Securitize launches a new crypto index fund with $400 million backing from Mantle

RWA tokenisation platform Securitize has launched a new crypto index fund with $400 million backing from Mantle

Crypto market RWA tokenisation platform Securitize has launched a new crypto index fund with $400 million in backing from Mantle.

The BlackRock-backed platform said the new fund dubbed Mantle Index Four (MI4) offers exposure to major crypto assets like BTC, ETH, SOL and U.S. dollar stablecoins, with additional earnings from decentralised finance (DeFi) staking strategies like mETH, Bybit’s bbSOL and others.

“The Mantle Index Four (MI4) aims to capture all capital on-chain looking for smart beta with income and is a set-it-and-forget-it solution for institutions without the complexities of direct custody,” said Mantle’s Global Head of Strategy Timothy Chen.

The MI4 becomes the largest tokenised institutional fund, surpassing Securitize’s $148 million Blockchain Capital III Digital Liquid Venture Fund.

The launch comes at a time when the RWA tokenisation market is experiencing rapid growth with on-chain value increasing to nearly $19 billion this week from $9.8 billion in April 2024, according to tokenised real-world asset tracking platform RWA.xyz.

At the same time, the tokenised portion of BlackRock’s BUIDL fund has more than doubled in value over the past month, growing from about $1 billion to $2.35 billion.

“With Securitize’s advanced technology and deep understanding of both traditional finance and Web3, we are able to offer a product that combines the best of both worlds,” said Carlos Domingo, Co-Founder and CEO of Securitize.

“Through Securitize’s platform, investors will gain access to available real-time liquidity, the ability to use fund shares as on-chain collateral, as well as seamless interoperability with DeFi. That level of flexibility, combined with the attractive yields and institutional-grade structure, creates a product that mirrors the best of traditional finance while delivering the full potential of tokenized securities.”