**MANTRA Chain Unveils $108M Ecosystem Fund to Boost Blockchain Growth**
MANTRA Chain has announced the launch of its $108 million MANTRA Ecosystem Fund (MEF), aimed at accelerating the growth of blockchain projects. According to a press release on April 7, the fund will be distributed over four years to support global blockchain initiatives, serving as a strategic growth engine for startups and investment firms.
CEO and founder John Patrick Mullin highlighted the fund’s role in advancing real-world asset tokenization, a key area of focus for MANTRA. The initiative will leverage MANTRA’s extensive partner network, including leading incubators and accelerators, to source investment opportunities. The MEF is particularly interested in projects innovating in tokenization, regardless of their development stage or blockchain affiliation.
Gideon Daitz from Three Point Capital, who will lead the project, emphasized supporting global RWA tokenization by offering capital, network access, and expertise. He noted the fund’s focus on strengthening the MANTRA ecosystem and fostering collaboration within the industry.
MANTRA Chain is a layer 1 blockchain that facilitates compliance in real-world asset tokenization through advanced technology and interoperability. This fund launch follows MANTRA’s recent achievement of securing a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority, allowing it to operate as a virtual asset exchange.
The MEF announcement comes shortly after DWF Labs, a Dubai-based market maker, launched a $250 million fund to support blockchain projects.
