The Mantra blockchain network, like a gambler with a pocket full of hope, has tossed $108,888,888 into the ring. This ecosystem fund, a hefty wager, aims to fuel startups dabbling in real-world asset (RWA) tokenization and decentralized finance (DeFi). The world, it seems, is hungry for digital products with a touch of stability, or at least the illusion of it.
Mantra, a layer-1 blockchain with a penchant for tokenized RWAs, has birthed the Mantra Ecosystem Fund (MEF). This fund, announced on April 7, is a four-year marathon of capital deployment, targeting “high-potential blockchain projects” across the globe. The backers? A motley crew of institutional partners including Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, and Amber Group. It’s like a who’s who of the digital finance world, all betting on the same horse.
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The fund’s launch comes hot on the heels of Mantra becoming the first DeFi platform to snag a virtual asset service provider (VASP) license under Dubai’s Virtual Assets Regulatory Authority (VARA). It’s like getting a golden ticket, but in the world of digital finance.
Investor demand grows for RWAs
The timing of the fund’s launch couldn’t be better, or worse, depending on your perspective. Institutional interest in RWAs is on the rise, seen by some as a hedge against the wild swings of the crypto market and the broader economic uncertainty. It’s like buying a life jacket in the middle of a storm.
Global fears and uncertainty around US President Donald Trump’s tariffs have sent shockwaves through investor sentiment. Despite the broader market slump, the value of tokenized RWAs has surged to a record high. According to RWA.xyz, total RWA market capitalization hit more than $19.6 billion in early April, up from $17 billion in early February. It’s like watching a rollercoaster climb to its peak, with everyone holding their breath.
Industry watchers have predicted that Bitcoin’s lack of momentum might push RWAs to a $50 billion all-time high before the end of 2025. It’s a bold prediction, like saying the sun will rise in the west.
Even BlackRock, the world’s largest asset manager, has thrown its hat into the RWA ring. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) saw an over three-fold increase in the three weeks leading up to March 26, from $615 million to $1.87 billion. It’s like watching a snowball turn into an avalanche.
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2025-04-07 15:09