 9, 2025 The initiative is the result of collaboration with a company from the United Arab Emirates, DAMAC Group, which, among other things, also deals with real estate. The blockchain Mantra Mantra is a progetto crypto launched in 2020. It is a level 1 blockchain based on PoS (Proof-of-Stake) that prioritizes security and regulatory compliance, specifically designed to facilitate the tokenization and trading of RWA. It was created thanks to the Cosmos SDK, it is compatible with IBC and supports CosmWasm. On the Mantra blockchain, a decentralized finance platform has been created that offers a permissionless environment suitable also for permissioned applications, making it suitable for institutional uses as well. Its native cryptocurrency, OM, landed on the crypto markets before the last major bull run, but its performance in 2021 was not extraordinary. The boom, however, occurred only in 2024, when in less than twelve months its price skyrocketed from $0.04 to over $4. The all-time high was recorded on December 11, at 4.6$, and it still remains above 4$. The tokenization of RWA on Mantra All this is a consequence of the increasing interest in the tokenization of real world asset. In the specific case of the collaboration with DAMAC Group, the idea is to revolutionize the world of tokenized assets with an agreement worth 1 billion dollars. The tokenized RWA will concern a wide range of assets, ranging from real estate, to hospitality, to data centers, and…
Filed under: News - @ January 10, 2025 6:22 pm