Known as Hongbai, the upcoming launch of the latest MANTRA test network represents a synergistic blend of Hong Kong and Dubai influences and is a significant step towards becoming the first RWA Layer-1 on Cosmos. MANTRA has announced its application for key financial licenses in Hong Kong and the United Arab Emirates (UAE) as a move to popularize Real World Asset (RWA) tokenization.
MANTRA’s Strategic Approach to RWA Tokenization
MANTRA has announced its application for key financial licenses in Hong Kong and the United Arab Emirates (UAE) as a move to popularize Real World Asset (RWA) tokenization.
These licenses will enable MANTRA to operate in these crypto-friendly regions and make it easier for businesses to explore the benefits of asset tokenization.
With specialized teams in Hong Kong and UAE, MANTRA is working on regulatory and compliance frameworks tailored to these markets. This strategic localization will ensure that MANTRA’s platform is optimally designed to tokenize a diverse portfolio of assets, from real estate and private market funds to art and treasures.
John Patrick Mullin’s Vision for MANTRA
MANTRA CEO John Patrick Mullin has made statements regarding the company’s vision, saying:
“Our vision is to lead the tokenization of Real World Assets and set a global standard for security, compliance, and innovation. This will create a sustainable ecosystem for developers and institutions. By solidifying our position in strategic, crypto-friendly markets like Hong Kong and UAE, we are not only steering the future but actively building it.”
Thanks to the establishment of a solid legal foundation, MANTRA is well-positioned to help businesses overcome the complexities of RWA tokenization. In doing so, the company aims to set new benchmarks for security and regulatory compliance in the field of RWA tokenization.
Decentralization and Global Adoption Take Center Stage
MANTRA’s comprehensive licensing framework and security-first Layer-1 Blockchain will ensure adherence to strict security protocols, thus supporting the platform’s adoption and protecting tokenized assets.
As the first RWA Layer-1 Blockchain capable of adhering to and implementing real-world regulatory requirements, MANTRA is designed to support the tokenization of various traditional financial products.
These include private equity funds, publicly traded stocks, and securities backed by governments. Focused on addressing liquidity fragmentation and cross-chain interoperability, MANTRA is also laying the foundation for a secure and scalable infrastructure in the world of asset tokenization. It is worth noting that the price of Mantra (OM) has increased 10x since November.
