Real-world assets are emerging as a pivotal sector within blockchain innovation, and MANTRA aims to lead in this domain.
The competition for dominance in the realm of real-world assets is intensifying. On April 7, MANTRA Chain announced the launch of a $108.8 million ecosystem fund designed to nurture the growth of the RWA sector. The MANTRA Ecosystem Fund plans to distribute the funds over a four-year period to support startups at various stages worldwide.
According to CEO John Patrick Mullin, MANTRA will identify startups for investment through its extensive network of investment partners and incubators, which includes notable names such as Brevan Howard Digital, Amber Group, Laser Digital, Shorooq, and Valor Capital, among others.
“By partnering with leading investors and incubators, we are creating opportunities for innovative founders and teams to collaborate in building a vibrant ecosystem and integrating more of the world on-chain,” stated John Patrick Mullin, CEO and founder of MANTRA.
The fund will primarily prioritize projects within the MANTRA ecosystem, which is focused on establishing a platform for RWAs that emphasizes regulatory compliance. Nevertheless, other initiatives within the industry will also be considered for investment.
“We truly believe in fostering a non-zero-sum environment, where cooperation and an inclusive approach will benefit our community and the industry as a whole,” commented Gideon Daitz, partner at Three Point Capital.
MANTRA obtains Dubai VASP license
The announcement of the fund follows MANTRA’s acquisition of a Virtual Asset Service Provider (VASP) license in Dubai on February 19. Dubai represents a crucial market for MANTRA, where the firm has initiated several projects, including a collaboration with Dubai-based DAMAC Group to provide tokenized financing of $1 billion for its real estate developments.
Asset tokenization is proving to be a significant application of cryptocurrency. Its potential to enhance the accessibility of investments is contributing to its rapid expansion, with a projected market cap of $50 billion by 2025. Furthermore, forecasts from McKinsey indicate that the overall RWA market cap could reach $2 trillion by 2030.