Mantra (OM) Price Strengthens on Announcement of $190 Million Real World Asset (RWA) Fund

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MANTRA plans to launch an ecosystem fund worth $108,888,888 to drive RWA innovation over the next four years and accelerate projects in its blockchain ecosystem.

MANTRA's native token OM has shown significant resilience during the current market downturn. OM is currently the only altcoin recording positive returns in the past 24 hours among the top 30 tokens.

MANTRA RWA Ecosystem Fund

MANTRA, a layer layer-1 blockchain for asset tokenization, is heavily investing in the RWA market. After its 2024 mainnet launch, it has established key partnerships and planned to tokenize large-scale assets.

Today, it announced the launch of an ecosystem fund worth $108,888,888 to drive RWA innovation in the blockchain ecosystem.

"In an era where blockchain technology is revolutionizing finance, the MEmanF be a catalyst for groundgroundbreaking projects that drive real-world asset tokenization and actual adoption. We are opening doors for visionary founders and teams to build to create a-thriving ecosystem." – John Patrick Mullin, Founder and CEO

Mullin made these statements in an exclusive press release to BeInCrypto. MANTRA plans to deploy this fund over the next four years in collaboration with a "strong network of partners and investors" to maximize RThe p> The company also claimed that its new license approval in Dubai could facilitate advanced financial services.

MANTRA has successfully obtained a Virtual Asset Service Provider (VASP) license, enabling it to operate as a cryptocurrency exchange and provide broker-dealer, custmanagementod,. Through these tools, the network can direct RWA investments.

Following the RWA fund announcement, the OM token performed quite well today. Despite a massive liquidation across the cryptocurrency market due to Trump's tar, OM has risen by over 2% in the past 24 hours.

In fact, MANTRA's native token is the only one recording positive returns among the top 30 cryptocurrencies. It is one of the cryptocurrencies with the highest rise, ranking in the top 5 in today's market.

mantra (OM) price chart
MANTRA (OM) daily price chart.:Crypto

Overall, investors seem confident GROWTH and the the network's continuous's development. The project's latest investment fund reflects its willingness to positively impact the RWA ecosystem.

tra>, fund to MANTRA's utility by encouraging more RWA projects to be launched or converted to the the to According to defillama

The The main goal of this is to improve blockchain participation and long-term engagement.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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