Tokenized Asset Coalition Announces 21 New Members to Advance Tokenization Standards

The Hong Kong Monetary Authority (HKMA) has reaffirmed its support for tokenized bond issuance, signaling a major step toward blockchain adoption in traditional finance. As part of its broader push for financial innovation, the central bank aims to enhance efficiency, transparency, and market accessibility in the bond market through distributed ledger technology (DLT). This initiative aligns with Hong Kong’s ambition to become a global hub for digital assets and tokenized finance.

MANTRA Blockchain has partnered with UAE-based real estate giant DAMAC to tokenize $1 billion worth of real-world assets (RWA), marking a major step in blockchain-powered real estate investment. This collaboration aims to enhance liquidity, transparency, and accessibility in the property market by leveraging tokenization technology. As institutional adoption of blockchain-based asset management grows, this partnership sets a new benchmark for real estate tokenization in the Middle East and beyond.