MANTRA Launches Mainnet to Bring Real-World Assets On-Chain

MANTRA has launched its mainnet, aiming to bring real-world assets (RWAs) on-chain, marking a significant step in blockchain technology. This move enhances the utility of its OM token, which has now migrated from ERC-20 to MANTRA Chain. Users can now stake the OM token and earn rewards within the expanding RWA ecosystem.

The launch of MANTRA’s mainnet signals the network’s ambition to become a key player in the tokenization of real-world assets. By moving the OM token to its new blockchain, MANTRA enables users to participate in future RWA drops, further boosting engagement within its ecosystem. This year has been notably positive for the network, as it has raised over $25 million in 2024 and seen steady growth of the OM token.

Despite the mainnet launch, the OM token’s price has remained relatively stable. It experienced a slight dip of 0.51% over the last 24 hours, currently trading at $1.40. However, the RWA tokenization industry has continued to grow in significance, with a market share of 0.33% of the total crypto market and a total market capitalization of $7.75 billion. Within this sector, MANTRA holds a prominent position with a $1.2 billion market cap, closely followed by competitors like ONDO.

Institutional interest in RWAs has increased, with more firms exploring blockchain-based financial products. Legal & General, a major pension and investment management firm, recently announced plans to enter the RWA ecosystem. If successful, they would join companies like Ripple Labs, which are already working on tokenized bonds and other financial instruments.

Other financial institutions, such as State Street, have also begun experimenting with tokenized bonds and money market funds, reflecting the broader adoption of blockchain technology within institutional finance. These developments highlight the growing recognition of tokenization as a tool to streamline and innovate within traditional financial systems.