Mantra Chain Partners with Binance as Active Validator on Mainnet
Mantra Chain has partnered with Binance, integrating Binance as a validator on its mainnet. This collaboration aims to enhance network security and decentralize governance.
Key Developments in Mantra Chain
- Binance brings industry experience, expected to boost trust in Mantra's ecosystem.
- Mantra is diversifying its validators, moving away from internal validators.
- Other partners include Nansen, Google Cloud, Twinstake, and Hex Trust.
- Mainnet launched in October 2024, focused on RWA tokenization.
- Completed a $411 million funding round last year with multiple contributors.
- In January 2025, formed a $1 billion partnership with DAMAC Group for asset tokenization.
- Native token OM was listed on Binance in March 2021; price increased by 30% post-integration announcement.
Binance’s New Product Launch
- Binance launched RWUSD, a yield product tracking tokenized US Treasury bills.
- Offers up to 4.2% APR reward based on holdings, with a flat rate across deposits.
- Subscriptions available using Tether or Circle stablecoins, subject to regional eligibility.