MANTRA and Ondo Finance Revolutionize RWA Tokenization
MANTRA's Landmark Onchain Product Launch
MANTRA, a leader in real world asset (RWA) tokenization, has announced a significant onchain product that promises to enhance liquidity support in the decentralized finance (DeFi) sector. This development reflects the growing institutional interest in RWA tokenization, as MANTRA prepares to debut its blockchain featuring Ondo’s USDY.
USDY: A Game-Changer in RWA
USDY, Ondo’s flagship interest-bearing tokenized note, will serve as a genesis asset on MANTRA's blockchain. It offers exposure to short-term US Treasury yields while maintaining stablecoin utility. USDY is tailored for investors outside the US, as it is not available to US persons or registered under the US Securities Act.
Incentivized Multi-Chain Vault
In celebration of this liquidity milestone, MANTRA and the Ondo Foundation are launching a multi-chain vault. Users contributing USDC will gain immediate access to high-quality yield. Participants remaining until the MANTRA Chain mainnet launch will receive ONDO tokens and mainnet OM coins, alongside their yield. The public launch on Ethereum and Base is expected in June.
Structured Rewards and Community Engagement
To ensure optimal yields, MANTRA and the Ondo Foundation have implemented a ratcheting reward structure. As community milestones are reached, rewards will increase, preventing dilution of returns.
Bridging Traditional and Decentralized Finance
MANTRA aims to merge DeFi composability with institutional-grade finance. USDY's features, such as overcollateralization and third-party oversight, position it as a cornerstone in the RWA ecosystem. This initiative supports MANTRA's strategy to develop a highly liquid Layer 1 blockchain dedicated to RWAs.
About Ondo and MANTRA
Ondo Foundation, based in the Cayman Islands, seeks to create financial inclusivity through onchain products. Ondo Finance provides blockchain-enabled investment products with a focus on institutional-grade solutions. MANTRA operates a security-first RWA blockchain, enabling seamless participation in RWA tokenization with advanced tech and compliance features.
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