The developers of the L1 network Mantra have launched the Mantra Ecosystem Fund (MEF) with $108.9 million to foster projects in the realms of real-world asset tokenization (RWA) and decentralized finance (DeFi).
Today, we’re announcing the launch of the MEF — a $108,888,888 million investment initiative designed to propel real world asset innovation, adoption and growth.
But we’re not doing this alone. We’ve got leading incubators, accelerators and capital partners by our side;… pic.twitter.com/oyeCOJ9QrE
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 7, 2025
MEF will invest in startups at any stage of development worldwide through a network of partners and accompanying infrastructure.
The funds were provided by Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, and Amber Group.
The fund’s launch comes a month after Mantra became the first DeFi platform to receive a virtual asset service provider license from Dubai’s VARA.
According to RWA.xyz, the TVL of the sector has grown to $19.7 billion.
Fidelity Investments is preparing to launch its own stablecoin to accelerate its presence in the digital asset market, according to media reports.
The initiative is part of Fidelity’s expansion into the RWA segment. Previously, the company filed documents to register a tokenized version of its U.S. money market fund, the Fidelity Treasury Digital Fund.
Earlier, the RWA project Ondo Finance joined Mastercard’s Multi-Token Network blockchain system.