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- MANTRA Chain Mainnet will launch in October 2024, aiming to tokenize RWAs and attract institutional capital.
- MANTRA partners with MAG Group to tokenize $500M in real estate, unlocking new opportunities for asset tokenization.
MANTRA has officially announced that the MANTRA Chain Mainnet will be coming in October 2024. This development is a vital component of MANTRA’s larger ambition of being the preferred ledger for real-world assets (RWAs), with the goal of bringing traditional finance on-chain while also providing a strong platform for institutional capital and asset tokenization.
The MANTRA Chain Mainnet will have numerous key features that are likely to have a substantial influence on the decentralized finance (DeFi) and real-world asset sectors.
🕉️ #MANTRA Brings Real-World Assets Onchain with #Mainnet Launch.
We’re thrilled to announce that the highly anticipated launch of the MANTRA Chain Mainnet will be coming in October 2024.
🔥As part of MANTRA’s vision to become the preferred ledger of record for real-world… pic.twitter.com/AGkZ5Xe6R1
— MANTRA ✈️ TOKEN2049 🇸🇬 (@MANTRA_Chain) September 18, 2024
MANTRA Focus on Security and Stability to Attract Institutional Capital
One of the most important aspects of the new mainnet is its emphasis on verifiable network security and stability, which is intended to reduce counterparty risk.
MANTRA Chain intends to attract institutional capital by creating a trusted platform that provides a safe and trustworthy environment for large-scale financial transactions on the blockchain.
This action is expected to provide the groundwork for a globally accessible asset class, thereby unlocking a multitrillion-dollar RWA market. This stage intends to give enterprises and sectors access to on-chain financing, hence enhancing decentralized finance’s ability to engage with existing financial structures.
“The launch of our Mainnet marks the culmination of years of work to bring finance on-chain,” stated MANTRA’s CEO and Co-Founder, JP Mullin. He added:
“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.”
A Major Step Towards Bridging Traditional Finance and DeFi
This mainnet launch is a significant milestone for MANTRA and the decentralized finance community. The company’s native token, OM, is likely to find a new home on the MANTRA Chain, strengthening its position in the ecosystem.
This launch also demonstrates MANTRA’s dedication to increasing the adoption of decentralized finance by offering practical answers to traditional financial concerns.
The ability to tokenize real-world assets and provide institutional-level security on the blockchain might provide MANTRA a substantial advantage in luring enterprises wishing to enter the DeFi industry.
Meanwhile, earlier reports from CNF highlighted MANTRA’s relationship with MAG Group, which planned to tokenize $500 million in real estate assets. This agreement demonstrates MANTRA’s commitment to facilitating large-scale RWA tokenization.
By breaking the significant tokenized value into smaller chunks known as “tranches,” the company wants to make these assets more accessible and tradable on the blockchain. This project may expedite the adoption of asset tokenization by allowing smaller investors to engage in markets usually dominated by larger financial institutions.
At the time of writing, MANTRA’s native token, OM, was trading at $1.12, up 4.60% over the last 24 hours, with a daily trading volume of $20.47 million.
