Mantra Chain to Tokenize $500M Worth of Real Estate Assets for Dubai Developer MAG Group
Dubai-based real estate developer MAG Group will have $500 million worth of assets tokenized by Mantra Chain in multiple tranches. The first tranche will include a residential project and a $75 million mega-mansion. Investors will earn yields through stablecoins and Mantra's OM token, with expected yields of 8% from the stablecoins and additional OM tokens. The specifics of the yield are still under discussion. Mantra raised $11 million for real-world tokenization in March and is focused on the Middle East.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x DEBIT (Episode 2): Trade to share 45,000 USDT
Trend-following bot upgrade: Custom parameter settings now supported
CandyBomb x CNPY: Trade to share 75,000 USDC
New spot margin trading pair — CP/USDT, SOPH/USDT!
