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Mavryk Dynamics aims to simplify RWA tokenization and DeFi integration, making digital asset ownership more accessible.
By Jamie Crawley, CoinDesk Bot|Edited by Sheldon Reback
Updated Feb 25, 2025, 12:43 p.m. UTCPublished Feb 25, 2025, 3:00 p.m. UTC
What to know:
- Mavryk Dynamics raised $5.2 million to advance its layer-1 network for real-world asset ownership and DeFi.
- The investment round was led by Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures and Atlas Fund.
- Mavryk Dynamics aims to simplify RWA tokenization and DeFi integration, making digital asset ownership more accessible.
The team behind real-world asset (RWA)-focused layer-1 blockchain Mavryk Network, said it raised $5.2 million to advance its plans to integrate tokenization and decentralized finance (DeFi).
The investment round was led by Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures and Atlas Fund, according to an email shared with CoinDesk on Tuesday.
STORY CONTINUES BELOW
Mavryk Dynamics aims to simplify RWA tokenization and DeFi integration, making digital asset ownership more accessible. Its testnet offers users an environment to explore decentralized applications (dapps), purchase fractional test shares of RWAs, provide feedback, and earn rewards.
The non-custodial blockchain’s features include an on-chain protocol treasury and liquidity mining. The team has also developed a new RWA token standard and multiple decentralized exchanges (DEXs) for non-custodial trading and lending.
Tokenization, or the minting of blockchain-based tokens that represent ownership of traditional assets, is gaining traction among institutions exploring ways of improving operational efficiency gains. The tokenized RWA market could grow to trillions of dollars through this decade, reports from firms including McKinsey and BCG, have suggested.
Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.
“CoinDesk Bot” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy here.
