Tokenization · The Block
MANTRA to be picked up by Inveniam, backer that backed $20 million last year
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MANTRA, the Layer 1 blockchain focused on real-world asset tokenization, is to be acquired by its strategic backer Inveniam Capital Partners, the companies announced Tuesday.
Key facts
- NVNM Chain, the Layer 2 they built together, adds to this proposition," Inveniam Chairman and CEO Patrick O'Meara said in a statement
- MANTRA, the Layer 1 blockchain focused on real-world asset tokenization, is to be acquired by its strategic backer Inveniam Capital Partners, the companies announced Tuesday
- The deal comes after MANTRA's native token (MANTRA) suffered a major collapse in 2025, and then the company announced a restructure and layoffs
- MANTRA possesses a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) and can operate as a digital asset exchange and "provide broker-dealer
Summary
The deal comes after MANTRA's native token (MANTRA) suffered a major collapse in 2025, and then the company announced a restructure and layoffs. "The team initially invested in MANTRA because they believed regulated blockchain infrastructure and AI-ready private market data belonged on the same stack. MANTRA possesses a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) and can operate as a digital asset exchange and "provide broker-dealer, management, and investment services," according to a statement. The companies expect the acquisition to close in the third quarter of this year.