MANTRA Brings Real-World Assets Onchain with Mainnet Launch

United Arab Emirates, Dubai, September 18th, 2024, Chainwire

MANTRA, a purpose-built layer 1 blockchain for tokenized real-world assets (RWAs) has announced it will launch its highly anticipated Mainnet in October 2024. This milestone event marks a significant step in bringing traditional finance onchain and provides a new home for MANTRA's native token, $OM.

MANTRA Chain will provide a comprehensive and customizable suite of tools allowing developers to tailor solutions based on their specific needs. This suite not only simplifies the process of bringing real-world assets onchain, but also ensures the solutions remain compliant with regulatory requirements.

As part of MANTRA’s vision to become the preferred ledger of record for real-world assets, the MANTRA Chain Mainnet will include key features such as:

Verifiable network security and stability, mitigating counterparty riskA trusted platform to deploy institutional capital onchainA foundation for a globally accessible asset class, unlocking the multi-trillion dollar real-world asset economy"The launch of our Mainnet marks the culmination of years of work to bring finance onchain. We are thrilled to be at the forefront of bridging the gap between traditional and decentralized finance,” said John Patrick Mullin, CEO of MANTRA. “By providing on-ramps for tokens and stablecoins with world class stability and reliability, we believe MANTRA Chain will be the leading global destination for businesses and industries to access onchain financing and asset tokenization."MANTRA Chain’s launch represents a significant milestone in the integration of traditional finance with blockchain technology. MANTRA Chain will bring more RWA partnerships to the forefront, adding to recent announcements like MANTRA’s partnership with UAE real estate giant MAG to tokenize US$500 million of real estate.

For more information about MANTRA, the mainnet launch and the company’s ambitions for the RWA ecosystem, visit mantrachain.io.

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About MANTRA:

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

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This article was originally published on Chainwire

Source: Investing.com