The MANTRA platform has announced the launch of the MANTRA Chain mainnet in October 2024. The mainnet will offer enhanced network stability and access to on-chain finance and tokenized assets.
Bridging DeFi and TradFi
The mainnet launch will support the platform's goal of integrating traditional finance on-chain. MANTRA co-founder and CEO John Patrick Mullin noted that MANTRA's token and stablecoin on-ramps continue to attract more businesses and industry players to the asset tokenization space, bridging the gap between decentralized and traditional finance.
Key Partnerships of MANTRA
The MANTRA Chain mainnet launch supports this goal through new partnerships in the real-world assets ecosystem. In April, MANTRA launched its incentivized testnet and struck a significant partnership with MAG, a UAE-based real estate giant. The deal focuses on tokenizing $500 million in real estate. In August, MANTRA disclosed a memorandum of understanding with an aviation finance company, opening investment opportunities in the aviation sector valued at over $200 billion.
Impact on OM Token
These developments have positively impacted the native OM token's performance, with prices surging amid a spike in active wallets and staking.
The launch of the MANTRA Chain mainnet in October 2024 is a major step for the platform in integrating traditional finance into blockchain and asset tokenization. New partnerships and ongoing initiatives help achieve this goal.
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