Patrick

World

Million

MANTRA

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<h4><strong>The Real World Assets (RWA) sector of Web3 has taken the industry by storm in recent months. Crypto experts believe RWA projects will play significant roles in this bull run. Investors are pouring in millions in this sector, showing the potential locked within it.&nbsp; </strong></h4>
<p>MANTRA Chain is the latest RWA project to secure funds from these investors.</p>
<h5><strong>Web3’s RWA Boom: The Future Unleashed</strong></h5>
<p><a href="https://www.mantrachain.io/" target="_blank" rel="noopener noreferrer nofollow">MANTRA Chain</a> has the ambition of becoming the top RWA project on Cosmos. It successfully raised $11 million. The project plans to deploy these funds towards building a robust RWA network.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">1/ Shaping the future of <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RWA</a> Tokenization across Asia and the MENA region, 𝘄𝗲'𝘃𝗲 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹𝗹𝘆 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟭𝟭𝗠 led by <a href="https://twitter.com/ShorooqPartners?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ShorooqPartners</a>, a prominent venture and technology investor in the MENA region<a href="https://t.co/wxOjTouDQU" rel="noopener noreferrer nofollow">https://t.co/wxOjTouDQU</a> <a href="https://t.co/QhyuDzAlfE" rel="noopener noreferrer nofollow">pic.twitter.com/QhyuDzAlfE</a></p>
 <p>— MANTRA | Tokenizing RWAs (@MANTRA_Chain) <a href="https://twitter.com/MANTRA_Chain/status/1770065553253929290?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 19, 2024</a></p>
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<p><span style="font-weight: 400;">Shorooq Partners, an early-stage backer, led the round. Others include Three Point Capital, Forte Securities, Virtuzone, Hex Trust, and GameFi Ventures. The MANTRA team plans to embark on other fundraising rounds.&nbsp;</span></p>
<p><span style="font-weight: 400;">The project’s CEO, John Patrick Mullin, noted that MANTRA will focus on a crypto-savvy crowd. This means it will cater to users who are already familiar with cryptocurrencies, DeFi, etc.</span></p>
<p><span style="font-weight: 400;">The team also plans to deploy the recent cash injection toward promoting scalable <a href="https://www.altcoinbuzz.io/?s=real+world+asset" target="_blank" rel="noopener noreferrer nofollow">RWA tokenization</a>. MANTRA also plans to allocate the funds towards certain goals. This includes becoming more regulatory compliant.&nbsp;</span></p>
<p><span style="font-weight: 400;">Speaking on the fundraising round, MANTRA’s CEO, John Patrick Mullin, 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.”</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">1/ <a href="https://twitter.com/hashtag/MANTRA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MANTRA</a> is all set to embark on a revolutionary journey to bring the world's financial ecosystem onchain with its Assets Module built for businesses, institutions and developers.</p>
 <p>Let’s delve into its core features and transformative capabilities&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/28QEpNYpOj" rel="noopener noreferrer nofollow">pic.twitter.com/28QEpNYpOj</a></p>
 <p>— MANTRA | Tokenizing RWAs (@MANTRA_Chain) <a href="https://twitter.com/MANTRA_Chain/status/1772299074839978166?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 25, 2024</a></p>
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<h5><strong>Boosting the Economy in the Middle East &amp; Asia with MANTRA</strong></h5>
<p><span style="font-weight: 400;">MANTRA focuses on the Middle East. And is in the final stages of securing a license from Dubai’s regulatory body. The team noted that securing regulatory approvals is a priority. It would aid in its ambitions to host tools to issue and trade RWAs.&nbsp;</span></p>
<p><span style="font-weight: 400;">The team also disclosed plans to boost market liquidity. And foster growth to make investments more accessible throughout the Middle East and Asia. This would help promote economic growth and activity in these areas. </span><span style="font-weight: 400;">It would also create new investment avenues, and draw in foreign investors. This is in line with the region’s goals of becoming leaders in financial innovation.&nbsp;</span></p>
<h5><strong>What Makes Mantra Unique?</strong></h5>
<p><span style="font-weight: 400;">The RWA sector will be a multi-billion-dollar industry by the end of the decade. However, the RWA sector hasn’t kicked off totally. Nevertheless, MANTRA is building financial resources to control this market before it expands.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f49c.png" alt="💜" class="wp-smiley" style="height: 1em; max-height: 1em;"> .<a href="https://twitter.com/BuildOnLumia?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BuildOnLumia</a> (ORN) joins <a href="https://twitter.com/hashtag/MANTRA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MANTRA</a> to supercharge <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RWA</a> innovation &amp; bring greater liquidity to dApps building on MANTRA Chain!</p>
 <p>Read the blog to discover more about MANTRA &amp; Lumia’s unified vision for the RWA space <a href="https://t.co/0gtRI7Ok93" rel="noopener noreferrer nofollow">https://t.co/0gtRI7Ok93</a><a href="https://twitter.com/hashtag/OM?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#OM</a> <a href="https://twitter.com/hashtag/HomeForRWAs?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#HomeForRWAs</a> <a href="https://t.co/9KNUXcRly2" rel="noopener noreferrer nofollow">pic.twitter.com/9KNUXcRly2</a></p>
 <p>— MANTRA | Tokenizing RWAs (@MANTRA_Chain) <a href="https://twitter.com/MANTRA_Chain/status/1770796345726566424?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 21, 2024</a></p>
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<p><span style="font-weight: 400;">MANTRA seeks to redefine who is eligible to take part in RWA trading. And whether it should be more controlled or more free-form, like meme coin trading. The project seeks to create a permissioned environment.&nbsp;</span></p>
<p><span style="font-weight: 400;">According to Mullin, “You do have to go through an onboarding process to get into this walled garden.” He added, “But once you’re in, you’re in.”</span></p>
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<h5><strong>Disclaimer</strong></h5>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/mantra-chain-secures-11-million-to-promote-rwa-ambitions/" rel="noopener noreferrer nofollow">MANTRA Chain Secures $11 Million to Promote RWA Ambitions</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

MANTRA Chain Secures $11 Million to Promote RWA Ambitions

Altcoin Buzz

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