UAE MANTRA tokenization platform launches Google supported accelerator

UAE MANTRA tokenization platform launches Google supported accelerator

UAE based MANTRA, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs) has launched RWAccelerator – a start-up accelerator program designed to empower builders and startups with investment capital, mentors, dedicated AI support supported by Google Cloud.

The RWAccelerator program will focus on projects with a strong interest in the tokenization of real-world assets, across real estate, financial products and alternative assets.

The World Economic Forum projecting that by 2027, 10% of the world’s GDP – approximately $10 trillion – will be stored on blockchain networks, with Real World Assets (RWAs) playing a significant role in the transformation.

Applicants to the RWAccelerator will have the choice of three themed tracks; infrastructure, tokenization and DeFi. Selected projects will receive support from the Google for Startups Cloud program that provides access to Google Cloud resources including cloud credits, technical support and workshops led by Google engineers.

“This is a powerful opportunity for startups to harness cutting-edge technology and gain access to resources and mentorship,” said John Patrick Mullin, CEO of MANTRA. “With support from Google Cloud, this RWAccelerator will allow startups to reach new heights and significantly contribute to the wider Web3 community.”

Richard Widdman said, “We’re excited to collaborate with MANTRA to support the next wave of innovative Web3 startups focused on tokenizing real-world assets. By providing access to Google Cloud’s infrastructure and expertise, we aim to create an environment where these startups can truly thrive, experiment, and push the boundaries of what’s possible in the Web3 space.”

Applications for the first intake to the RWAccelerator will be accepted starting today through March 20, 2025.

The announcement comes as Mantra Finance secures Dubai VARA VASP license for DeFi.

Blockchain tokenization entity CryptoAutos acquires $20 million worth of luxury vehicles in Dubai

Blockchain tokenization entity CryptoAutos acquires $20 million worth of luxury vehicles in Dubai

CryptoAutos,a Real-World Asset (RWA) entity in the Blockchain tokenization space, has acquired a rental fleet of luxury vehicles worth $20 million in Dubai UAE. As per the announcement CryptoAutos is seeking to bridge digital assets with physical assets and aimed at redefining vehicle ownership and investment through blockchain technology.

“Acquiring real-world assets and making them accessible through tokenization is at the core of what we do,” said Waqas Nizam, Founder of Crypto Autos. “This $20M fleet acquisition is another step towards enabling individuals to leverage their digital assets in meaningful, practical ways. Let’s put it into perspective – we’ve spent $20M on this fleet, this is significantly more than the majority of RWA projects have managed to raise.”

Backed by multiple funding rounds of $60,000,000 and $7,500,000 CryptoAutos will create investment opportunities in its fleet, allowing users to potentially earn yield in USDT from both the rental and sales of its luxury vehicles. Investors will benefit from an estimated annual rental yield of $15,000,000, making this a lucrative real-world asset-backed investment.

Through CryptoAutos’ platform, users can invest in fractional ownership of high-value vehicles, receive potential rental-based earnings.
Gain exposure to the appreciation and resale value of exotic cars, and by combining the efficiency of blockchain with real-world revenue streams, CryptoAutos ensures that digital asset holders can participate in a stable, high-yield investment model.

CryptoAutos’ decision to establish a stronghold in Dubai aligns with the region’s growing adoption of crypto-backed investments and digital finance.

“With its progressive stance on blockchain and finance, Dubai is the perfect location for our first acquisition,” added Waqas. “The city provides the ideal ecosystem for RWAs to flourish, and we are excited to drive this movement forward.”

As the company continues its expansion, CryptoAutos is set to introduce additional asset-backed opportunities, further bridging the gap between Web3 and traditional industries. The latest acquisition is just the beginning of a broader strategy to integrate RWAs into everyday transactions, making digital asset usability more practical than ever before.

It is noteworthy that CryptoAutos, while having acquired $20 million worth of vehicles in Dubai UAE, has yet to be regulated in the country.

Allo XYZ tokenization platform accepted into Qatar Digital Assets Lab

Allo XYZ tokenization platform accepted into Qatar Digital Assets Lab

UAE based Allo.xyz, a blockchain platform for AI Agent Funds and Real World Assets with $2 billion+ in tokenized assets, which received a $100M credit facility backed by Bitcoin has been accepted into Qatar’s Digital Assets Lab, bolstering its presence in the crypto lending sector.

