cryptonews.net
Mantra, a Layer 1 (L1) blockchain built for tokenized RWAs, has launched the Mantra Ecosystem Fund (MEF) to accelerate the growth and adoption of projects and startups running on its network. Mantra said it will distribute capital to high-potential blockchain projects around the world over the next four years, with investment opportunities sourced through Mantra’s network of partners. The fund’s backers include a wide range of institutional partners, including Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, and Amber Group.
The fund’s launch comes a month after Mantra became the first DeFi platform to receive a Virtual Asset Service Provider (VASP) license under Dubai’s Virtual Assets Regulatory Authority (VARA). The timing of the fund’s launch coincides with growing institutional interest in RWAs, which some see as a hedge against cryptocurrency market volatility and broader economic uncertainty.
Despite the broader market downturn caused by concerns over U.S. tariffs, the value of tokenized RWAs has recently surged to record highs. According to RWA.xyz, the total market cap of RWAs reached more than $19.6 billion as of early April, up from $17 billion in early February. Industry observers believe that Bitcoin’s lack of growth could see RWAs reach an all-time high of $50 billion before the end of 2025.
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