Popular Real-World Assets (RWAs) platform built on Layer 1 blockchain technology, MANTRA Chain has launched a $108,888,888 million MANTRA Ecosystem Fund (MEF). The blockchain firm confirmed the development in a press release on Monday, stating that the investment initiative is designed to accelerate the growth and adoption of projects within the MANTRA ecosystem.
According to MANTRA Chain, the MEF, backed by strong network of partners and investors, will support high-potential blockchain project around the world within the next four years. In addition, the fund will also serve as a strategic growth engine, providing capital to startups alongside globally renowned investment firms.
Similarly, MANTRA wide array of partners will also provide valuable investments opportunities to various top tiers projects across the globe. This partnership includes leading incubators and accelerators, and capital partners such as Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, and many others.
It is worth noting that the MEF also seeks to attract and support the best teams with RWA tokenization, welcoming projects at any developmental stage. By bringing blockchain and investment firms together, MEF has strategically positioned itself to become a major force in the evolution of DeFi and RWA adoption.
MANTRA CEO reacts to launch of MEF
Meanwhile, the CEO and founder of MANTRA, Patrick Mullin has reacted to the development. Mullin noted that the MEF would serve as a catalyst for a groundbreaking project that drives real-world adoption through a focus on the tokenization of RWAs. He added that by collaborating with top investors, MANTRA opens the door for visionary founders and teams to build a thriving ecosystem, bringing more users on-chain.
Similarly, a partner at Three Point Capital, Gideon Daitz while reacting to the development revealed that his firm’s mission is to support MEF development of RWA tokenization globally. He added that his firm seeks to make high conviction, resource-heavy developments into fewer more focused teams, thereby strengthening connection and enhancing collaboration through diverse network of resources.
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