Allo xyz has participated in Binance Labs and BNB Chain’s MVB Accelerator program and tokenized $2.2B in assets on BNB Chain. The company seeks to tokenize $1 trillion assets by 2030.

RWA tokenization is the process of converting rights to a real-world asset into a digital token on a blockchain. These assets can include real estate, art, commodities, or even intellectual property. By tokenizing these assets, we bridge the physical world and the digital realm, enabling fractional ownership, increased liquidity, and more efficient trading.

In 2025, the concept of tokenization has seen remarkable growth, the growth trajectory suggests that the RWA tokenization market could potentially reach a staggering $30.1 trillion by 2034.

“We’re projecting a very strong Q4 this year. Stablecoins are about $200 billion. In TVL, we have treasuries at about a few billion dollars. Private credit at about $10 billion. Treasuries, stablecoins, and private credit are early movers in the space, and we’ll see a continuation of that,” said Kingsley Advani, Founder and CEO of Allo XYZ told BeInCrypto in a recent article.

So far the Qatar Digital Assets Labs has accepted, Accelerated Sustainable Materials Discovery, Alt DRX a Digital Real Estate Exchange, ArcaX, Asset Share, Audteye, Blade Labs, BlockStead, FinRock, DMZ, evergon, FalconNest Labs, iTOO technologies, mintus, oori, partier, Polygon, Proptech, Scie NFT, SettleMint, SeedraChain, Skarguard Taurus, xALTs, Verity, SurferMonkey, Ryzer Doha Digits, Hacken, Root VX, DAVID and Stobox.

Mantra Finance secures first DeFi license in UAE

Mantra Finance secures first DeFi license in UAE

Mantra Finance a decentralized Finance platform operated by MANTRA Group, has secured the first DeFi license from Dubai’s Virtual Assets Regulator Authority (VARA).

Mantra Finance with the license will be able to operate as a Virtual Asset Exchange, as well as offer crypto broker dealer and management investment services.

As per the press release, this is significant milestone in MANTRA’s commitment to regulatory compliance, security, and innovation within the rapidly growing virtual assets ecosystem. The VARA license will support not just MANTRA’s global footprint as it introduces a range of innovative, regulatory-compliant financial products tailored to the evolving needs of investors around the world, but position it to further scale operations in the Middle East focused on the tokenization of real world assets (RWAs).

“By establishing the most timely, comprehensive and built from-the-ground-up framework for virtual assets and Web3, Dubai and VARA have become world leaders in crypto regulation. This license was a crucial step for MANTRA and a key step in our journey towards global expansion,” said John Patrick Mullin, CEO of MANTRA.

“The UAE and broader MENA region has fast become a progressive global hub and thriving ecosystem for Web3 and virtual assets owing to their regulatory initiatives and frameworks. This license not only strengthens our presence regionally, it positions us internationally to deliver unique DeFi products that bridge the gap between decentralized finance and traditional finance. Our goal is to build a future-focused financial ecosystem that benefits institutional and qualified investors globally.”

“By obtaining this license, MANTRA joins a growing community of regulated entities operating within the UAE, and we are excited to work alongside industry leaders to shape the future of virtual assets,” added Mullin. “Our regulatory compliance is fundamental to the trust we build with users, and it reflects our long-term vision of driving responsible growth in the digital asset space.”

As the platform continues to innovate, MANTRA will launch a variety of unique DeFi products designed to meet the dynamic needs of investors. Each product is developed with strict adherence to local regulations and international policy frameworks, ensuring that users benefit from both security and cutting-edge financial tools.

Mantra raised $11 million from Shorooq Partners in UAE

MANTRA Chain a Layer 1 blockchain for real world tokenization, raised $11 million led by UAE based Shorooq Partners with investors including Three-point capital, Forte Securities, VirtuZone, Hex Trust and GameFi Ventures. The news which was published in Coindesk stated, that Mantra Chain was in the final stages of receiving licenses from Dubai’s crypto regulator, VARA.

Mantra is already posed for success with its recent agreement with DAMAC Group to tokenize $1 billion worth of assets. In addition it has also signed an agreement to tokenize assets worth half a billion dollars with MAG Group.

Tokinvest and HKVAX crypto exchange partner for tokenized investments

Tokinvest and HKVAX crypto exchange partner for tokenized investments

UAE regulated, Tokinvest, real-world asset tokenization marketplace, and HKVAX, a crypto asset trading platform, have partnered to transform the global digital asset markets by linking Hong Kong’s established financial infrastructure with Dubai’s rapidly expanding virtual asset ecosystem. The alliance seeks to pave the way for a new era of tokenized investments.

