The Mantra Blockchain Network has launched an ecosystem fund of $ 108,88888 to accelerate the growth of startups focused on the tokenization of real assets (RWA) and decentralized finance (DEFI), in the middle of the growing demand for stable digital products and backed by assets.
Mantra, a layer 1 blockchain (L1) built for the Rwas Tokenized, launched the Mantra Ecosystem Fund (MEF) to accelerate the growth and adoption of projects and startups based on its network, according to an announcement of April 7 shared with Cointelegraph.
Mantra said he would deploy the capital over the next four years among “high potential blockchain projects” worldwide, with investment opportunities from the Mantra partners. Fund donors include a wide range of institutional partners, including Digital Laser, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital and Amber Group.
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Mantra CEO John Patrick Mullin said that the fund will exploit an “open arms policy, welcoming projects at any stage of development worldwide with particular accent on RWA and Defi”. Mullin told Cointelegraph:
“MEF’s thesis is to invest in leading teams to build RWA and DEFI applications, as well as additional infrastructure, which will directly and indirectly support the wider ecosystem.”
Mantra aims to become the underlying infrastructure layer for the problems of tokenized assets in the world, said Mullin.
Source: Mantra
The launch of the fund comes a month after Mantra became the first DEFI platform to obtain a Virtual Asset Service Provider (VASP) license under the Virtual Assets Regulatory Authority (VARA).
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Investors’ demand increases for RWAS
The time of launching the fund is aligned with the growing institutional interest for RWAS, which are considered by some as coverage against volatility in the cryptography market and broader economic uncertainty.
World fears and uncertainty concerning the prices of American President Donald Trump had an impact on the feeling of investors in the markets.
Despite a broader collapse of the market triggered by the concerns linked to American prices, the value of the Rwas Tokenized recently reached a record level. According to Rwa.xyz data, RWA’s total market capitalization reached more than $ 19.6 billion at the start of the start, compared to $ 17 billion in early February.
RWA global market dashboard. Source: Rwa.xyz
Industry observers previously declared to Cointtelegraph that the lack of momentum increased by Bitcoin could lead RWAS $ 50 billion high before the end of 2025.
The largest asset manager in the world, BlackRock, has also reported a management of the RWA space.
Blackrock Buidl Capital deployed by chain. Source: token terminal, Leon Waidmann
The USD Institutional Digital Liquidity Fund in Blackrock (BUIDL) experienced more than three times in the three weeks preceding on March 26, from $ 615 million to $ 1.87 billion.
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