The much-anticipated Mainnet launch of a purpose-built layer 1 blockchain for tokenized real-world belongings (RWAs) MANTRA, has been revealed. It’s scheduled for October 2024. This main occasion provides MANTRA’s native token, $OM, a brand new residence and represents a significant step towards integrating typical finance onchain.
With the broad and customizable suite of instruments that MANTRA Chain will provide, builders could customise options to fulfill their particular wants. This suite ensures that the options proceed to adjust to regulatory requirements whereas additionally streamlining the method of shifting real-world belongings onto the blockchain.
Key facets of the MANTRA Chain Mainnet will embrace the next, as a part of MANTRA’s goal to grow to be the popular ledger of file for real-world belongings:
- Verifiable stability and safety of the community, decreasing counterparty danger
- A dependable platform for the on-chain deployment of institutional funds
- A basis for an asset class that’s accessible worldwide and opens up the multitrillion greenback real-world asset business
John Patrick Mullin, CEO of MANTRA said:
“The launch of our Mainnet marks the end result of years of labor to convey finance onchain. We’re thrilled to be on the forefront of bridging the hole between conventional and decentralized finance. By offering on-ramps for tokens and stablecoins with world class stability and reliability, we imagine MANTRA Chain would be the main world vacation spot for companies and industries to entry onchain financing and asset tokenization.”
The launch of MANTRA Chain marks a important turning level within the integration of blockchain know-how to traditional finance. Along with earlier bulletins like MANTRA’s cooperation with UAE actual property agency MAG to tokenize US$500 million of actual property, MANTRA Chain will push further RWA partnerships to the fore.
Go to mantrachain.io to be taught extra about MANTRA, the mainnet launch, and the corporate’s objectives for the RWA ecosystem.