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- MANTRA Chain’s partnership with MAG Group and RWA Inc. is accelerating the adoption of RWA tokenization.
- MANTRA secures $11M funding to expand operations, focusing on compliant and scalable RWA tokenization solutions.
During the ongoing rebound in the cryptocurrency market, the token Mantra (OM) has risen to become one of today’s top gainers, with double-digit gains. As of the time of writing, the OM token was trading around $0.9957, up 12.19% over the last 24 hours, setting itself to potentially break beyond the $1 threshold, which it has previously retested today.
Surging Volume Sparks Bullish Predictions for OM Token
Furthermore, the OM token’s trading volume has increased by more than 90%, reaching $21 million, making it one of the top-performing tokens today. This bullish momentum has piqued the interest of renowned analyst World of Charts, who stated that the “OM bullish pennant breakout has already confirmed” and that he expects a 45-50% gain.
On the other hand, CNF has revealed that MANTRA Chain has partnered with MAG Group to tokenize $500 million in real estate assets. Investors in this business can earn stablecoin returns of up to 8%, as well as potential benefits from the OM tokens.
The project has carefully positioned itself as a leader in this field, with a special emphasis on critical areas including the Middle East and Asia.
MANTRA’s operations are supported by the MANTRA Chain, a Layer 1 blockchain intended exclusively for the issuance, trade, and secure management of tokenized real-world assets (RWAs). These assets include real estate, private equity, artwork, and treasuries.
A notable breakthrough in this field is MANTRA’s collaboration with RWA Inc., which wants to expedite the adoption of RWA tokenization by offering a frictionless and regulated platform for transferring real-world assets onto the blockchain.
This collaboration emphasizes the importance of regulatory compliance, which is necessary for recruiting institutional investors and fostering trust in the ecosystem.
Beside that, MANTRA has received $11 million in funding to improve its infrastructure and expand its operations in Hong Kong and the UAE.
This funding is designed to improve the platform’s ability to provide compliant and scalable solutions for RWA tokenization, contributing to the larger goal of making asset tokenization a cornerstone of the global financial system.