MANTRA has unveiled a $108,888,888 million ecosystem fund for real-world assets innovation.
Takeaway Points
- The $108 million investment is designed to boost the growth and adoption of projects within the MANTRA ecosystem.
- MANTRA’s investment opportunities will be sourced through its wide partner network.
- MANTRA Chain is a layer 1 blockchain purpose-built for tokenized real-world assets.
$108M Fund for RWA Innovation
MANTRA Chain, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs), on Monday announced the launch of the MANTRA Ecosystem Fund (MEF), a $108,888,888 million investment initiative designed to boost the growth and adoption of projects within the MANTRA ecosystem.
The announcement of the MEF took place after MANTRA became the first DeFi platform to successfully get a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services, the layer 1 blockchain said.
John Patrick Mullin, CEO and Founder of MANTRA, commented, “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.”
“By aligning with top investors and incubators, we are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem and bringing more of the world on-chain,” John added.
Gideon Daitz, partner at Three Point Capital, who will lead the MEF, said, “Our primary mission with the MEF is to support the development of RWA tokenization globally, empowering teams with capital, network, and advice to put the world’s highest-quality assets on-chain. We are primarily focused on building out the MANTRA ecosystem, but we genuinely believe in playing a non-zero-sum game, where collaboration and a broad open-arms policy will serve our community and industry best.”
Daitz added, “We are seeking to make high conviction, resource heavy developments into fewer more focused teams, ultimately fostering stronger and more ingrained ties through our diverse network of resources.”
The MEF
According to the report, the MEF will use up to $108,888,888 million over the next four years to support high-potential blockchain projects around the world. The MEF will serve as a strategic growth engine, providing capital to startups alongside globally renowned investment firms.
Mantra explained that the investment opportunities will be sourced through its wide partner network, including leading incubators and accelerators and capital partners.
The MEF goal is to attract and support the best teams in the world innovating with RWA tokenization, welcoming projects at any developmental stage, and even those that are chain agnostic, the report stated.
About MANTRA
MANTRA Chain is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.
MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services.
