Mavryk Network Secures $5 Million to Advance Real-World Asset Tokenization

Mavryk Network, a layer 1 blockchain focused on simplifying access to crypto, RWAs, DeFi, and NFTs, has successfully raised over $5 million in funding. Announced today, the capital will fuel the expansion of its ecosystem, drive innovation, and boost marketing efforts in the real-world asset (RWA) tokenization space. The network has already secured over $360 million in RWAs for tokenization, covering real estate, bonds, debt, equities, commodities, and insurance-backed securities. Leading Web 3 venture capital firms, including Ghaf Capital and Big Brain, participated in the funding round. Following the recent launch of its Testnet, Mavryk plans to launch its token generation event (TGE) for the MVRK token, which will power the ecosystem.