Get on the RWA train before it leaves the station. As you may know by now, tokenizing assets is one of the biggest crypto sectors. It has a massive potential. For example, BlackRock joined this RWA party. That’s the biggest financial advisor and investment company in the world.
BlackRock entered earlier in $BTC and $ETH spot ETFs. Their CEO, Larry Fink, sees this merely as a “stepping stone towards tokenization”. The Boston Consulting Group sees a $16 trillion market by 2030 for RWA tokens. That will be 10% of the global GDP by then.
Now, one project has caught the spotlight. It’s up by 5,000% over last year. It’s also second in RWA projects measured by market cap. That’s Mantra with its $OM token. Here’s a deep dive into Mantra Chain.
What Is Mantra Chain ($OM)?
Mantra ($OM) is a layer 1 chain. Its team built it on Cosmos. Their devs designed it to tokenize real-world assets or RWAs. However, it’s built with institutions and traders in mind. It is a permissionless chain for permissioned dApps. Now, what does this mean? Well, a permissionless chain means that anyone can use it. There’s no single authority that controls it, and users can stay anonymous.
Source: X
However, Mantra is also regulatory compliant. But regulations can change quickly in this new financial sector. Furthermore, in different jurisdictions, there can be different regulations. That’s why Mantra requires a KYC or KYB procedure before you can trade on their dApps. The KYC is the Know Your Customer procedure. KYB is Know Your Business. It requires official ID documents to pass it.
As a result, tho, users can now trade regulated assets or products. The trade-off, pardon the pun, is that it is not anonymous. That’s the price to pay for trading regulated assets. However, this has a couple of advantages that a typical noncustodial DEX does not have. For example, you can trade in:
- Various crypto assets.
- Real estate.
- Equities.
But that’s not all. It also integrates with TradFi. For instance, traditional banking systems. So, crypto and fiat can seamlessly interact with each other, both off- and on-chain.
Source: X
Mantra has licenses to trade in regulated assets. For example, from SOMA in the US. SOMA is a System Open Market Account run by the Federal Reserve. So, we’re looking at dollar-denominated securities. Other licenses should become available in the UAE, and Latin America. This circle will widen to worldwide jurisdictions.
Mantra Chain Features
The Mantra Chain has four main features. So, let’s take a closer look at them and see what they are and what they do:
1. Mantra Compliance Module:
Tools and services that allow you to meet regulatory requirements. It makes the process streamlined and automated. This module has various features. For instance:
- Onboarding — KYC and KYB protocols.
- Reusable KYC — Their on-chain decentralized ID (DID) and soulbound NFTs.
- Continuous AML checks — Ongoing Anti Money Laundering checks.
- Risk assessment — assessing user risk levels.
- KYT protocol — Know Your Transaction.
- Manage and track regulatory changes.
2. Mantra Token Service:
This MTS allows you to create your compliant digital assets on Mantra. You can issue, distribute, and manage them with this tool. It’s an SDK or a Software Development Kit. This opens up trading in regulated assets in various jurisdictions. Some features include, for instance:
- Asset management — Create, issue, and manage fungible and non-fungible assets.
- Access control and permissions layer — You can freeze, seize, destroy, and transfer tokens.
3. Mantra Asset Module:
This is a dApp that allows the before-mentioned MTS to work. It allows you to launch security tokens. However, it can also represent RWAs like securities. This dApp allows you to give these assets a name, a symbol, or the number of tokens you issue. So, it’s also possible to fractionalize these assets. It can also track ownership, has transfer options, or can grant or revoke permissions.
4. Mantra DEX:
- This has two current options that are live:
Source: X
More features are in the pipeline, like, a swap, liquidity pools and farms, and an orderbook. The DEX will first run on Ethereum, Polygon, and the BNB Chain. It will integrate with the mainnet once this goes live. Currently, Mantra Chain is on the Hongbai testnet.
The $OM Token
The $OM token is doing good. The current price is 89c. It has a market cap that hovers around $750 million. The good news on the tokens is that they’re pretty much all in circulation. That’s almost all 888.8 million.
However, what’s even better is that $OM is not far away from its ATH of $1.41. But the best part is that $OM is up by over 5,100% over the last year. That’s really impressive. It should come as no surprise that $OM is in BlackRock’s portfolio. Mantra also recently started an airdrop campaign for $OM. This involves 50 million $OM. This airdrop focuses on community building. It also wants to encourage active participation. You can take part by exploring their ecosystem.
Source: X
This is already Season 2 GenDrop, which is much bigger than Season 1. Visit their Mantra zone site, start the Onchain Missions, and earn KARMA. A more completed Mission means more KARMA. So, get on their leaderboard. By taking part in their KYC, you can get a bigger allocation.
So, this wraps up this deep dive into the Mantra chain and its RWA features. Were you familiar with Mantra, and which part did you like best?
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
