Shane Shin (شين شن) 유근’s Post

Token Bay Capital is an early investor in MANTRA and we could't be more thrilled for the team as they sign a landmark deal for a US$1 Billion partnership with DAMAC Properties to tokenize real-world assets (RWAs) in the UAE enabling token-based finance in the Middle East. The partnership will allow Damac to leverage Mantra’s RWA-focused blockchain to tokenize its diverse portfolio which includes: - Real estate - Hotels - Resorts - Manufacturing - Capital markets - Fashion It's estimated the the RWA market will grow from a mere ~200 Billion today (mostly made up of stablecoins) to US$10 Trillion in 5 years (by 2030). Mantra is positioning itself as a key player in this market evolution and with ~US$1,600 Trillion worth of assets still to be tokenized across: - US$100 Trillion stocks - US$300 Trillion debt - US$600 Trillion derivatives - US$615 Trillion real estate the potential is enormous 🚀 Go team Mantra! John Patrick Mullin Stephen Peepels #blockchain #RWA #crypto #cryptocurrency #OM https://lnkd.in/gfF3nWJV

Is Tokenization the blockchain application that will have the most impact on business? Tokenization = digital ownership of assets Tokenization = fractionalisation of assets Tokenization = measure of value for assets Tokenization = medium of exchange for investors to buy into assets Tokenization = ability to trade investment in assets on markets Tokenization + AI = fractional ownership of assets with new intelligence to monetize for returns The Mantra and Damac US$1 billion deal to tokenized real estate shows the potential of tokenization to transform real estate investment…… Is 2025 going to the the year when significant progress is made in Real World Asset Tokenization ? https://lnkd.in/egmgMRDH

DWF Labs relocates to Abu Dhabi. DWF Labs, a prominent Web3 venture capitalist and crypto market maker, is relocating its headquarters to Abu Dhabi, UAE, as announced by founder and CEO Andrei Grachev on X. The strategic move aims to strengthen the company's presence in the Middle East and expand its focus on real-world assets (RWA) and financial services in the region. Specific operational details have yet to be disclosed. #Secret3 #cryptonews #blockchain #crypto #web3 Read more: https://lnkd.in/gZWeG7_V

India-based crypto exchange company CoinDCX has acquired the UAE-based virtual assets trading platform BitOasis, for an undisclosed value. The acquisition marks CoinDCX debut in the MENA region. Founded in 2016 by Ola Doudin, BitOasis is MENA’s first and largest crypto asset exchange. It is available in 15 countries across the region, allowing its users to buy, hold and sell 60+ cryptocurrencies. Meanwhile, CoinDCX, founded in 2018, is a crypto exchange in India that provides 15 million users easy access to Web3 experiences and democratizes investments in virtual digital assets. CoinDCX, along with Wamda Capital and Jump Capital, had previously invested in BitOasis in August 2023. #Startups #Funding #Crypto #Mena

Huge Mantra and the Damac Group have finalized a landmark $1 billion agreement to tokenize a diverse range of Middle Eastern real estate assets, driving the adoption of blockchain finance in the UAE.

Mantra and Damac Group have formed a $1 billion partnership to tokenize real-world assets, advancing blockchain-based finance in… #Blockchain #Damac #Mantra

