The $1 billion blueprint for tokenized real estate: RWAs shaping Dubai
The post The $1 billion blueprint for tokenized real estate: RWAs shaping Dubai appeared on BitcoinEthereumNews.com.
The real estate industry is undergoing a digital transformation, and Dubai is at the forefront of this revolution. In this episode of Decentralize with Cointelegraph, Amira Sajwani, managing director at Damac Properties, and John Patrick Mullin, co-founder and CEO of Mantra, discuss their $1 billion plan to tokenize real-world assets (RWAs) and reshape global property investment. Tokenization: beyond crypto volatility One of the biggest misconceptions about asset tokenization is its association with cryptocurrency volatility. Sajwani addresses this concern head-on: I think a lot of people associate tokenization to the volatility of cryptocurrencies. I’d love to dispel the fact that when you’re buying a tokenized asset, yes, it’s on the blockchain, but your volatility is linked to the asset that is being tokenized, not the actual, let’s say, currencies or crypto myths that exist in the market. Unlike cryptocurrencies, tokenized real estate assets derive their value from physical properties, offering stability and real-world utility to investors. Related: Crypto shows how powerful tokenizing private stocks would be — Robinhood CEO Tokenized real estate is still in its early stages, but industry leaders believe its potential is enormous. Mullin envisions a future where trillions of dollars of real-world assets will be brought onto the blockchain: If you’re looking at the base ecosystem right now, it’s still a drop in the ocean compared to where we expect this to go in the mid to long term. It’s in the tens of billions. We’re expecting this to go into potentially trillions of dollars of assets on chain. So we still have a very, very long way to go. For this industry to thrive, it will require strong market participants, innovation and regulatory clarity. Mantra’s open approach to collaboration aims to accelerate adoption and competition within the space. Real estate’s ideal use case While various asset…
Filed under: News - @ March 1, 2025 5:25 am