Mantra unveils $108M fund to back real-world asset tokenization, DeFi

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Coin Telegraph 12h ago

Mantra unveils $108M fund to back real-world asset tokenization, DeFi - Coin Telegraph

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Related: 0G Foundation launches $88M fund for AI-powered DeFi agentsMantra CEO John Patrick Mullin said the fund will operate an “open-arms policy, welcoming projects at any developmental stage globally with a particular focus on RWA’s and DeFi.” Mullin told Cointelegraph:“The MEF thesis is to invest in top-tier teams building RWA and DeFi applications, as well as complimentary infrastructure, that will both directly and indirectly support the broader ecosystem.”Mantra aims to become the underlying infrastructure layer for tokenized asset issues worldwide, Mullin said.

Mantra, a layer-1 (L1) blockchain built for tokenized RWAs, launched the Mantra Ecosystem Fund (MEF) to accelerate the growth and adoption of projects and startups building on its network, according to an April 7 announcement shared with Cointelegraph.

The Mantra blockchain network has launched a $108,888,888 ecosystem fund aimed at accelerating the growth of startups focused on real-world asset (RWA) tokenization and decentralized finance (DeFi), amid rising demand for stable, asset-backed digital products.