PANews reported on April 7 that according to Cointelegraph, the Mantra blockchain network launched a $108,888,888 Mantra Ecosystem Fund (MEF) to accelerate the development of startups focused on real-world asset (RWA) tokenization and decentralized finance (DeFi). Mantra said it will look for investment opportunities through its partner network over the next four years to deploy funds to "high-potential blockchain projects" around the world. The fund's supporters include many institutional partners such as Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital and Amber Group. Mantra CEO John Patrick Mullin said the fund will implement an "open policy, welcoming projects at any stage of development around the world, with a particular focus on the RWA and DeFi fields."