MANTRA Chain, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs), today announced the launch of the MANTRA Ecosystem Fund (MEF), a $108 million investment initiative designed to accelerate the growth and adoption of projects within its ecosystem.

The announcement comes after the company became the first DeFi platform to successfully obtain a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange and provide broker-dealer, management, and Investment Services.

MANTRA Fund to provide Capital to Startups.

MANTRA Chain comprises a vast partner network that includes accelerators and capital partners. Firms include Laser Digital, UoB Venture, Three Point Capital, and Amber Group.

The release read that the partnership will help MEF gain exposure to top-tier projects worldwide. Nonetheless, the fund will function as a “strategic growth engine” in offering capital to startups.

“Moreover, in an era when blockchain technology is revolutionizing finance, the MEF will catalyze groundbreaking projects that drive real-world adoption through a focus on the tokenization of real-world assets,” John Patrick Mullin, CEO and founder of MANTRA, noted.

The Finance platform recently secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).

Fostering Innovation And Growth.

Gideon Daitz, a partner at Three Point Capital and the appointed leader of the MEF, highlighted the fund’s core mission: to bolster the global development of RWA tokenization. He remarked on the fund’s commitment to empowering teams through capital, comprehensive support, and a vast network.

Nonetheless, the aim is to cultivate advancements within its ecosystem and embrace a collaborative philosophy that will benefit the broader blockchain community.

Additionally, the company is open to attracting and nurturing top-tier projects working on RWA tokenization, regardless of their current stage of development. By promoting partnerships between pioneering blockchain innovators and leading investment firms, the MEF is slated to emerge as a pivotal player in the evolution of decentralized finance and the adoption of RWAs.

Real-world asset tokenization has been evolving quickly in recent months, driven by regulatory shifts and other factors like increased interoperability. According to industry estimates, the total value of tokenized real-world assets surpassed $15.2 billion at the end of last year.