Layer 1 blockchain MANTRA, which focuses on Real-World Assets , has announced the completion of a new funding round. Shorooq Partners, a prominent investor in venture and technology within the MENA region, led the $11 million investment initiative.
The funding round also witnessed the participation of a group of strategic investors, including Three Point Capital, Forte Securities, Virtuzone, Hex Trust, GameFi Ventures, and others., the latest capital injection is expected to boost MANTRA’s objective of facilitating scalable RWA tokenization and will be allocated towards certain goals.
This includes setting up regulatory-compliant infrastructure adhering to global standards, providing developers with the necessary tools to develop RWA-centric protocols on the MANTRA Chain, and expanding the tokenization of real-world assets while highlighting market opportunities in the MENA and Asia regions.
The team behind the Layer 1 blockchain also reveals plans to increase investment accessibility in the Middle East and Asia by doubling down on market liquidity and promoting growth. This move essentially aims to stimulate economic activity and development in these regions, which have historically encountered obstacles in accessing financial markets.
Streamlining asset transactions will open up new investment channels, foster entrepreneurship, and attract global investors, which, according to MANTRA, aligns with the regions’ aspirations to lead in financial innovation, thereby driving economic growth.