Shorooq Partners leads USD 11 mn funding round for Hong Kong blockchain platform

Venture capital firm Shorooq Partners led a USD 11 mn funding round for Hong Kong-based blockchain platform Mantra, a press release reads. The investment round also saw participation from Three Point Capital, Forte Securities, Virtuzone, Hex Trust, and others.

Where will the money go? The capital will be allocated towards developing regulatory-compliant infrastructure, providing developers with real world asset-focused protocol tools on Mantra’s platform, and expanding real-world asset tokenization efforts, particularly focusing on markets in the MENA region and Asia.

SOUND SMART- In the context of blockchain, “real world assets” refer to digital tokens that represent traditional, non-digital assets such as currencies, commodities, equities, or bonds.