Official announcements from MANTRA Chain or MAG Group, financial news outlets

MANTRA 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.