#Mantra and #Damac Group Ink $1 Billion Deal to Tokenize Middle Eastern Assets Mantra, a #blockchain platform focused on #tokenized real-world assets #RWAs, has entered into a groundbreaking $1 billion partnership with the Damac Group, a #UAE-based investment conglomerate. This collaboration aims to revolutionize blockchain-based finance in the Middle East by tokenizing a wide range of assets. Transforming Damac’s Portfolio Through #Tokenization The Damac Group, with its diversified portfolio spanning real estate development, hospitality, data centers, and more, will utilize Mantra to tokenize its extensive asset base. This move is designed to bring blockchain-powered #transparency, #security and #accessibility to these assets. According to a news release, these tokenized assets will be exclusively available on the Mantra blockchain starting early this year. John Mullin, co-founder and CEO of Mantra, described the partnership as “a massive vote of confidence for the future of RWA tokenization,” highlighting its significance in advancing blockchain adoption in the region. Driving Innovation in the Middle East The partnership positions Damac to leverage Mantra’s blockchain to tokenize diverse assets such as real estate, hotels, capital markets, fashion, and more. With its focus on RWAs, Mantra is working toward becoming the “preferred ledger of record” for tokenized assets. “The UAE has consistently demonstrated its ability to lead the #crypto industry in innovation. Delivering this vision alongside them is a monumental moment for us,” Mullin said. The Future of Tokenization: “Everything Will Be Tokenized” In April 2024, Mullin shared his vision on the Hashing It Out podcast, stating that tokenization would be a defining trend for the future. He emphasized the potential of RWA tokenization to enable institutions to invest on-chain without relying on volatile assets. Mullin noted that while almost anything could be tokenized, the challenge lies in creating truly transferable tokens by integrating real-world ownership, legal structures, and #corporate actions with blockchain technology. Tokenization: A Key Trend to Watch Experts predict that tokenization will play a pivotal role in redefining global finance. Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar Network, forecasts the value of tokenized assets to double by 2025. A report by a16z highlights the transformative potential of tokenizing unconventional assets, stating that it could unlock liquidity and enable broader investment opportunities for smaller investors worldwide. By tokenizing traditionally illiquid assets, the Mantra-Damac partnership is paving the way for greater accessibility and innovation in blockchain-based finance.

✨ Key UK FinTech Investment Stats for Q1 2024: 🔵 Despite a 40% decrease in deal activity, the UK FinTech sector remains resilient, adapting to market challenges 🌟 #Resilience 🟠 Blockchain & Digital Assets Dominate: The emergence of Blockchain & Digital Assets as an active subsector signals diversification and potential for future growth opportunities within the UK FinTech landscape 🚀 🟢 UK FinTech companies, although facing a 31% reduction in funding, continue to innovate and drive growth in the industry 💡 📈 Check out the detailed report from our friends at FintechGlobal below. #FinTech #Techtrends #TechNews #RokaSearch

🌐 Key Takeaways from GFTN’S Q3 Fintech Investment Report🌐   Amid global economic pressures, the fintech sector faced notable funding declines across most regions this quarter, reflecting cautious investor sentiment. Here are some insights on Singapore’s FinTech industry at the end of September 2024: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐨𝐰𝐧𝐭𝐫𝐞𝐧𝐝 𝐰𝐢𝐭𝐡 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: Singapore reported US$1.25 tbillion (B) in FinTech investments from 100 disclosed deals from January to September 2024, a decline of 29% from the same period the previous year. Q3 2024 saw Singapore's FinTech funding fall to US$246 million (m), a decrease of 51% from Q3 2023. 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐒𝐡𝐢𝐟𝐭 𝐭𝐨 𝐄𝐚𝐫𝐥𝐲-𝐒𝐭𝐚𝐠𝐞 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬: Singapore saw strong interest in early-stage and seed funding, with corporate and later-stage VC funding down by 71% and 64%, respectively. 𝐓𝐨𝐩 𝐒𝐞𝐜𝐭𝐨𝐫𝐬: Wealthtech & Investments ($85M), Blockchain & DeFi ($83M), and Digital Assets ($49M) led Singapore’s fintech investment, emphasizing a strategic focus on digital infrastructure and alternative finance. 𝐀𝐜𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐌𝐚𝐣𝐨𝐫 𝐃𝐞𝐚𝐥𝐬: Key deals included Partior ($60M in Blockchain & DeFi) and SDAX ($50M in Wealthtech & Investments). Notable investors—Binance Labs, OKX Ventures, and Animoca Ventures—dominated the Web3 and Blockchain space. This quarter’s data underscores the importance of strategic adaptability in fintech as it evolves alongside economic shifts. 📈 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐝𝐢𝐯𝐞! https://lnkd.in/gsrC4B76 #Fintech #Investment #DigitalTransformation #Blockchain #Wealthtech #EarlyStageInvesting

UAE Varys Capital investment in Movement Labs pays off with $6 billion valuation #blockchain #developer #L2 #movementlabs #VarysCapital #MBSGlobalInvestment #UAE #GCC #investment Varys Capital MBS Global Investments