The team behind the real world (RWA)-focused LAG-1 blockchain stomach network said it raised $ 5.2 million to promote its plans to integrate tokenization and decentralized funding (DEFI).

The investment round was led by Ghaf Capital, Big Brain, Metavest Capital, Cluster Capital, Collective Ventures and Atlas Fund, according to an E email shared with Coindesk on Tuesday.

Mavyk Dynamics aims to simplify RWA -Tokenization and Defi Integration, making Digital Asset Ownership more accessible. Its test network gives users an environment to explore decentralized applications (DAPPS), buy fractional test shares in RWAs, give feedback and earn rewards.

The non-parenting authority Blockchain’s features include an on-chain protocol state box and liquidity mining. The team has also developed a new RWA-token standard and several decentralized stock exchanges (DEXS) for non-parenting authority and lending.

Tokenization or mint of blockchain-based tokens, which represents ownership of traditional assets, wins traction among institutions that investigate ways to improve operational efficiency gains. The Tokenized RWA market could grow to trillion of dollars through this decade, reports from companies, including McKinsey and BCG, have hinted.

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