Mavryk Network Raises $5.2 Million for RWA Tokenization and DeFi Integration
The Mavryk Network, a layer-1 blockchain focused on real-world assets (RWA), raised $5.2 million to enhance tokenization and decentralized finance (DeFi) integration. Key points include:
- Investment led by Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures, and Atlas Fund.
- Aims to simplify RWA tokenization and make digital asset ownership accessible.
- Testnet allows users to explore dapps, purchase fractional shares of RWAs, provide feedback, and earn rewards.
- Features include an on-chain protocol treasury and liquidity mining.
- Developed a new RWA token standard and multiple decentralized exchanges (DEXs) for non-custodial trading and lending.
- Tokenized RWA market projected to reach trillions of dollars this decade, according to reports from McKinsey and BCG.