MANTA Partners With Pruv Finance to Tokenize Indonesian Padel Courts
Ted Hisokawa Jan 29, 2026 12:23
Manta Network enters exclusive deal with Pruv Finance to bring sports infrastructure RWAs on-chain, targeting 30% ARR from Indonesian padel court facilities.
Manta Network has secured an exclusive three-month partnership with Pruv Finance to tokenize sports infrastructure assets, marking the Layer-2 platform's direct entry into real-world asset investing. The deal, announced January 29, focuses on the Garuda Sports Fund ($GSP) — tokenized ownership stakes in Indonesian padel court facilities reportedly generating approximately 30% annual recurring revenue.
Manta isn't just facilitating the infrastructure here. The network is putting its own capital into $GSP, signaling genuine conviction rather than another hollow integration announcement.
The Mechanics Behind the Token
Pruv Finance operates under approval from Indonesia's OJK Sandbox, the country's financial regulatory framework for compliant asset tokenization. The structure uses Special Purpose Vehicles to bridge physical property titles with on-chain tokens, enabling fractional ownership and automated dividend distribution through smart contracts.
The $GSP token represents yield dividend rights in operational padel courts across Indonesia, including existing facilities in Jakarta. These assets will be bridged to Manta Pacific, the network's EVM-compatible Layer-2 solution built on Ethereum with Celestia handling data availability.
For MANTA holders, the token currently trades at $0.08 with a $37 million market cap — relatively modest positioning that could see movement if the RWA narrative gains traction. Technical analysis from late January suggested the token might be forming a bottom in the $0.06-$0.085 range.
Why Padel Makes Sense
The asset choice isn't random. Padel courts occupy roughly 200 square meters — meaning three courts fit in the space of one tennis court. That spatial efficiency translates to better revenue per square meter. The sport also shows a 92% player retention rate, with facilities in high-demand markets reportedly achieving full payback within 12-16 months.
Indonesia leads Southeast Asia's padel adoption with nearly 400% growth over three years. Global court numbers are projected to exceed 81,000 by 2027.
Community Access Coming
Manta plans to issue tokens allowing its community to directly acquire these RWAs, providing exposure to revenue generated by the expanding court network. Token holders would earn proportional dividends from facility cash flows. Specific issuance details and investment timelines remain pending.
The partnership runs exclusively through March 2026. Whether this becomes a template for broader RWA expansion on Manta Pacific depends largely on whether those 30% ARR figures hold up under scrutiny — and whether retail appetite for sports infrastructure tokenization actually exists beyond the announcement cycle.
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