Mantle Launches Tokenization Platform, Adds WLFI’s USD1 Stablecoin in RWA Push
Mantle, a blockchain platform backed by crypto alternate Bybit, is increasing to the fast-growing real-world asset (RWA) sector with a brand new tokenization service designed to convey conventional finance on blockchain rails
The protocol’s Tokenization-as-a-Service platform, unveiled on Thursday on the Token2049 occasion in Singapore, affords a set of compliance providers like licensing, know-your-customer (KYC) instruments, authorized structuring and good contract deployment, alongside safety monitoring and decentralized finance (DeFi) integrations for worth discovery.
On the identical time, World Liberty Monetary, the blockchain protocol with shut hyperlinks to U.S. President Donald Trump’s household, additionally introduced that it might deploy its $2 billion USD1 stablecoin on the Mantle community.
“RWAs are now not area of interest. With a $26 billion market as we speak and trillions forecasted by 2030, establishments are racing to convey property on-chain,” key Mantle advisor Emily Bao mentioned in a press launch. “Mantle is constructing the compliant infrastructure, liquidity entry, and developer applications wanted to fulfill that demand head-on.”
The information got here as Mantle is quickly increasing past being an Ethereum layer-2 scaling rail right into a broader crypto ecosystem. The community is now tightly embedded in Bybit’s in style buying and selling platform, giving it publicity to hundreds of thousands of customers, and is growing UR, a fintech software aimed toward bridging crypto with conventional monetary providers.
“Mantle now sits on the coronary heart of Bybit’s ecosystem,” Ben Zhou, co-founder and CEO of Bybit, mentioned in a press release. “Collectively, we’re constructing a full-stack institutional bridge from TradFi to DeFi — with RWAs on the heart.”
The community’s native token (MNT) climbed to a contemporary all-time excessive of $2, up 4.5% over the previous 24 hours. It has been top-of-the-line performing cryptocurrency just lately, gaining 73% over the previous month.
Learn extra: ‘Tokenization is Going to Eat the Total Monetary System’ Says Robinhood CEO
