Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group

📆 7/3/2024 8:16 AM
📰 CoinDesk

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Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.

Mantra Chain will tokenize $500 million worth of assets of Dubai-based real estate developer MAG Group, the firms said in a press release shared with CoinDesk.

Investors will earn yield through stablecoins and Mantra's OM token. They are expected to have receive yields of 8% from the stablecoins and be granted additional OM tokens.

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