The team behind the real-world asset (RWA) -Focused Layer-1 Blockchain Mavryk Network, said it raised $ 5.2 million to advance its plans to include tokenization and Decentralized Finance (Defi).
The investment is led 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 tokenization and defi -integration, making it easier to access digital assets. The testnet offers users an environment to explore Decentralized application .
The non-custodial blockchain features include an on-chain protocol treasury and liquidity mining. The team has also developed a new RWA token standard and has many decentralized exchanges for non -trade and non -care lending.
The tokenization, or the mininting of blockchain-based tokens that represents the ownership of traditional properties, gains traction in institutions that explore ways of improving operating efficiency. The tokenized RWA Market can grow in trillion dollars by this decade, reports from companies including McKinsey and Bcgsuggested.
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