MANTRA launches its mainnet, enabling tokenization of real-world assets on-chain

This launch not only enhances the functionality of its OM token, which has transitioned from the ERC-20 standard to the MANTRA Chain, but also allows users to stake their OM tokens and earn rewards in the burgeoning RWA ecosystem.

The introduction of MANTRA’s mainnet underscores its ambition to play a significant role in the tokenization of RWAs. By relocating the OM token to its own blockchain, MANTRA opens the door for users to engage in upcoming RWA offerings, fostering greater participation within its community.

This year has been particularly fruitful for the network, having secured over $25 million in funding and witnessing consistent growth in the value of the OM token.

While the mainnet launch is a major milestone, the price of the OM token has remained stable, experiencing a minor decline of 0.51% in the past day, currently trading at $1.40.

The RWA tokenization sector is gaining traction, now representing 0.33% of the overall crypto market with a total market cap of $7.75 billion. MANTRA stands out in this arena with a market cap of $1.2 billion, closely competing with other players like ONDO.

Interest from institutional investors in RWAs is on the rise, with more companies looking into blockchain-based financial solutions.