Mantra Chain and MAG Partner to Tokenize $500M Dubai Real Estate
Mantra Chain and MAG, a prominent UAE developer with a $5 billion real estate portfolio, have joined forces to tokenize $500 million worth of Dubai properties.
This groundbreaking partnership aims to democratize access to high-value real estate through blockchain technology, revolutionizing how global investors participate in the Dubai market.
Their collaboration focuses on Keturah Reserve, a luxury residential project in Dubai’s Meydan district, where they will offer a secure vault product backed by blockchain.
This innovative approach enhances transparency and efficiency in real estate transactions, providing investors with attractive yields from stablecoins and $OM tokens while ensuring robust security through over-collateralization and MAG’s solid credit standing.
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Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, emphasizes the integration of blockchain to enhance real estate value and accessibility.
This partnership between Mantra Chain’s blockchain expertise and MAG’s real estate leadership sets a new standard in tokenized real estate investment, poised to influence markets beyond the Middle East.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
