In 2000, base on his procedure for constructing explicit towers of modular curves, Elkies deduced explicit equations of rank-2 Drinfeld modular curves which coincide with the asymptotically optimal towers of curves constructed by Garcia and Stichtenoth. To generalize this result, we develop a new procedure to obtain equations of rank-m Drinfeld modular curves, with m 2. The resulting equations coincide with the celebrated (recursive and good) towers of curves constructed by Bassa, Beelen, Garcia, and Stichtenoth.