Layer-1 blockchain MANTRA and UAE-based tokenization platform Libre Capital aim to drive further adoption of tokenized real-world assets
On November 4, MANTRA (OM) and Libre Capital announced a partnership leveraging their combined strengths to offer on-chain funds to MANTRA’s institutional or accredited users.
MANTRA stated that the partnership would utilize the purpose-built RWA blockchain, along with Libre’s tokenization and issuance capabilities. Together they aim to provide access to investment opportunities in hedge funds, money market funds and private credit funds through the chain.
According to details in the announcement, a new integration will allow eligible institutional investors to access the on-chain funds on MANTRA. This will be done through Libre’s decentralized application implementation called “Libre Gateway DeFi dApps”.
Libre implements this feature on integrated chains, enabling access to top tier tokenized money market funds and others in a compliant manner.
John Patrick Mullin, co-founder and CEO of MANTRA said:
“With the addition of protocols like the Libre Gateway, MANTRA can better equip users with a best-in-class collection of tools to continue growing the real asset economy.”
MANTRA Chain’s integration of Libre Gateway provides several benefits to L1 platform users, including access to treasury management tools. Libre, on the other hand, will explore the RWA-specific infrastructure that the layer-1 blockchain network provides, noted Dr. Avtar Sehra, Founder and CEO of Libre, op.
MANTRA Chain launched its mainnet in October and recently partnered with Google Cloud, a validator and infrastructure provider. One of the objectives of the partnership is to strengthen MANTRA’s real asset market through an accelerator program.
The RWA accelerator program will go live in the first quarter of next year.
Credit : cryptonews.net
