MNT price rallies as Mantle and Securitize unveil $400M index fund
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Mantle announced an institutional-grade cryptocurrency index fund with the latest X post.
The blockchain has collaborated with asset tokenization company Securitize to commit $400 million to the new MI4.
Mantle will share its blockchain expertise and offer financial support, while Securitize provides tokenization infrastructure and compliance rails.
Mantle stated:
The next chapter with Mantle Index Four (MI4) begins. An institutional-grade fund that provides diversified beta exposure to yield-bearing digital assets, with Securities as a tokenization partner and Mantle Treasury as an anchor investor.
Mantle’s native token displayed a bullish performance following the news.
While most altcoins consolidate after the latest broad-based rally, MNT gained over 5% over the past 24 hours.
Optimism around the massive $400 index fund and Coinbase adding MNT to its roadmap kept Mantle’s native token afloat in the past 24 hours.
The $400 million backing
MI4 offers institutional investors access to top digital currencies, including Bitcoin, Ethereum, Solana, and US-pegged stablecoins.
The fun promises a balanced crypto exposure, using risk-based allocation approaches and market cap as determinants.
Meanwhile, the $400 million “vote of confidence” has sparked optimism within the cryptocurrency community.
The massive MI4 commitment signals institutional trust in tokenization.
Furthermore, MI4 embraces decentralization.
While traditional funds boast legacy financial infrastructure, Mantle’s index fund prioritizes reduced administrative overhead, real-time auditability, and quick settlements.
Meanwhile, Mantle’s massive initial investment reflects the increasing shift toward blockchain investments.
Meanwhile, MI4 targets traditional institutions (asset managers, family offices, and hedge funds) looking to enter the crypto industry with institutional-grade structure and compliance.
These entities will enjoy exposure to multiple digital tokens, market cap and risk-based allocation, and real-time transparency.
The index fund can be ideal for investors looking to participate in the crypto market without analyzing individual tokens on constant re-allocations.
Notably, MI4 eclipses Securitize’s earlier $148 million Blockchain Capital (BCAP) fund.
While BCAP represented the first attempt to tokenize venture capital investments, MI4 zeroes in on scalable fund architecture and liquid cryptocurrencies.
The landmark evolution highlights the robust growth within the tokenized finance space, with initial experiment efforts turning into solid investment products.
MNT price outlook
While most alts consolidated after the latest rally, Mantle’s token remained elevated.
It gained more than 5% in the past 24 hours to trade at $0.7322.
It has extended its weekly gains to 10%, and the soaring trading volume signals persistent bullish activity.
MNT bulls are eyeing further upticks toward the resistance at $0.8646, an approximately 18% surge from current prices.
The prevailing broad market sentiments support Mantle’s potential surge.
Bitcoin targets breakouts past $95,000, which could shift the market’s short-term trajectory to bullish. BTC trades at $93,610 during this publication.
The post MNT price rallies as Mantle and Securitize unveil $400M index fund appeared first on Invezz
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