Mavryk Network Raises $5.2 Million for RWA Tokenization and DeFi Integration

The team behind the Mavryk Network, a layer-1 blockchain focused on real-world assets (RWA), has announced that it has raised $5.2 million to further its plans for integrating tokenization and decentralized finance (DeFi).

The investment round was led by notable firms including Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures, and Atlas Fund, as stated in an email shared with CoinDesk on Tuesday.

Mavryk Dynamics aims to simplify the process of RWA tokenization and DeFi integration, thereby making digital asset ownership more accessible to users. The network’s testnet provides a platform for users to explore decentralized applications (dapps), purchase fractional test shares of RWAs, give feedback, and earn rewards.

Among its features, the non-custodial blockchain includes an on-chain protocol treasury and liquidity mining functionalities. The Mavryk team has also developed a new RWA token standard and multiple decentralized exchanges (DEXs) for non-custodial trading and lending.

Tokenization—the process of minting blockchain-based tokens that represent ownership of traditional assets—is gaining traction among institutions looking to enhance operational efficiencies. According to reports from firms like McKinsey and BCG, the market for tokenized RWAs could expand to trillions of dollars over the coming decade.

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