MANTRA Launches $108,888,888M Fund to Elevate RWA Adoption and Growth
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MANTRA Chain, a prominent L1 blockchain for RWA, launches the MANTRA Ecosystem Fund (MEF), a $108,888,888 million investment initiative to accelerate the adoption of tokenized real-world assets (RWAs). This comes after MANTRA received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license permits the platform to provide broker-dealer, investment, and asset management services as a Virtual Asset Exchange.
Over the next four years, the MEF will fund blockchain projects to serve MANTRA’s objectives. The projects can be at any level of development and do not need to be centered around MANTRA’s chain. The goal of this open framework is to allow different teams in the tokenization space.
Global Network of Partners and Investors
Backed by a large consortium of incubators, accelerators and capital partners, the fund offers exposure to top-quality startups worldwide. MEF’s strategic partners in sourcing those opportunities include Laser Digital, Shorooq Partners, Brevan Howard Digital, Three Point Capital, Amber Group, Manifold, DAMAC, UoB Venture and LVNA Capital.
These partners will also bring access to networks, technical expertise, and advisory support. The MEF will seek to concentrate on supporting a select few better-aligned projects that will comprehensively strengthen relationships among stakeholders in the ecosystem.
Meanwhile, Gideon Daitz of Three Point Capital, the man tapped to lead MEF, said MEF will focus on improving the infrastructure and tokenization of RWA. The statement also indicated that the firm aims to ensure that it works on projects that exhibit strong fundamentals and offer potential to create long term value.
A Platform for Tokenization-Driven Growth
MANTRA asserted that the MEF is poised to become a growth engine for the wider blockchain ecosystem. This initiative aims to encourage innovation in the RWA sector, for instance, regulatory-compliant solutions, technical compatibilities, and institutional-quality building features based on blockchain.
MANTRA Chain’s architecture was tailored to the regulator’s needs, allowing users to achieve cross-chain operations seamlessly. Therefore, the platform strives to create a regulated and open blockchain environment that encourages financial institutions, developers, and startups to build in the RWA space.
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