Mantra Chain will tokenize $500 million worth of assets from Dubai real estate developer MAG Group. The project will tokenize the assets in multiple batches, with the first batch of tokens to include a residential project, Keturah Reserve, built by MAG in Meydan, Dubai. Investors will earn through the stablecoin and Mantra's OM token. They expect to earn 8% from the stablecoin and receive additional OM tokens.
According to data from CoinMarketCap, OM was trading at 84 cents at the time of writing, having hit an all-time high of more than $1 in June.
Mantra Chain to tokenize $500 million worth of assets of Dubai property developer MAG Group
2024-07-03 07:32:40
Mantra chain dubai real estate property developer developer mag group valuedesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Mantra Chain将对迪拜房地产开发商MAG Group价值5亿美元的资产进行代币化Next article：
德国电信加入 Subsquid 去中心化网络