By bringing together HKVAX’s SFC-regulated platform in Hong Kong and Tokinvest’s VARA-licensed broker-dealer operations in Dubai, this collaboration establishes a cross-regional tokenization corridor. The alliance will enable seamless token offerings, asset structuring, and secondary market trading, providing institutional investors with greater market accessibility while ensuring regulatory compliance across jurisdictions.

The partnership is set to drive cross-border liquidity, enhance market efficiency, and unlock new investment opportunities in tokenized real-world assets (RWAs), such as real estate, private equity, and alternative assets. In an industry that is still in its early stages, this strategic collaboration marks a significant step towards mainstream adoption of regulated digital asset markets.

“This strategic bridge between Hong Kong and Dubai represents more than just a partnership – it’s a gateway to seamless digital asset flows between two of Asia’s most dynamic financial centers.” said Sam Fok, Co-founder and COO of HKVAX. “Through our collaboration with Tokinvest, we’re creating new pathways for institutional investors while upholding the highest regulatory standards in both markets.”

Scott Thiel, CEO of Tokinvest, added, “Tokenisation is the future of finance, but to reach its full potential, we need strong regulatory frameworks and seamless market connectivity. This partnership with HKVAX creates a vital link between two global financial powerhouses, enabling investors to access previously untapped opportunities with greater security, liquidity, and efficiency. The future of real-world asset tokenisation is borderless, and this is just the beginning.”

UAE Mantra tokenization platform integrates Bitget Wallet

UAE Mantra tokenization platform integrates Bitget Wallet

Bitget Wallet, a leading Web3 non-custodial wallet, is now fully supporting the UAE based Mantra Mainnet, a Layer 1 blockchain focused on the tokenization of real-world assets (RWA).

As per the press release, with this integration, Bitget Wallet users can easily access Mantra’s network to transfer and receive $OM tokens, participate in cross-chain transactions, and explore staking opportunities through Mantra’s DApp.

The Mantra Mainnet is designed to enable the onchain representation of real-world assets, bridging the gap between traditional finance and blockchain ecosystems. Through tokenization, Mantra aims to provide a scalable and flexible foundation for integrating RWAs within decentralized finance (DeFi). By offering a compliant-ready framework, it positions itself as a key player in unlocking RWA potential.

Bitget Wallet’s integration with Mantra highlights its commitment to expanding user access to emerging on-chain asset ecosystems. Users can interact seamlessly with Mantra’s DApp, which offers $OM token staking, cross-chain functions, and official rewards programs. This integration aligns with the growing trend of bringing real-world asset exposure to the decentralized world.

Looking ahead, Bitget Wallet plans to deepen its collaboration with Mantra through upcoming reward programs designed to encourage user participation in the evolving RWA ecosystem. “As real-world assets move on-chain, wallets become gateways to a new era of finance,” said Alvin Kan, COO of Bitget Wallet. “Our partnership with Mantra accelerates this shift by providing users with direct access to tokenized assets, reshaping how value is stored, transferred, and grown in the digital world.”

UAE Tungsten Custody also announced support for Mantra

Earlier this week, UAE regulated, digital asset custodian, Tungsten Custody Solutions Ltd, also announced its support for UAE MANTRA (OM) Blockchain with its custodial services.

The collaboration would enable institutional clients to securely custody OM tokens while leveraging Tungsten’s regulated framework, ensuring the highest levels of security, transparency, and compliance. Tungsten Custody’s collaboration with MANTRA reinforces its commitment to supporting the broader MANTRA blockchain ecosystem that empowers developers and institutions to seamlessly participate in the evolving real world asset (RWA) tokenization space.

Mantra Blockchain to tokenize $1 billion worth of Assets for DAMAC

The support Mantra Blockchain for real world tokenization comes weeks after Mantra announced it would be tokenizing $1 billion worth of assets for DAMAC Group in the UAE.

UAE Crypto custodian Tungsten to custody Mantra Blockchain tokens

UAE Crypto custodian Tungsten to custody Mantra Blockchain tokens

UAE regulated, digital asset custodian, Tungsten Custody Solutions Ltd, will support UAE MANTRA (OM) Blockchain with its custodial services.

