thenewscrypto.com
The much-anticipated Mainnet launch of a purpose-built layer 1 blockchain for tokenized real-world assets (RWAs) MANTRA, has been revealed. It is scheduled for October 2024. This major event gives MANTRA’s native token, $OM, a new home and represents a major step toward integrating conventional finance onchain.
With the broad and customizable suite of tools that MANTRA Chain will offer, developers may customize solutions to meet their specific needs. This suite guarantees that the solutions continue to comply with regulatory standards while also streamlining the process of moving real-world assets onto the blockchain.
Key aspects of the MANTRA Chain Mainnet will include the following, as part of MANTRA’s aim to become the preferred ledger of record for real-world assets:
- Verifiable stability and security of the network, reducing counterparty risk
- A reliable platform for the on-chain deployment of institutional funds
- A foundation for an asset class that is accessible worldwide and opens up the multitrillion dollar real-world asset industry
John Patrick Mullin, CEO of MANTRA stated:
“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. 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.”
The launch of MANTRA Chain marks a critical turning point in the integration of blockchain technology to conventional finance. In addition to previous announcements like MANTRA’s cooperation with UAE real estate firm MAG to tokenize US$500 million of real estate, MANTRA Chain will push additional RWA partnerships to the fore.
Visit mantrachain.io to learn more about MANTRA, the mainnet launch, and the company’s goals for the RWA ecosystem.