MANTRA Launches $108M Ecosystem Fund to Fuel RWA Tokenization & DeFi Growth
MANTRA Chain, a Layer 1 blockchain purpose-built for regulated Real-World Assets (RWA), has announced the launch of the MANTRA Ecosystem Fund (MEF), a substantial USD $108.8 million investment initiative. This fund is designed to significantly accelerate the development and adoption of innovative blockchain projects globally, with a strong focus on RWA tokenization.
Accelerating the RWA Revolution
The tokenization of real-world assets – converting ownership of assets like real estate, commodities, or financial instruments into blockchain-based tokens – is a rapidly growing sector, projected by some analyses to become a multi-trillion dollar market by 2030. MANTRA Chain aims to be a leading platform in this space, providing a secure, compliant environment for bringing these assets on-chain. The MEF is a key part of this strategy.
Introducing the $108M MANTRA Ecosystem Fund (MEF)
The MEF represents a major commitment to fostering innovation within the MANTRA ecosystem and the broader RWA space. Key details include:
Size & Duration: The fund totals $108,888,888 and aims to deploy this capital over the next four years.
Goal: To support high-potential blockchain projects globally, acting as a growth engine by providing capital alongside global investment firms.
Focus: Primarily targets attracting and supporting teams innovating with RWA tokenization and contributing to the evolution of Decentralized Finance (DeFi).
Inclusivity: Welcomes projects at any development stage and is open to projects building on other chains ("chain agnostic"), aiming to foster broad collaboration.
John Patrick Mullin, CEO and founder of MANTRA, stated: "In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real-world assets.”
Investment Focus & Network
The MEF will assess projects based on pitches and potential impact, concentrating on areas like RWA trading, lending/borrowing, asset management, and derivatives. The fund leverages an impressive network of partners and backers who contributed to the initiative, including prominent names like Laser Digital, Shorooq Partners, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, DAMAC (UAE), Fuse, LVNA Capital, and Forte.
About MANTRA Chain
MANTRA Chain, founded in 2020, is a security-first Layer 1 blockchain built using the Cosmos SDK, specifically designed for the tokenization of Real-World Assets (RWAs) in a regulatory-compliant manner. It positions itself as a "permissionless blockchain for permissioned applications," aiming to bridge traditional finance with DeFi. MANTRA recently secured a Virtual Asset Service Provider (VASP) license from Dubai's VARA. Its native token is OM.
Looking Ahead
The launch of the $108M MANTRA Ecosystem Fund provides significant firepower to accelerate development within the MANTRA ecosystem and the broader RWA tokenization space. By backing innovative projects and fostering collaboration between blockchain pioneers and established investors, the MEF aims to play a key role in bringing more real-world assets on-chain and shaping the future of decentralized finance, with strong ties and potential impact within the MENA region through partners like DAMAC and Shorooq.
Source: Waya Media