crypto.news
Layer-1 blockchain $MANTRA and United Arab Emirates-based tokenization platform Libre Capital aim to drive further adoption of tokenized real-world assets
On Nov. 4, $MANTRA (OM) and Libre Capital announced a partnership leveraging their combined strengths to offer on-chain funds to $MANTRA’s institutional or accredited users.
$MANTRA stated that the collaboration would use its purpose-built RWA blockchain along with Libre’s tokenization and issuance capabilities. Together, they aim to provide on-chain access to investment opportunities in hedge funds, money market funds, and private credit funds.
According to details in the announcement, a new integration is what will help eligible institutional investors access the on-chain funds on $MANTRA. This will be via Libre’s decentralized applications deployment dubbed “Libre Gateway DeFi dApps”.
Libre deploys this feature on integrated chains, allowing access to top-tier tokenized money market funds and others in a compliant way.
John Patrick Mullin, co-founder and chief executive officer of $MANTRA said:
“With the addition of protocols like the Libre Gateway, $MANTRA can better equip users with a best-in-class collection of tools to continue to grow the real-world asset economy.”
$MANTRA Chain’s integration of Libre Gateway allows various benefits for the L1 platform’s users, including access to treasury management tools. Libre on the other hand will explore the RWA-specific infrastructure that the layer-1 blockchain network offers, Dr. Avtar Sehra, founder and chief executive officer of Libre, noted.
$MANTRA Chain launched its mainnet in October and recently partnered with Google Cloud, which is a validator and infrastructure provider. One of the goals of the partnership is to bolster $MANTRA’s real-world assets market via an accelerator program.
The RWA accelerator program will go live in the first quarter of next year.