MANTRA Chain Raises $11M for RWA Tokenization with Middle East Tint

MANTRA Chain raised $11 million to build a network tailored to real-world assets, the buzzy TradFi-crypto crossover that has yet to take off.The flood of investor capital into crypto's"real world assets" sector shows no signs of slowing with MANTRA Chain, a planned network for swapping tokenized real estate and other assets, raising $11 million.

Still, projects like MANTRA have raised war chests to corner this market before it takes off. Part of that means defining who can participate in RWA trading, whether it is a free-for-all or more buttoned-up . Early-stage tech backer Shorooq Partners led MANTRA's round which also included Three Point Capital, Forte Securities, Virtuzone, Hex Trust and GameFi Ventures, according to a press release. Mullin said he's planning to embark on another fundraising roadshow soon.

Once live, Mullin said MANTRA will focus on the"crypto native" crowd, which is to say, the people already familiar with crypto, decentralized exchanges, on-chain borrowing and lending and so-forth.

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