DAMAC Group has joined hands with blockchain firm MANTRA in a groundbreaking move to tokenise $1 billion worth of real-world assets. The partnership aims to bring blockchain technology into the Middle East’s real estate market, offering new opportunities for investors through fractional ownership and easier access to high-value properties.

The initiative will focus on token-based financing across real estate, hospitality, data centres, and other sectors, leveraging DAMAC’s extensive portfolio. Amira Sajwani, Managing Director of Sales and Development at DAMAC Group, told Gulf Business that this collaboration reflects the company’s commitment to innovation. She explained that tokenising assets would provide investors with a secure, transparent, and simplified way to explore real estate opportunities.

Starting in early 2025, the DAMAC Group’s assets will be exclusively available on MANTRA Chain, a blockchain platform designed to enhance transparency and accessibility. This move is expected to revolutionise how real estate investments are made in the region, breaking down traditional barriers and allowing more people to invest in high-value assets.

John Patrick Mullin, CEO and co-founder of MANTRA, described the partnership as a milestone for the real-world asset (RWA) industry. He expressed excitement about collaborating with DAMAC, praising their shared vision to bring traditional financing options onto the blockchain.

This strategic alliance is set to reshape the Middle East real estate market, paving the way for more secure and inclusive investment opportunities.