MANTRA has announced a strategic partnership with MAG, a prominent UAE developer with a more than $5 billion real estate portfolio. This collaboration aims to revolutionize real estate investment by leveraging blockchain technology and democratizing access to premium Dubai properties.
This alliance represents a significant step forward for both institutions. MANTRA’s blockchain infrastructure will offer a secure and transparent platform for tokenization. MAG will bring its extensive portfolio and expertise to the UAE real estate market.
The initial focus will be on Keturah Reserve, a luxurious residential development in Dubai’s Meydan district. Investors will gain access to this asset class through a secure vault product, which offers an attractive yield stream supported by blockchain technology.
The total value of real estate projects slated for tokenization is structured in multiple tranches, totaling $500 million. This collaboration opens up new investment opportunities for tokenized real estate in the Middle Eastern market, establishing MANTRA and MAG as key regional players.
This venture will set new standards for real estate tokenization, providing global investors with access to premium real estate assets in the UAE. Investors in the vault product will benefit from an attractive reward structure. They can expect to receive an estimated 8% APY generated by stablecoins, augmented by MANTRA’s native token, OM.
The initial vault will be over-collateralized to increase investor protection by a US$75 million mega mansion in the Keturah Resort’s ‘The Ritz-Carlton Residences, Dubai, Creekside development. The project will benefit from MAG’s strong corporate creditworthiness, giving investors a comprehensive layer of security.
Read CRYPTONEWSLAND onThe partnership aims to maximize the potential of RWA compliance in the Middle East and beyond by combining MANTRA’s secure RWA-focused blockchain with MAG’s established presence in the UAE real estate market. This partnership paves the way for a more efficient and inclusive financial future, encouraging access to both traditional and innovative investment opportunities.
This collaboration between MANTRA and MAG aims to revolutionize real estate investment by incorporating blockchain technology. Investors can expect a new era of real estate opportunities in the UAE, focusing on security, transparency, and accessibility.
#Archax CEO predicts $30-50T XRPL trading volume, suggesting #major XRP adoption and price growth while…
Polymarket hits $2B in trading volume, driven by U.S. election and Satoshi speculation! #Blockchain #Crypto…
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and #RippleLabs continues…
#TronCat, #TronBull, and #Sunpepe lead #TRONmemecoin surge, attracting attention with strong community support and rapid…
#Chainlink (LINK) trades between $9 and $11, presenting a potential #buying opportunity as it retests…
#Tornado Cash receives donations from #Vitalik Buterin strengthening the defense fund, and supporting #developers facing…