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MANTRA, a layer-1 blockchain platform focused on real-world asset tokenization, has closed an $11 million funding round to expand its infrastructure and market presence.
The investment was led by Shorooq Partners, a venture and technology firm operating in the MENA region. Additional participants included Three Point Capital, Forte Securities, Virtuzone, Hex Trust, and GameFi Ventures.
Shane Shin, Founding Partner at Shorooq Partners, explained the rationale: "MANTRA stood out to us for its pioneering approach to RWA tokenization and its commitment to regulatory compliance. Their strategic focus on significant markets like Hong Kong and Dubai aligns with our vision for financial innovation and inclusion."
Infrastructure expansion plans
The capital will fund development of a regulatory-compliant infrastructure on MANTRA Chain, designed to let developers build protocols for tokenizing real-world assets.
MANTRA plans to use the funding to advance RWA tokenization efforts and pursue investment opportunities across the MENA region and Asia.
John Patrick Mullin, CEO of MANTRA, described the round's significance: "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." Mullin stressed the company's focus on creating infrastructure for builders, institutions, enterprises, and users exploring RWAs.
Institutional adoption push
MANTRA aims to drive institutional adoption of tokenized RWAs by providing a compliant framework for creating and trading these assets, allowing institutions to tap into blockchain opportunities.
The funding follows the launch of MANTRA Chain's incentivized testnet, Hongbai. The name merges Hong Kong and Dubai, positioning these financial centers as potential drivers of blockchain adoption in the MENA and Asia regions.
Strategic market positioning
Shane Shin of Shorooq Partners pointed to MANTRA's regulatory compliance and strategic focus on Hong Kong and Dubai as key factors in the investment decision.
Shin characterized the investment as backing a future where digital and traditional assets converge seamlessly. The funding reflects growing confidence in web3 technology and its capacity to reshape real-world asset tokenization.
