Layer-1blockchainMANTRAandUnitedArabEmirates-basedtokenizationplatformLibreCapitalaimtodrivefurtheradoptionoftokenizedreal-worldassets
OnNov.4,MANTRA(OM)andLibreCapitalannouncedapartnershipleveragingtheircombinedstrengthstoofferon-chainfundstoMANTRA’sinstitutionaloraccreditedusers.
MANTRAstatedthatthecollaborationwoulduseitspurpose-builtRWAblockchainalongwithLibre’stokenizationandissuancecapabilities.Together,theyaimtoprovideon-chainaccesstoinvestmentopportunitiesinhedgefunds,moneymarketfunds,andprivatecreditfunds.
Accordingtodetailsintheannouncement,anewintegrationiswhatwillhelpeligibleinstitutionalinvestorsaccesstheon-chainfundsonMANTRA.ThiswillbeviaLibre’sdecentralizedapplicationsdeploymentdubbed“LibreGatewayDeFidApps”.
Libredeploysthisfeatureonintegratedchains,allowingaccesstotop-tiertokenizedmoneymarketfundsandothersinacompliantway.
JohnPatrickMullin,co-founderandchiefexecutiveofficerofMANTRAsaid:
“WiththeadditionofprotocolsliketheLibreGateway,MANTRAcanbetterequipuserswithabest-in-classcollectionoftoolstocontinuetogrowthereal-worldasseteconomy.”
MANTRAChain’sintegrationofLibreGatewayallowsvariousbenefitsfortheL1platform’susers,includingaccesstotreasurymanagementtools.LibreontheotherhandwillexploretheRWA-specificinfrastructurethatthelayer-1blockchainnetworkoffers,Dr.AvtarSehra,founderandchiefexecutiveofficerofLibre,noted.
MANTRAChainlauncheditsmainnetinOctoberandrecentlypartneredwithGoogleCloud,whichisavalidatorandinfrastructureprovider.OneofthegoalsofthepartnershipistobolsterMANTRA’sreal-worldassetsmarketviaanacceleratorprogram.
TheRWAacceleratorprogramwillgoliveinthefirstquarterofnextyear.
crypto.news