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MANTRA Chain has successfully raised $11 million in a funding round aimed at expanding its real-world asset tokenization efforts in the Middle East and Asia. The round was led by Shorooq Partners, a venture and technology investor with significant backing from sovereign funds such as Mubadala, JADA, ADQ, and Saudi Venture Capital. This financial boost propels MANTRA to the forefront of the real-world asset (RWA) project space in the cryptocurrency domain, surpassing competitors like ONDO. With the funds, MANTRA is set to launch its own Cosmos Layer1 Blockchain and aims for a compliant launch with Dubai's VARA approval. The backing by heavyweight funds, with Mubadala managing assets worth $275 billion and ADQ's investments in significant projects like Etihad Airways, underscores the potential impact of MANTRA's initiative on the RWA tokenization landscape.
.@MANTRA_Chain raised $11M, led by @ShorooqPartners, a venture and technology investor in the MENA region. Shorooq Partners is backed by heavyweight sovereign funds like Mubadala, JADA, Saudi Venture Capital, ADQ and others. - Mubadala manages assets worth $275bn - ADQ'sโฆ https://t.co/4sB3ILc8JM
MANTRA just secured an $11M raise led by Shorooq Partners ๐ผ Backed by Sovereign funds like Mubadala, JADA, ADQ, and Saudi Venture Capital! ๐ช With Mubadala managing assets worth $275bn and ADQ's investments in key projects like Etihad Airways. Could MANTRA be what the #RWAโฆ https://t.co/qyC0D39G6U
๐ @MANTRA_Chain, aiming to revolutionize the trading of tokenized real estate and assets, has raised $11M, gearing up for a compliant launch with Dubaiโs VARA approval. https://t.co/Li6TBEVUFW
