Mantra Chain ($OM) Token Surges 30% After Tokenizing $1B in Assets From Dubai Real Estate Giant DAMAC Properties

The space of asset tokenization is undergoing a significant development. In the past 24 hours, the native token of Mantra Chain, $OM, has surged by around 30%.

The native token of Mantra Chain, $OM, surged by around 30% in the past 24 hours, surpassing a market cap of $5.5 billion and overtaking $TRUMP to claim the third spot in CoinGecko’s trending cryptocurrency list.

This surge was driven by a major milestone for Mantra Chain, as it announced that it has successfully tokenized $1 billion worth of assets from DAMAC Properties, one of Dubai’s largest real estate companies.

The platform is setting the stage for a new era of investments in real estate, where international investors can access tokenized forms of the high-value, hard-to-reach real estate market.

Asset tokenization is a rapidly emerging trend in the $16 trillion real world asset (RWA) market, with institutional and retail investor interest intensifying.

When it comes to real estate, in particular, the opportunity to invest using only a portion of what would typically be required is a game-changer.

This puts Mantra Chain firmly in the crosshairs of a not-so-unfamiliar narrative for blockchain technology: A step toward adoption, a potential to disrupt.

For quite a while now, the conversation around blockchain’s promise in real estate has been building. Not so much in the industry where I work—with its conversations about wealth management and asset allocation—but in the tech world and the world of venture capital, where conversations are, ostensibly, about the future. Hearing them talk, you might think blockchain is a Toblerone-sized ticket for tech to displace mediators in real estate.

Tokenized assets from DAMAC Properties worth $1 billion is just the beginning. There is anticipation that this will create a ripple effect leading to the tokenization of many other asset classes.

The platform, underlying this initiative, is becoming more robust and approachable and is, therefore, potentially on its way to being a major player in the still-evolving asset tokenization space.

As Mantra Chain extends its innovations to cover more ground and broaden its services, it becomes clearer that the platform is aiming to lead in asset tokenization—specifically in Real-World Assets. This focus is just one piece of a bigger vision puzzle that the team at Mantra is trying to solve.

In a nutshell, and very simply put, it is the aim of all these technologies and companies to bring more Real-World Asset types on-chain for all the amazing benefits that blockchains bring: more transparency, security, and better management of these types of assets; which, as you know, are also traditionally traded assets.

Mantra’s rising prominence in the RWA sector, thanks to its partnership with DAMAC Properties, positions it splendidly to net a huge chunk of the $16 trillion RWA market. The outcome of this endeavor could unfurl further tokenization of top-shelf, high-value assets, leading in all likelihood to the birth of a new class of digital securities.

As this sphere of the asset world advances toward mainstream acceptance of blockchain technology for day-to-day transactions, platforms like Mantra Chain appear set to play a big part in dictating the terms of tomorrow’s investment markets.

In addition, the platform’s ability to draw in global investors is telling. It demonstrates that asset tokenization, when done using blockchain technology, can create a bridge between the old intermediation world of finance and the new decentralized finance (DeFi) world. To the extent that Mantra offers a secure, regulated environment in which to tokenize real estate assets, it sets a precedent for how the DeFi space can incorporate and enhance the real economy.