Mantra Launches Mainnet to Tokenize Real-World Assets
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Groundbreaking Move for RWA on Layer 1 Blockchain
Mantra, a security-first Layer 1 blockchain specializing in Real-World Assets (RWA), has officially launched its mainnet, aiming to revolutionize the tokenization of RWAs.
The announcement comes just ahead of Mantra’s participation in Dubai's Binance Blockchain Week, set for October 30-31, positioning the platform as a key player in the global blockchain space. The mainnet launch signifies a bold step toward integrating RWAs into the blockchain ecosystem, allowing users to stake OM tokens, earn rewards, and access future airdrops.
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Mantra’s CEO, John Patrick Mullin, emphasized the significance of this launch, highlighting the platform’s ambition to collaborate with various industries, partners, and projects to shape the future of RWAs.
The new mainnet introduces a customizable suite of tools designed to prioritize regulatory compliance and network security, ensuring a robust and adaptable environment for transferring traditional financial assets to the blockchain. The features of this mainnet will continue to evolve, with more opportunities for users to engage with RWA-related assets, further expanding the scope of Mantra’s ecosystem.
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The platform’s developments follow an impressive year of fundraising, with more than $25 million secured in 2024 alone. Mantra has also made strategic partnerships that enhance its growth in the RWA space. A notable collaboration with Dubai-based real estate giant MAG aims to tokenize up to $500 million in real estate, marking a pivotal move for both the blockchain and real estate sectors.
Additionally, a partnership with Zand Bank, a private institution licensed by Dubai’s central bank, will streamline the listing and distribution of RWAs, further boosting Mantra’s presence in the Middle Eastern market.
Beyond these partnerships, the OM token has seen triple-digit gains this year, reflecting the growing momentum behind Mantra’s initiatives.
Earlier in March, the project raised $11 million to build its RWA-tailored network and is now nearing the completion of securing a license from Dubai's crypto regulator, VARA. This regulatory milestone is expected to further solidify Mantra’s position as a leader in the RWA blockchain landscape, setting the stage for continued expansion and innovation.
This article has been refined and enhanced by ChatGPT.
