We’re thrilled to announce that the highly anticipated launch of the MANTRA Chain Mainnet will be coming in October 2024.
Decentralized finance (DeFi) protocol MANTRA has announced the upcoming launch of its mainnet, which will be available in October 2024. The mainnet will serve as a key element in MANTRA’s broader goal of becoming the preferred ledger for real-world assets (RWAs).
The protocol aims to integrate traditional finance into the blockchain while offering a robust platform for institutional capital and asset tokenization.
In a recent development, MANTRA has announced the upcoming launch of its mainnet, which will be available in October 2024. The mainnet will serve as a key element in MANTRA’s broader goal of becoming the preferred ledger for real-world assets (RWAs).
The protocol aims to integrate traditional finance into the blockchain while offering a robust platform for institutional capital and asset tokenization.
This initiative will provide the foundation for a globally accessible asset class, unlocking the multitrillion-dollar RWA market. The stage is set to empower enterprises and industries with access to on-chain financing, ultimately enhancing DeFi’s capacity to engage with established financial structures.
Highlighting the significance of the mainnet launch, MANTRA’s CEO and Co-Founder, JP Mullin, stated:
“The launch of our Mainnet marks the culmination of years of work to bring finance on-chain. We are thrilled to be at the forefront of bridging the gap between traditional and decentralized finance. 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 on-chain financing and asset tokenization.”
The mainnet will be equipped with several notable features, including a strong emphasis on verifiable network security and stability, which is designed to minimize counterparty risk.
Through this measure, MANTRA Chain aims to attract institutional capital by establishing a trusted platform that facilitates large-scale financial transactions on the blockchain within a secure and reliable environment.
With a focus on practical solutions to traditional finance challenges, this mainnet launch serves as a significant step towards bridging the gap between TradFi and DeFi.
The ability to tokenize real-world assets and integrate institutional-level security on the blockchain may provide MANTRA with a substantial advantage in attracting enterprises seeking to venture into the DeFi landscape.
In related news, recent reports from Crypto News Flash highlighted MANTRA’s partnership with MAG Group, which aims to tokenize $500 million in real estate assets. This agreement showcases MANTRA’s role in facilitating large-scale RWA tokenization.
To enhance accessibility and enable trading of these assets on the blockchain, the initiative will break down the substantial tokenized value into smaller units, known as "tranches."
This measure is expected to expedite the adoption of asset tokenization by permitting smaller investors to participate in markets that are typically dominated by larger financial institutions.
At the time of writing, MANTRA’s native token, OM, is valued at $1.12, reflecting an increase of 4.60% over the last 24 hours, with a daily trading volume of $20.47 million.
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