MANTRA Raises $11 Million to Unlock Real-World Asset Tokenization Revolution

MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has secured $11 million in funding led by Shorooq Partners. The investment will fuel MANTRA's mission to tokenize RWAs, empowering developers and expanding the tokenization of real-world assets, with a focus on the Middle East and North Africa (MENA) and Asia.

MANTRA Secures $11 Million in Funding to Revolutionize Real World Asset Tokenization

March 25, 2024 - MANTRA ($OM), the pioneering Layer 1 blockchain for Real World Assets (RWA), has announced the successful completion of an $11 million funding round led by Shorooq Partners, a prominent venture and technology investor in the Middle East and North Africa (MENA) region. The round also saw participation from a diverse array of strategic investors, including Three Point Capital, Forte Securities, Virtuzone, Hex Trust, GameFi Ventures, Caladan, Token Bay Capital, BlackPine, Mapleblock, Fuse Capital, and others.

This strategic capital infusion will bolster MANTRA's mission of unlocking RWA tokenization at scale. The proceeds will be deployed to drive three critical objectives:

1. Building a Compliant Infrastructure: MANTRA will invest in developing regulatory-compliant infrastructure that adheres to global standards, ensuring the secure and transparent tokenization of real-world assets.
2. Empowering Developers: The company will provide developers with the tools and resources they need to create RWA-focused protocols on the MANTRA Chain, fostering innovation and accelerating the adoption of tokenized assets.
3. Expanding RWA Tokenization: MANTRA will expand the tokenization of real-world assets, with a focus on unlocking market opportunities between the Middle East and North Africa (MENA) and Asia.

MANTRA's vision is to democratize investing in the Middle East and Asia by enhancing market liquidity and fostering growth. This will stimulate economic activity and development in these regions, which have traditionally faced barriers to entry in financial markets. By simplifying the process of buying and selling assets, MANTRA aims to create new investment avenues, promote entrepreneurship, and attract global investors. This aligns with the goals of both regions to lead in financial innovation, driving economic growth and prosperity.

MANTRA is poised to accelerate the adoption of tokenized RWAs, enabling billions of dollars in institutional capital to move onchain. The MANTRA Chain provides a compliant framework for the creation and trading of RWAs, empowering TradFi companies to leverage the transformative power of blockchain technology. By offering a tangible, secure, and stable application of blockchain, MANTRA is well-positioned to capitalize on the growing interest in digital assets and blockchain solutions.

The $11 million funding round coincides with the launch of Hongbai, MANTRA Chain's incentivized testnet. Hongbai, a portmanteau of Hong Kong and Dubai, signals MANTRA's intent to focus its onboarding efforts in these two financial hotspots. The launch of the MANTRA Chain testnet will build bridges, both literal and metaphorical, between the Middle East and Asia, setting a new benchmark for RWA tokenization and encouraging cross-border economic collaboration. This will facilitate the exchange of ideas, resources, and investment opportunities, enhancing the economic landscape of both regions.

"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," said John Patrick Mullin, CEO of MANTRA. "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."

Shorooq Partners is a leading tech investor in MENA and Asia, with a focus on seed and early-stage startups. The firm has deep expertise in fintech, software, gaming, and web3 and has backed market-leading disruptors, including Tamara, Pure Harvest Smart Farms, TruKKer, and NymCard.

To learn more about MANTRA and its mission to revolutionize real world asset tokenization, visit www.mantrachain.io/.