MANTRA Launches Mainnet to Integrate Real-World Assets Onchain, According to Chainwire

United Arab Emirates, Dubai, September 18th, 2024

MANTRA, a dedicated Layer 1 blockchain designed for tokenized real-world assets (RWAs), has announced the upcoming launch of its highly anticipated Mainnet scheduled for October 2024. This pivotal event signifies a major advancement in integrating traditional finance with blockchain technology and will serve as the new home for MANTRA’s native token, $OM.

The MANTRA Chain will offer a comprehensive and customizable toolkit that enables developers to create solutions tailored to their specific requirements. This toolkit not only streamlines the process of bringing real-world assets on-chain but also guarantees that the solutions adhere to regulatory standards.

Key features of the MANTRA Chain Mainnet include:

• Enhanced network security and stability, reducing counterparty risk
• A reliable platform for deploying institutional capital on-chain
• A foundation for a globally accessible asset class, tapping into the multi-trillion-dollar real-world asset market

"The launch of our Mainnet represents the culmination of years of effort to integrate finance on-chain. We are excited to be leading the way in bridging the divide between traditional and decentralized finance," stated John Patrick Mullin, CEO of MANTRA. "By offering on-ramps for tokens and stablecoins with exceptional stability and reliability, we believe MANTRA Chain will emerge as the premier global destination for businesses and industries seeking on-chain financing and asset tokenization."

The introduction of MANTRA Chain is a significant step toward merging traditional finance with blockchain innovation. It is expected to attract more RWA partnerships, building on recent collaborations like MANTRA’s agreement with a major UAE real estate company to tokenize $500 million worth of real estate.

About MANTRA:

MANTRA is a dedicated Layer 1 blockchain focused on real-world assets, ensuring compliance with real-world regulations. As a permissionless chain, MANTRA empowers developers and institutions to engage seamlessly in the growing RWA tokenization landscape through advanced technology modules, compliance mechanisms, and cross-chain interoperability.

For media inquiries, please contact:

Marketing Lead
Christoph Lidman
Email: [email protected]

This article was originally published on Chainwire.