As per the press release, the collaboration will enable institutional clients to securely custody OM tokens while leveraging Tungsten’s regulated framework, ensuring the highest levels of security, transparency, and compliance. Tungsten Custody’s collaboration with MANTRA reinforces its commitment to supporting the broader MANTRA blockchain ecosystem that empowers developers and institutions to seamlessly participate in the evolving real world asset (RWA) tokenization space.

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. The OM token is the core utility and governance token of the MANTRA Chain ecosystem and powers various features of the blockchain. By integrating with Tungsten Custody, institutional investors and funds can now access regulated custody, enhanced accessibility, and robust infrastructure.
Jose J. Perez Aguinaga, SEO of Tungsten, commented, “The integration of MANTRA (OM) into our custody services, along with our collaboration with the MANTRA , represents a key milestone in our mission to provide institutional investors with secure, compliant, and scalable digital asset solutions. As blockchain adoption expands, regulated custody is essential for bridging institutional finance with decentralised ecosystems. Tungsten Custody is proud to support MANTRA’s vision and provide the infrastructure needed for institutional participation in tokenised economies.”

John Patrick Mullin, Co-Founder & CEO of MANTRA, added, “At MANTRA we firmly believe that institutional adoption is best driven through a commitment to security, regulation and compliance. The integration of OM into Tungsten Custody’s growing portfolio of supported assets, underscores a shared commitment to bridging traditional finance with blockchain-powered institutional services – particularly in the United Arab Emirates – a key region for MANTRA.”

Mantra Blockchain tokenization platform has been making strong strides in the UAE tokenization ecosystem especially with its recent agreement with DAMAC to tokenize $1 billion worth of assets.

UAE Tokinvest and InvestaX have partnered to deliver tokenized asset offerings

UAE Tokinvest and InvestaX have partnered to deliver tokenized asset offerings

Tokinvest, a market-leading real-world asset investment platform based in Dubai, and InvestaX, a leading tokenization platform based in Singapore, have partnered to enhance global accessibility to asset-backed and rights-linked virtual assets. The two entities will deliver an end-to-end solution for token offerings and secondary market trading across two markets that are global leaders in supporting the adoption of real-world asset tokenization.

The collaboration between Tokinvest and InvestaX will provide a seamless dual-market solution for real-world tokenized assets.  This includes structuring and creating virtual assets, issuing tokens in the primary market, raising capital, and facilitating liquidity and secondary market trading. The partnership leverages both companies’ complementary regulatory licenses and market reach: Tokinvest as a leader in the Middle East and InvestaX as a pioneering platform in Asia.

“Through this partnership, we are uniting two strong forces in the virtual assets world to bring greater access, efficiency, and liquidity to investors and asset owners,” said Scott Thiel, CEO of Tokinvest. “Our shared vision is to enhance the global ecosystem of tokenized assets and provide robust solutions for those looking to invest in the digital future.”

Julian Kwan, Co-Founder & CEO of InvestaX, added: “We’re excited to collaborate and bring Singapore and the UAE closer together through this partnership. We already have several projects in the pipeline, and we’re eager to launch them and contribute to the growth of this industry.”

Tokinvest has been increasing its partners over the past few months

Just last week, Tokinvest, and German based StegX, a platform for tokenized real assets based in Germany, have partnered to bridge tokenization between UAE and Germany. StegX has been collaborating with entities to bridge tokenization solutions with Singapore, and Latin America.

Additionally Tokinvest expanded its collaboration with Universal Digital Payments Network (UDPN) to launch a Tokenized Deposit and Stablecoin Management System.

29 percent of Middle East Wealth owners see crypto asset wealth transfer as a problem

29 percent of Middle East Wealth owners see crypto asset wealth transfer as a problem

As the popularity of crypto rises not only globally but in the UAE, a recent DIFC Innovation Hub, Julius Baer, and Euroclear report entitled “Navigating the Future of Inheritance” found that one of the most problematic assets to transfer as part of inheritance is crypto assets.

According to the report 24% of global wealth owner respondents cited crypto assets as problematic during the transfer process, while in the Middle East region, it was higher at 29%. The typical HNWI’s ( High Net Worth Individuals), estate is spread across more accounts and more documents globally than ever, many of which lie outside of the core responsibilities of the region’s wealth managers.

