The Emerging Force in the RWA Field: The MANTRA Project is Developing Rapidly

Recently, the Layer 1 blockchain project MANTRA, focused on the tokenization of real-world assets (RWA), announced an important agreement with a renowned real estate group in Dubai. The two parties plan to tokenize at least $1 billion worth of the group's assets in the UAE, a move seen as a significant show of confidence in the future of RWA tokenization.

MANTRA has been very active over the past year, and after successfully launching its mainnet in October 2024, its token price saw a significant increase. Data shows that throughout 2024, MANTRA (OM) experienced a rise of 6418.3%, climbing from $0.0584 at the beginning of the year to $3.81 by the end of the year, making it the standout project in the RWA investment sector in 2024.

Middle East Business Strategic Layout

MANTRA is currently operating in multiple regions, but its main focus is on the Middle East, particularly Dubai. Previously, MANTRA reached an agreement with another developer to tokenize real estate assets worth $500 million, with the first project set to launch from a residential project in Dubai.

In addition, MANTRA has signed a memorandum of understanding with a digital bank authorized by the Central Bank of the UAE. The cooperation between the two parties will focus on developing a framework to support the tokenization and distribution of RWA, while strictly adhering to the relevant regulations of local regulatory authorities.

Important Milestones in 2024

Looking back at 2024, MANTRA achieved several important milestones:

1. Successful financing: Completed $11 million financing in March, and two months later received a strategic investment from a well-known securities company's digital asset subsidiary.

2. Technological Innovation: Developed an RWA suite that includes digital identity, compliance systems, token management systems, decentralized exchanges, and highly efficient liquidity emission protocols.

3. Mainnet Launch: On October 23, the MANTRA mainnet officially launched, allowing users to perform token bridging, staking, and participate in network security maintenance.

Future Development Plan

The CEO of MANTRA stated that the project is currently in the first phase, focusing on bringing high-quality assets onto the blockchain. In the future, the development of the RWA sector will proceed in three phases:

1. Phase One: Focus on the supply side, bringing quality assets on-chain.
2. Phase Two: Focus on liquidity and the development of the secondary market.
3. Third phase: Achieve the composability of RWA, enabling its widespread use in various DeFi applications.

MANTRA has set an ambitious goal of reaching a total value locked (TVL) of $100 billion in RWA by the end of 2026. Although progress has been relatively slow at the moment, the project is attracting new funds and participants, and is expected to create a positive snowball effect.

The collaboration between MANTRA and a Middle Eastern real estate giant marks significant progress in the field of real estate tokenization using blockchain technology in the region, and also provides new development opportunities for the RWA sector. As MANTRA continues to expand in the RWA field, the project shows strong development potential. In the future, whether MANTRA can become a leader in the RWA field is worth the industry's continuous attention.