Real-world assets platform MANTRA has announced that the mainnet launch for its MANTRA Chain will go live in October 2024.
MANTRA (OM), a layer-1 blockchain for RWA tokenization, said in a Sept. 18 announcement that the mainnet launch will offer key features such as enhanced network stability and institutional-grade access to on-chain finance and tokenized assets.
Bridging DeFi and TradFi
The mainnet will position the blockchain platform to achieve its goal of bringing traditional finance on-chain, MANTRA co-founder and chief executive officer John Patrick Mullin said.
MANTRA’s token and stablecoin on-ramps continue to attract more businesses and industry players to the RWA and asset tokenization space, helping to bridge the gap between decentralized finance and traditional finance, Mullin added.
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MANTRA has struck some key partnerships
The MANTRA Chain’s mainnet launch will support this objective through new partnerships in the real-world assets ecosystem. Mantra unveiled its incentivized testnet in April and struck a signficant partnership with MAG, a UAE-based real estate giant. The deal centers around the tokenization of $500 million in real estate.
In August, MANTRA disclosed a memorandum of understanding between the blockchain firm and an aviation finance company. The collaboration aims to unlock RWA investment opportunities in the aviation sector, a market currently valued at over $200 billion.
These developments have recently catalyzed the native token OM’s performance, with prices surging amid a spike in active wallets and staking.
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