Mantle, a blockchain platform backed by Crypto Exchange Bybit, is expanding to the real world asset sector (RWA) quickly with a new tokenization service designed to bring traditional finances in blockchain rails
The Tokenization Platform as a protocol service, presented on Thursday at the Token2049 event in Singapore, offers a set of compliance services such as licenses, knowledge of knowledge (KYC), legal structuring and implementation of intelligent contracts, together with security monitoring and decentralized financing integrations (defi) for price discovery.
At the same time, World Liberty Financial, the blockchain protocol with close links with the family of the president of the United States, Donald Trump, also announced that it would deploy its stable of $ 2 billion USD1 on the Mantle network.
“The RWA are no longer a niche. With a $ 26 billion market today and bosses predicted by 2030, the institutions run to carry assets in the chain,” said Key Mantle’s advisor, Emily Bao, in a press release. “Mantle is building the compatible infrastructure, access to liquidity and developer programs necessary to meet that front demand.”
The news occurred when Mantle is expanding rapidly beyond being a rail of Ethereum Layer-2 scale in a broader cryptographic ecosystem. The network is now closely integrated in the popular Bybit commercial platform, which gives exposure to millions of users, and is developing UR, a Fintech application aimed at joining cryptography with traditional financial services.
“Mantle now sits in the heart of the Bybit ecosystem,” said Ben Zhou, co -founder and CEO of Bybit, in a statement. “Together, we are building an institutional bridge of full battery from tradfi to defi, with Rwas in the center.”
The native token (MNT) of the network rose to a new historical maximum of $ 2, an increase of 4.5% in the last 24 hours. It has been one of the best performance cryptocurrencies recently, winning 73% during the past month.
Read more: ‘Tokenization is going to eat the entire financial system,’ says Robinhood CEO
