The new capital injection will allow the network to develop next-generation solutions and transform the tokenization of real-world assets (RWAs).
Mavryk Dynamics, the creator and lead team developing Mavryk Network, a layer 1 blockchain aiming to simplify user experience with crypto, RWAs, DeFi and NFTs, announced a successful capital raise of over $5 million for its RWA network economy. The funding will be used to expand the ecosystem, enhance innovation and increase its marketing efforts across the real-world asset tokenization space. Moreover, the investment positions the company to transform how individuals interact with RWAs and decentralized finance (DeFi).
Mavryk Network is designed to provide asset trading for tokenized RWAs, creating an efficient secondary market with seamless access to global markets. Since its launch, the network has secured over $360 million in RWAs ready for tokenization in areas such as real estate, bonds, debt, equities, commodities and insurance-backed securities.
The $5 million capital funding saw participation from leading Web 3 venture capital firms, including Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures, and Atlas Fund, alongside commitments from Draper Gorne Holme, Blockchain Alpha, Wentworth Hall Family Office, AngelDAO, and Everest Ventures.
Speaking on why the firm chose to invest in Mavryk Network, Aylon Morley from Wentworth Fall Family Office, stated:
“We chose to invest in Mavryk because we firmly believe in the transformative potential of RWA markets as a tangible and impactful use case. Mavryk’s robust infrastructure and experienced team bring maturity and innovation to the table.”
The platform also combines traditional finance principles with DeFi innovation. Mavryk’s non-custodial features include an on-chain protocol treasury, liquidity mining, bug bounties, and grants. Its innovative architecture is underpinned by strategic tokenomics that prioritize stakeholder prosperity and user security.
“We’re creating a future where traditional, analogue assets seamlessly integrate into a digital network economy, unlocking investment opportunities that were once exclusive to a privileged few and making them accessible to investors around the globe,” said Alex Davis, founder of Mavryk.
Mavryk Network Launches Testnet Ahead of TGE
The latest capital injection follows the recent launch of the Mavryk Testnet, which allows users to explore its suite of cutting-edge DeFi solutions, including Maven Finance, Equiteez tokenization platform, Mavryk Wallet, and more. The platform provides a user-friendly blockchain-based environment for RWA tokenization and seamless DeFi integration, setting the scene for a thriving ecosystem that provides direct value to users.
Following a successful testnet period, Mavryk aims to launch its token generation event (TGE), opening up an opportunity for the public to invest in the project. The MVRK token, which will launch at the TGE, powers the ecosystem, securing the network through staking and validator nodes.
The Mavryk Testnet, which mirrors its mainnet functionality, provides a safe, risk-free environment for testing and experimenting with the network’s features. Users can test its decentralized applications (DApps), purchase fractional test shares of real-world investments, submit feedback, and earn testnet rewards.
The project is led by experienced Web 3 developers and executives, who have pioneered open-source initiatives – including a new RWA token standard – as well as multiple RWA DEXs for non-custodial trading and lending/borrowing applications.
