Participated · Equity · Mar 2024

MANTRA aims to transform private-market assets into tradable digital tokens within the DeFi ecosystem, with real-time data reporting. The company is building a full market infrastructure for tokenized real-world assets (RWA) and plans to leverage regulatory frameworks and local infrastructure in the U.S. and the United Arab Emirates. MANTRA already has a Dubai subsidiary with a full license to operate digital-asset services. The recent strategic partnership with Inveniam and access to the AI capabilities of G42 in the UAE are positioned to accelerate that buildout. The initiative targets an estimated $18.9 trillion RWA opportunity by 2033. Operational metrics are under pressure: MANTRA’s TVL fell from over $4 million in April to under $500,000 in August while its native OM token collapsed more than 90%, erasing over $5 billion of market value. MANTRA Labs is an RWA L1 blockchain project focused on building compliant infrastructure for tokenizing real-world assets. The company provides developer support and tooling to accelerate RWA tokenization on its protocol. MANTRA’s stated goals include expanding RWA tokenization and creating an ecosystem that meets regulatory and compliance needs. The article reports MANTRA completed a financing of $11 million. The raise was described as a strategic investment led by Shorooq Partners. No operating metrics, founding year, or location were provided in the article.