Today marks a significant stride in the tokenization of real-world assets on a global scale, as **MANTRA**, a premier Layer 1 blockchain designed for tokenizing real-world assets (RWAs), and **MAG**, a leading property developer in the United Arab Emirates, unveil their groundbreaking partnership. This alliance is set to tokenize MAG’s extensive real estate holdings, valued at a staggering half a billion US dollars.
The venture between MANTRA and MAG, with the latter’s real estate assets totaling more than US$5 billion, is poised to revolutionize the realm of real estate investment through the power of blockchain technology. The inaugural project under this collaboration is the luxurious **Keturah Reserve**, an upscale residential enclave in Meydan, Dubai, known for its innovative spatial design that elevates the living experience. A dedicated real estate financing vault will be established on MANTRA’s bespoke, regulation-compliant Layer 1 blockchain, offering investors a secure and lucrative yield from a novel asset category.
As MANTRA and MAG embark on tokenizing projects arranged in multiple segments, with a combined transactional value of US$500 million, they are set to become frontrunners in the burgeoning Middle Eastern market for tokenized real estate.
Investors in the vault can anticipate yields generated by stablecoins and $OM tokens, with stablecoins expected to deliver an 8% APY, a figure that is projected to rise with the addition of $OM tokens.
Furthermore, the initial vault will benefit from the robust backing of MAG’s corporate credit and will be excessively collateralized by a US$75 million grand estate located within the Keturah Resort’s “The Ritz-Carlton Residences, Dubai, Creekside.” This not only ensures substantial protection for investors but also paves the way for future investments in real estate through tokenization.
**John Patrick Mullin**, the CEO and Founder of MANTRA, shared his insights:
**Talal Moafaq Al Gaddah**, the CEO of MAG Lifestyle Development, also provided his remarks:
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