News with the tag "Damac"

President Donald Trump’s economic policies and “America first” statements are changing Asia’s approach to trade and investment. Financiers and officials across the region are seeking to reduce their reliance on the United States in fear of a trade war. Since the end of World War II in 1945, the US h...

In a groundbreaking collaboration, Mantra (OM) , a layer-1 blockchain platform specializing in real-world asset tokenization , has partnered with Damac Group , a leading Dubai-based property developer, to tokenize $1 billion in assets . This partnership, starting in early 2025, will cover Damac’s di...

Layer-1 blockchain MANTRA has entered into a $1 billion agreement with investment conglomerate DAMAC Group, aiming to revolutionize tokenized real-world assets ( RWA ) in the Middle East. With the partnership, DAMAC Group will leverage MANTRA blockchain to tokenize its at least $1 billion assets. “T...

UAE conglomerate DAMAC Group, with investments in property development, hospitality, and data centres, has announced plans to tokenize $1 billion worth of its assets for financing purposes in early 2025. The tokenization will be done in collaboration with UAE-based MANTRA, a layer 1 blockchain platf...

Mantra and Damac Group have signed a $1 billion partnership to tokenize real-world assets, enhancing blockchain-based finance in the UAE.

On Tuesday, at his Florida estate Mar-a-Lago, president Donald Trump announced a $20 billion deal with Damac Group’s Hussain Sajwani to build state-of-the-art AI data centers across America. Trump wasted no time hyping up the announcement. The project’s first phase targets eight states: Texas, Arizo...