Mantle Launches Tokenization Platform, Adds WLFI’s USD1 Stablecoin in RWA Push

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coindesk
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5 hours ago


Mantle, a blockchain platform backed by crypto exchange Bybit, is expanding to the fast-growing real-world asset (RWA) sector with a new tokenization service designed to bring traditional finance on blockchain rails

The protocol's Tokenization-as-a-Service platform, unveiled on Thursday at the Token2049 event in Singapore, offers a set of compliance services like licensing, know-your-customer (KYC) tools, legal structuring and smart contract deployment, alongside security monitoring and decentralized finance (DeFi) integrations for price discovery.

At the same time, World Liberty Financial, the blockchain protocol with close links to U.S. President Donald Trump's family, also announced that it would deploy its $2 billion USD1 stablecoin on the Mantle network.

"RWAs are no longer niche. With a $26 billion market today and trillions forecasted by 2030, institutions are racing to bring assets on-chain," key Mantle advisor Emily Bao said in a press release. "Mantle is building the compliant infrastructure, liquidity access, and developer programs needed to meet that demand head-on."

The news came as Mantle is rapidly expanding beyond being an Ethereum layer-2 scaling rail into a broader crypto ecosystem. The network is now tightly embedded in Bybit’s popular trading platform, giving it exposure to millions of users, and is developing UR, a fintech application aimed at bridging crypto with traditional financial services.

"Mantle now sits at the heart of Bybit's ecosystem," Ben Zhou, co-founder and CEO of Bybit, said in a statement. "Together, we're building a full-stack institutional bridge from TradFi to DeFi — with RWAs at the center."

The network's native token (MNT) climbed to a fresh all-time high of $2, up 4.5% over the past 24 hours. It has been one of the best performing cryptocurrency recently, gaining 73% over the past month.

Read more: 'Tokenization is Going to Eat the Entire Financial System' Says Robinhood CEO


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