Inveniam to acquire RWA L1 MANTRA, securing Dubai VASP license and NVNM stack

Inveniam Capital Partners plans to acquire MANTRA, the Layer 1 blockchain focused on real-world asset tokenization, after previously investing $20 million in the company in 2025, the firms said on Tuesday. The deal is expected to close in the third quarter of this year, pending customary conditions.

The acquisition gives Inveniam direct control of MANTRA’s regulated infrastructure, including its Virtual Asset Service Provider license from Dubai’s Virtual Assets Regulatory Authority. The VASP authorization allows MANTRA to operate a digital asset exchange and provide broker-dealer, management, and investment services under the VARA regime.

Inveniam and MANTRA have also co-developed NVNM Chain, a Layer 2 network intended to sit alongside MANTRA’s L1. NVNM is designed to provide operators of autonomous AI agents with a substrate to register agent identity, constrain scope, and record cryptographic evidence of agent actions in regulated workflows in a form that authorized counterparties or regulators can independently verify.

"We initially invested in MANTRA because we believed regulated blockchain infrastructure and AI-ready private market data belonged on the same stack. NVNM Chain, the Layer 2 we built together, adds to this proposition," Inveniam Chairman and CEO Patrick O'Meara said. "This acquisition positions us to be value additive to the global private markets ecosystem faster." MANTRA CEO John Patrick Mullin added that "Inveniam and MANTRA have been building toward this since Inveniam’s strategic investment."

The move follows a volatile period for MANTRA, whose native token lost more than 90% of its value in 2025, leading to a restructuring and layoffs announced in January 2026. Folding MANTRA and its Dubai-regulated stack into Inveniam consolidates their RWA and private-markets data strategy on a single platform, positioning the combined entity within an increasingly regulated on-chain capital markets landscape.