MANTRA Chain has announced the launch of the MANTRA Ecosystem Fund (MEF), a $108.8 million investment initiative designed to accelerate the growth and adoption of projects within the MANTRA ecosystem.

According to a statement, the fund is backed by partners and investors, including Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, DAMAC, Fuse, LVNA Capital, Forte, and others. It is expected to deploy up to $108,888,888 over the next four years to support high-potential blockchain projects around the world.

“We are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem and bringing more of the world on-chain,” said John Patrick Mullin, CEO and founder of MANTRA. “In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real-world assets.”

Gideon Daitz, partner at Three Point Capital, who will lead the MEF, said the fund’s primary mission is to support the development of real-world assets (RWA) tokenization globally as well as empowering teams with capital, network, and advice. He added:

We are primarily focused on building out the MANTRA ecosystem, but we genuinely believe in playing a non-zero-sum game, where collaboration and a broad open-arms policy will serve our community and industry best.

The MEF aims to attract and support the best teams in the world innovating with RWA tokenization, welcoming projects at any developmental stage, and even those that are chain agnostic. By fostering collaboration between blockchain pioneers and leading investment firms, MEF is set to become a major force in the evolution of DeFi and RWA adoption.

“We are seeking to make high conviction, resource-heavy developments into fewer more focused teams, ultimately fostering stronger and more ingrained ties through our diverse network of resources,” Daitz said.

The launch of the MEF comes after MANTRA became one of the first decentralized finance (DeFi) platforms to secure a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).The approval allows it to operate as a cryptocurrency exchange as well as provide broker-dealer and management and investment services.

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