Dubai, UAE, May 23rd, 2024, Chainwire

MANTRA, a Layer 1 blockchain solution for Real World Assets (RWA), today announced a strategic investment from Laser Digital, Nomura’s digital asset subsidiary.

This additional investment, extending the recent funding round, aims to accelerate MANTRA towards its goal of becoming the de-facto RWA Layer 1 blockchain for Middle East and Asian markets and marks a collaboration with Laser Digital, bringing their complementary expertise and pertinent experience of RWA tokenization to the partnership.

Additionally, Laser’s footprint in the Middle East is firmly established, having been granted a Virtual Asset Broker-Dealer license and a Management and Investment Services license from Dubai’s Virtual Asset Regulatory Authority last year and has In-Principle Approval by the FSRA of Abu Dhabi Global Market.

Jez Mohideen, CEO of Laser Digital, stated, ” We are excited to support MANTRA’s journey as it pioneers new frontiers in RWA and digital finance.”

John Patrick Mullin, CEO and Co-Founder of MANTRA, expressed his enthusiasm about the partnership, “We are incredibly excited to welcome Laser Digital as a strategic partner. Laser Digital’s investment is not just financial but an endorsement of our mission to make RWA accessible and operable through blockchain technology. Laser’s expertise and network in the financial sectors will be invaluable as we expand our technological footprint.”

About MANTRA

MANTRA aims to be the world’s leading RWA L1 blockchain, designed to adhere to and enforce real world regulatory requirements. By accelerating the adoption of tokenized RWAs, MANTRA has the potential to unlock the US $16 trillion RWA economy with a regulatory-ready blockchain. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

For further information, please visit https://www.mantrachain.io/

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About Laser Digital

Laser Digital is a digital asset business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible engagement in digital assets. With an open and dynamic culture, Laser Digital has the freedom to adapt to market needs, to move swiftly to capitalisation, and to share learnings with clients and partners – bringing greater confidence to the institutional market for the benefit of all.

For more information, please visit: https://www.laserdigital.com

ContactMarketing LeadChristoph Lidmanpress@mantrachain.io

This article was originally published on Chainwire