MANTRA Concludes $11M Funding Round to Boost RWA Tokenization - TheNewsCrypto

A fresh investment round for MANTRA, the Layer 1 blockchain for Real World Assets (RWA), has concluded, the company stated. Leading MENA venture and technology investor Shorooq Partners spearheaded the $11 million funding round. A wide spectrum of strategic investors also contributed to the fundraising, including Three Point Capital, Forte Securities, Virtuzone, Hex Trust, GameFi Ventures, and others.

The new funding round will help MANTRA achieve its objective of facilitating large-scale RWA tokenization. The funds raised will be utilized to accomplish three main goals: building globally-compliant infrastructure that complies with regulations; providing developers with the resources they need to design RWA-focused protocols on MANTRA Chain; and increasing the tokenization of tangible assets while highlighting business prospects in the Middle East and North Africa (MENA) and Asia.

By increasing market liquidity and promoting development, MANTRA seeks to increase investment accessibility in the Middle East and Asia. After previously encountering obstacles to accessing financial markets, this will promote economic growth and activity in these areas. Simplifying the acquisition and sale of assets will encourage entrepreneurship, open up new investment opportunities, and draw in foreign capital. This is in line with both areas’ objectives to be leaders in financial innovation, fostering regional prosperity and economic progress.

With the goal of facilitating the onchain movement of billions of dollars in institutional capital, MANTRA aims to hasten the implementation of tokenized RWAs. By offering a regulated framework for the creation and trading of RWAs, MANTRA Chain enables TradFi businesses to take use of all the advantages that blockchain technology has to offer. As interest in digital assets and blockchain solutions grows, MANTRA is well-positioned to benefit from this trend by providing a concrete, robust, and safe use of blockchain technology.

The launch of Hongbai, MANTRA Chain’s incentive-driven testnet, and the $11 million financing round occur at the same time. Hongbai, a combination of the names Hong Kong and Dubai, denotes MANTRA’s intention to concentrate their onboarding activities on these two hubs of the financial world. By launching the MANTRA Chain testnet, the Middle East and Asia will be connected both literally and metaphorically. By doing this, it will promote international economic cooperation and establish a new standard for RWA tokenization. As a result, the economies of both regions will benefit from the easier flow of ideas, capital, and resources.

John Patrick Mullin, MANTRA’s CEO, said:

“This funding not only accelerates our vision of bringing the world’s financial ecosystem onchain, but also solidifies our commitment to the Hong Kong and Middle Eastern markets, where our physical offices in Hong Kong and Dubai stand as beacons of innovation. We’re crafting an infrastructure designed for builders, institutions, enterprises, and users keen on exploring RWAs. It’s a testament to our mission of making asset tokenization a cornerstone of financial inclusivity and market development.”

Shane Shin, Founding Partner of lead investor, Shorooq Partners, added:

“MANTRA stood out to us for its pioneering approach to RWA tokenization and its commitment to regulatory compliance. Their strategic focus on significant markets like Hong Kong and Dubai aligns with our vision for financial innovation and inclusion. We’re investing not just in technology, but in a future where digital and traditional assets converge seamlessly. MANTRA is set to lead this transformation, and we’re thrilled to support their journey.”

Visit https://www.mantrachain.io/ to learn more.