MANTRA Chain Raises $11M for RWA Tokenization with Middle East Tint
Summary
MANTRA Chain, a network for trading tokenized real estate and other assets, has raised $11 million. The project is seeking licensures from Dubai’s crypto regulator VARA and plans to offer compliance-minded tools for issuing and trading RWAs. MANTRA aims to create a "permissioned" environment for RWA trading. The network is not yet live but is planned for Cosmos. MANTRA will focus on the "crypto native" crowd and aims to become the platform for other RWA businesses.
