Latham & Watkins Advises on Launch of Mantle Index Four Fund

Mantle, a leading blockchain ecosystem at the forefront of decentralized finance (DeFi), has announced the launch of the Mantle Index Four (MI4) Fund. MI4 is a tokenized fund that fills a key market gap: an institutional-grade crypto product with native yield generation, structured within a traditional fund format. Tailored for both crypto-native and traditional investors, MI4 offers access to leading digital assets without the operational complexity of self-custody or active token selection. Mantle Treasury has committed up to US$400 million as the anchor investment into MI4, following the approval of a governance proposal by the DAO earlier this year. MI4 has chosen Securitize, the leading real-world asset tokenization platform, to tokenize investors’ interests in MI4 on the Mantle Network.  MI4’s tokenized interests can be transferred on the Mantle Network between authorized participants in accordance with applicable private placement laws unlocking certain crypto-native advantages.

Latham & Watkins LLP advised Mantle Guard Limited in the transaction with an investment funds team led by Houston partner Ivana Rouse, with associates Chandler Johnson and Mackenzie Caldwell. Advice was also provided on regulatory matters by Washington, D.C. partners Aaron Gilbride and Paul Dudek, with associate Haley Hohensee; on global fundraising matters by London partner Clare Scott, on fintech matters by New York partner Jenny Cieplak; and on tax matters by New York partner Gregory Hannibal.