This is interesting especially given that The United Arab Emirates ranked fifth for crypto adoption worldwide, with the largest percentage of the population holding crypto at 30.4% (The average across all countries is 3%).


The Navigating the Future of Inheritance report addressed the complexities of inheritance at a time when the region stands on the verge of a historic transition of USD 1trn (AED 3.67trn) in wealth to heirs and extended family members. This includes High Net Worth individuals in the United Arab Emirates who have seen their assets grow by 20 percent to reach USD 700bn in value since 2022.

The report discussed how smart contracts can automate trust deeds administration with streamlined client onboarding at trigger events such as birthdays or deaths. In addition by tokenizing assets wealth holders could standardize and streamline the administration of all their holdings into a single digital portfolio with safe custody and better access to financing.

It would also ensure the HNWI’s had control over their data which was also something important to them, improving their data privacy and confidentiality. Tokenization could allow each individual’s data item to be separately permissioned – so that any one organization can see only what the original wealth holder wants them to see.

Smart Contracts for example would allow wealth holders to define their own administration and reporting rules especially with high complexity of tax and jurisdictional rules which is an issue for 81% of respondents in the survey. The use of smart contracts can be used to drive greater programmability of data and processes – and therefore reduce costs and complexity for investors and their wealth
managers.

In addition with 14% of respondents in the report struggling to define and document asset ownership, digital identity and tokenization would be able to create digital records with information on history, ownership and updates. The report notes that recent pilots in Europe have demonstrated that permissioned tokens can directly link Know Your Customer (KYC) information to securities investments, creating self-contained units of information that facilitate streamlined processing and verification.

Another issue that needs to be address is security. According to the report tokenized security records are both immutable and traceable which is a requirements for 14% of respondents who are struggling to verify the authenticity of assets.

Instant transfers for example is a requirement of 50% of respondents and 62% of non shariah wealth holders who usually have to wait over 6 months to transfer their assets today.

Finally, the report notes the potential benefits of tokenization appear equally apparent. In removing obstacles to proper estate planning and in smoothing the execution of wealth transfers, a new, industry platform could reduce costs and improve transparency, thereby delivering a range of social benefits that extend for generations.


More transparent wills would mean less pressure on existing family decision structures. Lower costs would mean greater access to inheritance beyond only HNWIs. Most of all, a tokenized ecosystem for inheritance could avoid unnecessary stress on family structures and ensure that more wealth is preserved for generations to come.

This will need more clarity on the rules that govern how digital assets can be recognized, and used, the the legal validity of electronic wills, stored as smart contracts; and how the rights of investors using tokens can be protected – across multiple jurisdictions where assets may be held and / or transferred.

UAE Scintilla for tokenization appoints ex compliance officer of Midchains

UAE Scintilla for tokenization appoints ex compliance officer of Midchains

Scintilla, an institutional-grade tokenization solution provider, which recently acquired UAE regulated TOKO a crypto exchange has appointed the previous head of compliance at Midchains, Janey Schueller, as Chief Compliance Officer. Scintilla views this key leadership addition as the company continues to expand its innovative digital asset creation platform and strengthen its compliance framework.

Janey Schueller brings over 18 years of senior banking, wealth management, and regulatory compliance experience to her new role, with a specialization in fintech and RegTech. Her career includes leadership positions at global financial institutions such as UBS AG, where she managed wealth planning, compliance, and dispute resolution teams across Asia and the UAE. Most recently, Janey served as Head of Compliance at MidChains, where she implemented fintech-driven compliance frameworks and ensured regulatory alignment with authorities like the Financial Services Regulatory Authority (FSRA) and Dubai’s Virtual Assets Regulatory Authority (VARA).

“Janey’s appointment is an exciting next step in Scintilla’s onward and upward journey to transform RWA tokenization,” commented Tim Popplewell, CEO of Scintilla. “Her extensive background in compliance and regulatory matters will be instrumental as we advance our mission of providing innovative, compliant digital asset solutions. Her leadership will help us navigate the evolving landscape of digital assets, ensuring we remain at the forefront of this dynamic industry.”

“Joining Scintilla feels like a natural step as they redefine compliance and innovation in finance,” shares Janey Schueller, Head of Compliance. “As regulatory frameworks evolve, the need for robust compliance is more critical than ever. I’m eager to contribute to Scintilla’s mission by ensuring our offerings meet the highest standards of compliance, paving the way for trusted and innovative tokenization solutions that empower our clients and support the future of finance.”