The team behind the Blockchain Mavryk network of the real world layer 1 (RWA) said it raised $ 5.2 million to advance its plans to integrate tokenization and decentralized finances (Defi).
The investment round was directed by Ghaf Capital, Big Brain, Metavest Capital, Cluster Capital, Collective Ventures and Atlas Fund, according to an email shared with COINDESK on Tuesday.
Mavryk Dynamics aims to simplify RWA’s token and defi’s integration, making the property of digital assets more accessible. Your testnet offers users an environment to explore decentralized applications (DAPPS), buy RWAS fractional test actions, provide comments and gain rewards.
The characteristics of the custody block chain include a treasury and liquidity mining of the chain protocol. The team has also developed a new Token RWA standard and multiple decentralized exchanges (DEX) for trade and non -custodial loans.
Tokenization, or the coined blockchain tokens that represent the property of traditional assets, is gaining traction between institutions that explore ways to improve operational efficiency gains. The RWA tokenized market could grow to billions of dollars during this decade, suggested reports from companies such as McKinsey and BCG.
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