United

MANTRA

Libre

Polygon

Layer-1 blockchain MANTRA and United Arab Emirates-based tokenization platform Libre Capital aim to drive further adoption of tokenized real-world assets 
On Nov. 4, MANTRA (<a rel="" href="https://crypto.news/price/mantra/">OM</a>) and Libre Capital <a href="https://www.prnewswire.com/news-releases/mantra-and-libre-open-onchain-access-to-blackrock-money-market-fund-302293313.html" target="_blank" rel="nofollow">announced</a> a partnership leveraging their combined strengths to offer on-chain funds to MANTRA’s institutional or accredited users. 
MANTRA stated that the collaboration would use its purpose-built RWA blockchain along with 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. 
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According to details in the announcement, a new integration is what will help eligible institutional investors access the on-chain funds on MANTRA. This will be via Libre’s decentralized applications deployment dubbed “Libre Gateway DeFi dApps”. 
Libre deploys this feature on integrated chains, allowing access to top-tier tokenized money market funds and others in a compliant way. 
John Patrick Mullin, co-founder and chief executive officer of MANTRA said: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “With the addition of protocols like the Libre Gateway, MANTRA can better equip users with a best-in-class collection of tools to continue to grow the real-world asset economy.” 
</blockquote> 
MANTRA Chain’s integration of Libre Gateway allows various benefits for the L1 platform’s users, including access to treasury management tools. Libre on the other hand will explore the RWA-specific infrastructure that the layer-1 blockchain network offers, Dr. Avtar Sehra, founder and chief executive officer of Libre, noted. 
MANTRA Chain launched its mainnet in October and recently <a rel="" href="https://crypto.news/mantra-chain-adds-google-cloud-as-primary-validator/">partnered with Google Cloud</a>, which is a validator and infrastructure provider. One of the goals of the partnership is to bolster MANTRA’s real-world assets market via an accelerator program. 
The RWA accelerator program will go live in the first quarter of next year. 
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MANTRA partners with Libre Capital to facilitate tokenized money market funds

crypto.news

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