Mantra, a Layer 1 (L1) blockchain built for Tokenized Rwas, has launched the Mantra Ecosystem Fund (MEF) to speed up the growth and acceptance of projects and startups that work on its network. Mantra said that over the next four years it will distribute capital into blockchain projects with high potential all over the world, with investment options that have come from partners by Mantra’s network. The backers of the fund include a wide range of institutional partners, including Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital and Amber Group.
The launch of the fund comes one month after Mantra became the first Defi platform that received a Virtual Asset Service Provider (Vasp) license under Dubai’s Virtual Assets Regulatory Authority (VARA). The timing of the launch of the fund coincides with a growing institutional interest in RWAS, which some see as a cover against the volatility of the market for cryptocurrency and broader economic uncertainty.
Despite the broader market decline caused by concern about American rates, the value of Tokenized RWAS has recently increased to include highlights. According to RWA.XYZ, the total market capitalization of RWAS reached more than $ 19.6 billion from the beginning of April, an increase of $ 17 billion at the beginning of February. Observers in the industry believe that Bitcoin’s lack of growth could reach a record high of $ 50 billion before the end of 2025.
Image: Freepik
Designed by Freepik
