MANTRA partners with Libre Capital to facilitate tokenized money market funds

Layer 1 blockchain MANTRA and United Arab Emirates-based tokenization platform Libre Capital aim to drive greater adoption of tokenized real-world assets

On November 4, MANTRA (OM) and Libre Capital announced a partnership joining forces to offer on-chain funds to institutional or accredited users of MANTRA.

MANTRA stated that the collaboration will utilize the purpose-built RWA blockchain as well as Libre’s tokenization and issuance capabilities. Together, they aim to provide on-chain access to investment opportunities in hedge funds, money market funds and private credit funds.

According to details in the announcement, there will be a new integration that will help eligible institutional investors access on-chain funds on MANTRA. This will be achieved through Libre’s decentralized application distribution called “Libre Gateway DeFi dApps”.

Libre distributes this feature on integrated chains, allowing compliant access to top-tier tokenized money market funds and others.

John Patrick Mullin, co-founder and chief executive officer of MANTRA, said:

“With the addition of protocols like Libre Gateway, MANTRA can better equip users with a best-in-class collection of tools to continue growing the real-world asset economy.”

MANTRA Chain’s Libre Gateway integration provides users of the L1 platform with a variety of benefits, including access to treasury management tools. Libre’s founder and chief executive officer, Dr. Avtar Sehra, on the other hand, stated that Libre will explore the RWA-specific infrastructure offered by the layer 1 blockchain network.

MANTRA Chain launched its mainnet in October and recently partnered with validator and infrastructure provider Google Cloud. One of the goals of the partnership is to support MANTRA’s real-world asset market through an accelerator program.

The RWA accelerator program will be launched in the first quarter of next year.