MANTRA Chain, a security-first RWA Layer 1 blockchain, has announced the launch of a new multi-million dollar ecosystem fund.
The blockchain’s MANTRA Ecosystem Fund (MEF) is a $108 million investment initiative, aimed at fostering the growth and adoption of real-world asset (RWA) innovation.
The MEF is supported “by a strong network of partners and investors,” said official press release shared with Crypto News.
“The MEF will deploy up to $108,888,888 million over the next four years to support high-potential blockchain projects around the world.”
MANTRA Fund to provide Capital to Startups
MANTRA Chain comprises a vast partner network, which includes accelerators and capital partners, the company said. The firms include Laser Digital, UoB Venture, Three Point Capital, Amber Group, among others.
The partnership will help MEF gain exposure to top-tier projects worldwide, the release read. Further, the fund will function as a “strategic growth engine,” in offering capital to startups.
“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,” John Patrick Mullin, CEO and founder of MANTRA, noted.
MANTRA Finance platform recently secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
Significant Growth in RWA Tokenization
Real-world asset tokenization has been evolving fast in recent months, with regulatory shifts and other factors like increased interoperability. The total value of tokenized real-world assets surpassed $15.2 billion at the end of last year, according to industry estimates.
Gideon Daitz, partner at Three Point Capital, who will lead the MEF said that the primary mission of the fund is to “support the development of RWA tokenization globally.”
He added that MANTRA’s fund will offer capital, network, and advice to put high-quality assets on-chain.
The MEF aims to attract and support teams, innovating with RWA tokenization, and welcoming projects at any developmental stage, the release added.
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