MANTRA has announced the completion of a new funding round.
Shorooq Partners, a leading venture and technology investor in the MENA region, led the $11m investment round.
This new capital injection will boost MANTRA’s goal of revolutionising Real World Asset (RWA) tokenisation on a global scale.
MANTRA announces $11m cash injection
Shorooq Partners was joined by a diverse range of strategic investors, including, Three Point Capital, Forte Securities, Virtuzone, Hex Trust, GameFi Ventures, Caladan, Token Bay Capital, BlackPine, Mapleblock, Fuse Capital and 280 Capital.
The fresh capital injection will enhance MANTRA’s goal of enabling RWA tokenisation that can operate at scale.
Funds will be used to achieve three critical objectives:
- Building regulatory-compliant infrastructure that adheres to global standards
- Empowering developers with the tools needed to create RWA-focused protocols on MANTRA Chain
- Expanding the tokenisation of real-world assets while spotlighting market opportunities between the Middle East and North Africa (MENA) as well as Asia
MANTRA aims to make investing more accessible in the Middle East and Asia by boosting market liquidity and fostering growth.
This will stimulate economic activity and development in these regions, which have previously faced barriers to entering financial markets.
Simplifying the process of buying and selling assets will 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 in the region.
John Patrick Mullin, MANTRA’s CEO, said: “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.
“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, said: “MANTRA stood out to us for its pioneering approach to RWA tokenisation 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.”
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