Mantra to Tokenize $500 Million in Real Estate for Dubai Builder MAG Group

Odaily News Mantra Chain said in a press release that it will tokenize $500 million worth of assets from Dubai real estate developer MAG Group. Mantra, which focuses on Middle East operations, will divide the assets into multiple batches. The first batch will include a residential project, Keturah Reserve, built by MAG in Meydan, Dubai, and a giant mansion in the $75 million "The Ritz-Carlton Residences, Dubai, Creekside" development. Investors will earn returns through stablecoins and Mantra's OM tokens, and are expected to earn an 8% yield on stablecoins and receive additional OM tokens. (CoinDesk)