Real-world assets platform MANTRA has announced that the mainnet launch for its MANTRA Chain will go live in October 2024.

Key Features of MANTRA Chain Mainnet

MANTRA, a layer-1 blockchain for RWA (real-world asset) tokenization, revealed that the mainnet launch will introduce critical 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 stated. 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 (DeFi) and traditional finance (TradFi).

Strategic Partnerships and Collaborations

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 significant partnership with MAG, a UAE-based real estate giant. This 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.

Impact on OM Token

These developments have recently catalyzed the native token OM’s performance, with prices surging amid a spike in active wallets and staking.

“The mainnet launch will not only enhance network stability but also provide institutional-grade access to on-chain finance and tokenized assets,”

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