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VisitMANTRA Chain and UAE's MAG Group Partner in Largest $500M Real Estate Tokenization Deal
Jul 3, 2024, 07:36 AM
MANTRA Chain has partnered with UAE's MAG Group to tokenize $500 million in real estate assets. The collaboration aims to democratize access to luxury UAE real estate through secure, yield-bearing vault products backed by MANTRA's L1 technology. The initial tranche of assets will include the Keturah Reserve residential project and a $75 million mega-mansion at The Ritz-Carlton Residences, Dubai, Creekside. This partnership marks the largest single crypto deal in the Middle Eastern market, offering yields in the form of stablecoins and $OM. MANTRA’s L1 technology will secure the RWAs and unlock a flurry of investment opportunities.
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Markets
Yes • 50%
No • 50%
Official sales records from MAG Group, real estate market reports
No • 50%
Yes • 50%
Official press releases from MANTRA Chain or MAG Group, financial news outlets
Yes • 50%
No • 50%
Investor reports, MANTRA Chain financial updates, blockchain transaction records
More than $500M • 33%
Less than $250M • 33%
$250M - $500M • 33%
Official financial statements from MANTRA Chain or MAG Group, market analysis reports
Stablecoins • 33%
$OM • 33%
Other • 33%
Investor reports, MANTRA Chain financial updates
Keturah Reserve • 33%
Other • 33%
Mega-mansion at The Ritz-Carlton Residences • 33%
Official announcements from MANTRA Chain or MAG Group, financial news outlets