MANTRA Establishes Real-World Asset Tokenization Incubator in Dubai

According to BlockBeats, on April 20, RWA public chain MANTRA announced that it had launched a new incubation program at the Dubai World Trade Center (DWTC) after receiving $11 million in financing led by Shorooq Partners. The program will focus on promoting the tokenization of real-world assets in the Middle East and North Africa. MANTRA has established this incubator in partnership with Virtuzone, a leading enterprise service provider in the UAE, to help real-world asset tokenization projects grow within and outside the MANTRA ecosystem. MANTRA will provide financial support for startups in development, infrastructure, licensing, banking and administrative services. Five projects will be selected in the first batch, each of which will receive a seed investment of $100,000, which will be provided by MANTRA founder and CEO John Patrick Mullin with personal funds. These projects will also receive dedicated assistance from MANTRA's experienced project managers and the opportunity to build a network of relationships with investors. BlockBeats previously reported that MANTRA completed $11 million in financing in March this year, led by Shorooq Partners.