The mainnet launch of the MANTRA Chain is scheduled to occur in October 2024, according to the real-world assets platform MANTRA.
In a statement released on September 18, MANTRA it is stated that the mainnet launch will provide important features such as improved network stability and institutional-grade access to tokenized assets and on-chain financing.
According to co-founder and CEO of MANTRA John Patrick Mullin, the mainnet will put the blockchain platform in a position to accomplish its objective of integrating traditional finance on-chain.
As mentioned by Mullin, MANTRA’s token and stablecoin on-ramps are drawing more companies and industry participants into the RWA and asset tokenization arena, contributing to closing the divide between traditional and decentralized finance.
MANTRA has struck some key partnerships
With new alliances in the real-world assets ecosystem, the MANTRA Chain’s mainnet launch will help achieve this goal.
Mantra announced its incentive-driven testnet in April and signed a major agreement with MAG, a major real estate company in the United Arab Emirates.
The agreement’s main component is the $500 million in real estate tokenization. A memorandum of agreement between a blockchain startup and an aviation finance company was revealed by MANTRA in August.
Through this partnership, RWA investment opportunities in the aviation industry—which is presently worth over $200 billion—will be made available.
With prices rising in tandem with increased active wallets and staking, these trends have recently stimulated the performance of the native token OM.
