Mantle, a blockchain platform backed by Crypto Exchange Bybit, is a new tokenization service designed to bring traditional funding to blockchain rails, expanding into the fast-growing real-world assets (RWA) sector.
The protocol’s tokenization platform, announced at the Token2049 event in Singapore on Thursday, will provide compliance services such as licensing, customer (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (KYC) Tool (K
At the same time, World Liberty Financial, a blockchain protocol with close links with President Donald Trump’s family, has also announced that it will deploy a $2 billion Stablecoin to its mantle network.
“RWA is no longer a niche. Today there is a $26 billion market, and the cyclones forecast by 2030 are racing for agencies to bring assets in chains,” Mantle Advisor Emily Bao said in a press release. “The Mantle is building the compliant infrastructure, liquidity access and developer programs needed to meet that demand head on.”
The news is because the mantle is rapidly expanding into a wider crypto ecosystem, beyond being an Ethereum Layer-2 scaling rail. The network is closely embedded in Bybit’s popular trading platform, developing UR, a FinTech application that aims to expose itself to millions of users and fill Crypto with traditional financial services.
“The mantle now sits at the heart of the Bibit ecosystem,” Bybit co-founder and CEO Ben Zhou said in a statement. “Together, we are building a bridge for the full stack facility from Tradfi to Defi.
Network’s Native Tokens (MNTs) have climbed to a fresh, high of $2, an increase of 4.5% over the past 24 hours. It is one of the most performant cryptocurrencies recently, winning 73% in the past month.
Read more: “Tokenization is trying to eat the whole financial system,” says CEO Robinhood
