Layer 1 Blockchain Mantra Secures $11 Million from Latest Investment Funding Round

Mantra, the Layer 1 blockchain for real-world assets (RWA), recently raised $11 million in an investment round that was led by Shorooq Partners. Mantra said the raised funds will also be used to provide developers with the tools they need to create RWA protocols and to expand the tokenization of these assets.

Scaling Real-World Asset Tokenization

Mantra, the Layer 1 blockchain for real-world assets (RWA), recently confirmed it had raised $11 million to enhance its objective of enabling “RWA tokenization that can operate at scale.” The round was led by venture and technology investor Shorooq Partners, with participation from Three Point Capital, Forte Securities, Virtuzone, Hex Trust, Gamefi Ventures, Caladan, Token Bay Capital, Blackpine, Mapleblock, and Fuse Capital.
According to a statement, Mantra aims to build an infrastructure that is regulatory compliant and adheres to global standards. The funds will also be used to provide developers with the tools they need to create RWA protocols and to expand the tokenization of these assets.
Commenting on the Layer 1 blockchain’s successful capital raise, Mantra CEO John Patrick Mullin said:

This funding not only accelerates our vision of bringing the world’s financial ecosystem onchain, 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.

Shane Shin, the founding partner at Shorooq Partners, said Mantra’s commitment to regulatory compliance and its approach to RWA tokenization aligns with his organization’s “vision for financial innovation and inclusion.” Shin added that Shorooq’s investment is not just in technology, “but in a future where digital and traditional assets converge seamlessly.”
According to the statement, the success of Mantra’s investment round coincided with the release of the incentivized testnet, Hongbai. The testnet aims to build bridges between the Middle East and Asia, effectively setting “a new benchmark for RWA tokenization and encouraging cross-border economic collaboration.”
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