Mantra Unleashes $108 Million Fund to Ignite Real-World Asset Tokenization

Mantra, a layer 1 blockchain specifically architected for the tokenization of real-world assets (RWAs), has announced the launch of a $108,888,888 Ecosystem Fund (MEF) .

The announcement follows Mantra's recent achievement of becoming the first DeFi platform to secure a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to operate as a virtual asset exchange and provide broker-dealer and management and investment services, positioning Mantra as a key player in the regulated RWA space.

The MEF, backed by a robust network of partners and investors including Nomura's Laser Digital, Amber Group, Brevan Howard Digital, UOB Venture Management and others, will deploy its capital over the next four years to support promising blockchain projects globally, according to an announcement on Monday.

Serving as a strategic growth engine, the fund will provide crucial capital and leverage Mantra's network of leading incubators and accelerators to source high-potential investment opportunities.

"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 said in the announcment. "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."

"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," Gideon Daitz, partner at Three Point Capital, who will spearhead the MEF, said.

The MEF said it welcomes projects at all stages of development, even those that are chain agnostic, demonstrating a commitment to fostering broad collaboration within the RWA tokenization space.