Asset tokenisation permits rights to, or possession of property, together with actual world property (RWAs), to be transformed into digital tokens on a blockchain, which might then be owned and traded on-line.
Damac, considered one of Dubai’s largest builders, whose property embody actual property properties and information centres, has been investing in information centres the world over.
On Tuesday, its Chairman Hussain Sajwani and US President-elect Donald Trump introduced it might make investments $20 billion (roughly Rs. 1,71,798 crore) in information centres the US within the coming years.
“Damac is all the time exploring new applied sciences to reinforce our product choices. Partnering with Mantra is a pure extension of our dedication to innovation and forward-thinking options,” the developer’s Managing Director of Sales and Development Amira Sajwani stated in an announcement.
Its property within the Middle East will probably be obtainable early this yr on the Mantra chain, the 2 corporations stated.
Last yr, Mantra agreed with developer MAG Property Development to tokenise actual property property price an total $500 million (roughly Rs. 4,295 crore), ranging from a residential mission in Dubai, which is the Gulf’s tourism and enterprise hub.
The United Arab Emirates and town goal to change into a world centre for digital property, together with the crypto business, and are working to draw among the largest corporations within the sector and to develop digital asset regulation.
In 2017, the Dubai Land Department launched its blockchain platform utilizing a database to document actual property contracts, together with lease and registrations and linking them to utility and telecom accounts.
© Thomson Reuters 2025
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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