Mantra Finance Launches First Regulated Real-World Asset Product
Mantra Finance has announced its first regulated real-world asset (RWA) product, the Pyse E-Bike Fleet, compliant with the Virtual Assets Regulatory Authority (VARA). Key details include:
- Pyse manages over $9 million in green assets, including 700 electric vehicles.
- The initiative allows investors to earn income from commercial EV leases in the UAE and India.
- Mantra's broader vision includes making asset-backed digital products accessible globally.
- A recent $108.8 million ecosystem fund supports RWA tokenization startups.
Following the announcement, optimism around Mantra's native token, OM, has increased after a significant decline earlier this year. At present, OM is trading at $0.22, down 2.5% in 24 hours. Market analysts suggest that the new RWA product could trigger a price rally.
Additionally, nearly 30% of the ERC-20 OM supply has migrated to the Mantra Chain, with a deadline set for January 15, 2026, to avoid deprecation.
The global RWA tokenization market has reached an all-time high of $26.5 billion, up 70% since the start of 2023. Tokenized stocks represent a significant opportunity, potentially exceeding $1.3 trillion if 1% of the global equity market is tokenized.
Meanwhile, the Bitcoin Hyper Layer 2 network is gaining traction, addressing Bitcoin's limitations with faster, cheaper transactions. The ongoing presale has raised over $12 million, with HYPER tokens priced at $0.012805.
Token Details:
- Ticker: HYPER
- Funds Raised: $12.12 million