March 19, 2024
MANTRA Financial Technologies Inc. ("MANTRA" or "the Company") has successfully completed an $11 million funding round led by Shorooq Partners, a venture and technology investor in the MENA region. This funding will support MANTRA’s mission to enhance Real World Asset (RWA) tokenization globally. Other investors include Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, and Fuse Capital.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
MANTRA DAO | Mar 19, 2024 | $11M | Series A | $11M | Shorooq Partners | DeFi |
MANTRA aims to increase investment accessibility in the Middle East and Asia by boosting market liquidity and fostering economic growth. The strategic funding will help MANTRA achieve three key objectives: building a compliant infrastructure, empowering developers, and expanding RWA tokenization.
The company will focus on constructing a robust and regulatory-compliant infrastructure that adheres to evolving global standards. This infrastructure will support seamless and secure tokenization and trading of RWAs. MANTRA plans to provide developers with the necessary tools to create RWA-focused decentralized applications (Dapps) and protocols on the MANTRA Chain. This will foster a thriving ecosystem for innovation and development.
The company will actively pursue the tokenization of a wider range of RWAs and highlight market opportunities across the Middle East, North Africa (MENA), and Asia. This approach aims to simplify the process of buying and selling assets, promoting entrepreneurship, and attracting global investors.
MANTRA's platform, MANTRA Chain, serves as a bridge between the Middle East and Asia, offering a secure and compliant chain infrastructure that enables the creation and trading of RWAs. The platform provides a unique framework that allows traditional financial institutions to leverage blockchain technology. MANTRA’s regulatory-compliant Layer 1 blockchain aims to cater to the evolving demands of developers and traditional institutions.
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform specializing in lending, staking, governance, and decentralized launchpad services. The platform aims to bring the world's financial ecosystem on-chain, providing tools and infrastructure to support the tokenization of real-world assets.
Website: https://www.mantrachain.io/
X Account: https://x.com/MANTRA_Chain
X Followers today: 249k
About Investor
Investor: Shorooq Partners
Shorooq Partners led the funding round. They are a leading investment firm specializing in seed and early-stage startups in MENA and Asia. Their involvement underscores the potential impact of MANTRA's platform in the Web3 space.
Location: Abu Dhabi
Website: https://www.shorooq.com/
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