The imminent release of MANTRA’s new test network, named Hongbai, reflects a unique combination of influences from Hong Kong and Dubai and marks a significant milestone towards MANTRA’s aspiration of becoming the premier RWA Layer-1 blockchain within the Cosmos ecosystem. Concurrently, MANTRA is seeking crucial financial licenses in both Hong Kong and the UAE to facilitate the tokenization of Real World Assets (RWAs).
MANTRA Seeks Financial Foothold in Hong Kong and UAE
The acquisition of these licenses will empower MANTRA to legally operate within these cryptocurrency-friendly jurisdictions, thereby simplifying the process for companies interested in tokenizing their assets. With dedicated teams in both Hong Kong and the UAE, MANTRA is developing regulatory and compliance frameworks specifically tailored to suit the needs of these markets. This localised strategy is intended to make the platform versatile enough to handle tokenization of a wide array of assets, including but not limited to real estate, private market funds, art, and valuable collectibles. Access NEWSLINKER to get the latest technology news.
John Patrick Mullin, the CEO of MANTRA, has shared insights into the company’s future, emphasizing the goal to become a global leader in the tokenization of RWAs. He highlighted MANTRA’s commitment to establishing a standard for security, compliance, and innovation, creating an environment that supports developers and institutions. Mullin further stressed the importance of establishing a foothold in key markets like Hong Kong and the UAE, which will be instrumental in shaping and actively constructing the future of RWA tokenization.
Advancing Secure Decentralization and Global Reach
MANTRA’s thorough licensing strategy, combined with a security-focused Layer-1 blockchain, will ensure a strict adherence to security measures, fostering platform adoption and safeguarding tokenized assets. As the pioneer RWA Layer-1 blockchain that meets real-world regulatory standards, MANTRA is poised to facilitate the tokenization of a variety of traditional financial instruments. This includes private equity, publicly traded stocks, and government-backed securities. Aiming to tackle the challenges of liquidity fragmentation and cross-chain interoperability, MANTRA is also investing in a robust, scalable infrastructure that will support a more secure asset tokenization landscape.