In a significant boost to the global tokenization market, MANTRA, renowned as the first Layer 1 blockchain dedicated to Real World Assets (RWA), has successfully closed an $11 million investment round. The round was led by Shorooq Partners, a premier venture and technology investor in the MENA region, signifying a strong endorsement of MANTRA’s innovative approach to RWA tokenization.
As a leader in the tech investment landscape of the Middle East and North Africa, Shorooq Partners continues to back disruptive innovators across the region. Their ongoing support for regional powerhouses underscores their commitment to fostering technological advancement and economic growth. Moreover, the funding round saw participation from an array of strategic investors, including Three Point Capital, Forte Securities, Virtuzone, Hex Trust, and GameFi Ventures, showcasing broad-based confidence in MANTRA’s mission and technological foundation.
This diverse investor mix underscores the growing interest in blockchain applications that transcend traditional financial boundaries and bridge the gap to real-world asset management. The newly acquired funds are earmarked for critical advancements in MANTRA’s platform. These include the development of regulatory-compliant infrastructure that meets global standards, the enhancement of tools for developers to create RWA-focused protocols on the MANTRA Chain, and the expansion of real-world asset tokenization.
Visionary Moves Toward a Unified Financial Ecosystem
This strategic allocation of resources is aimed at reinforcing MANTRA’s footprint in the Middle East and North Africa (MENA) as well as Asia, regions poised for significant economic transformation through increased access to financial markets and improved market liquidity. In alignment with its strategic growth initiatives, MANTRA announced the launch of Hongbai, its incentivized testnet named after Hong Kong and Dubai. This development is a clear indication of MANTRA’s focus on these financial powerhouses and its commitment to fostering cross-border economic synergy between the Middle East and Asia.
John Patrick Mullin, MANTRA’s CEO, said: “This funding not only accelerates our vision of bringing the world’s financial ecosystem on-chain, 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, 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.”
The $11 million funding round is a pivotal moment for MANTRA as it seeks to democratize access to the $16 trillion RWA economy. By providing a regulatory-ready blockchain framework, MANTRA not only paves the way for traditional finance companies to embrace blockchain solutions but also sets a new standard for security and scalability in the tokenization space. The collaboration between MANTRA and its investors marks a significant milestone in the journey towards a more inclusive and innovative financial ecosystem, bridging the gap between traditional and digital asset markets.
