Shorooq Partners leading the investment attracting a diverse range of strategic investors such as Three Poi Capital, Forte Securities, Virtuzone, and Hex Trust.
The primary aim of this new funding round is to propel the company towards its goal of enabling real assets on a broad scale by establishing regulatory-compliant infrastructure.
It also seeks to provide developers with tools for real asset protocols on the MANTRA chain, expanding real asset tokenization operations, particularly in the Middle East and Asia.
By simplifying asset trading processes, MANTRA aims to create new investment opportunities, foster entrepreneurial spirit, and attract global investors.
The platform focuses on facilitating the movement of billions of dollars from institutional capital into blockchain through real asset tokens, presenting a promising opportunity for traditional finance companies and offering a secure, MANTRA-compatible framework.
In conjunction with the funding, the MANTRA chain has launched an incentive-based initiative called HongBai, a blend of Hong Kong and Dubai, to strengthen ties between the Middle East and Asia and enhance cross-border economic cooperation by facilitating the exchange of ideas, resources, and investment opportunities.
John Patrick Moulin, CEO of MANTRA, stated, “This funding not only accelerates our vision of bringing the global financial system onto the blockchain but also reaffirms our commitment to Hong Kong and the Middle East, where our physical offices stand as beacons of innovation.
” He added, “We are building infrastructure tailored for builders, institutions, companies, and users who wish to explore real assets, evidence of our mission to make asset tokens a cornerstone of financial inclusion and market development.”
Shorooq Partners, the primary investor in this round, holds a significant presence as a technology investor in the Middle East and Asia. Specializing in supporting early-stage startups, Sunrise boasts expertise in fintech, software, gaming, and web3, with a notable track record of backing innovative companies such as Tamara, Pure Harvest Smart Farms, Trukker, and Nemcard.
