Quick take:
- Mantle is anchoring the fund with a commitment to invest $400 million.
- The fund plans to boost returns by integrating staking strategies from Mantle’s mETH, Bybit’s bbSOL and others.
- The MI4 becomes the largest tokenised institutional fund, surpassing Securitize’s $148 million Blockchain Capital III Digital Liquid Venture Fund.
Securitize has launched a new crypto index fund with $400 million backing from Mantle. The BlackRock-backed RWA tokenisation platform said the new fund dubbed 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 from mETH, Bybit’s bbSOL and others.
Commenting on the announcement, Mantle’s Global Head of Strategy Timothy Chen said in a statement: “[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.”
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 growing to nearly $19 billion this week from $9.8 billion in April 2024, according to tokenised real-world asset tracking platform RWA.xyz.
BlackRock’s BUIDL fund, also tokenised by Securitize has more than doubled in value over the past month, growing from about $1 billion to $2.35 billion.
Carlos Domingo, Co-Founder and CEO of Securitize, commented: “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.”
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