Business News Report Technology
November 13, 2024

Hex Trust And MANTRA Chain Partner To Provide Custody And Staking Services For RWAs

In Brief

Hex Trust has partnered with MANTRA Chain to provide its institutional clients with secure custody and staking services for MANTRA’s OM token through its custody platform.

Hex Trust And MANTRA Chain Partner To Provide Custody And Staking Services For RWAs

Digital asset provider Hex Trust announced a partnership with MANTRA Chain, a Layer 1 blockchain developed for specific use cases. Through this collaboration, Hex Trust will offer its institutional clients secure custody and staking services for MANTRA’s native OM token via its advanced custody platform.

Hex Trust is one of the first validators working to secure the MANTRA network. This collaboration allows clients to securely hold and stake their OM tokens and participate in MANTRA governance directly from Hex Trust’s cold storage wallets. The integration follows Hex Trust’s involvement in MANTRA’s recent $11 million funding round, led by Shorooq Partners.

Tokenization of real-world assets (RWAs) represents a notable growth area for the blockchain industry, with an anticipated market size that could reach trillions of dollars. In concept, any asset of value can be tokenized and transferred onto a blockchain, and experts anticipate that major traditional finance firms will begin engaging in the digital asset space to explore these tokenization opportunities.

In order to support the rapidly expanding market of tokenized assets, MANTRA offers a permissionless blockchain for the tokenization and trading of RWAs, all while ensuring adherence to regulatory standards. With the successful launch of its mainnet, MANTRA Chain has reached a milestone in its goal to become a leading platform for compliant on-chain real-world asset management.

Earlier this year, the project announced one of its largest initiatives—tokenizing $500 million worth of assets from MAG Group, a Dubai-based real estate developer. The first phase will include the Keturah Reserve, a residential project in Meydan, Dubai, along with a $75 million property at The Ritz-Carlton Residences Creekside development, part of the Keturah Resort.

Hex Trust Joins Forces With Clearpool To Launch Blockchain For RWA Yield

Founded in 2018, Hex Trust provides regulated digital asset custody, staking, and market services to institutions, including builders, investors, and service providers. The company offers a secure and fully integrated suite of services backed by proprietary infrastructure, ensuring access to comprehensive and regulated solutions for its clients.

Recently, Hex Trust partnered with the decentralized finance (DeFi) credit protocol Clearpool to launch Ozean, a blockchain focused on RWA yield, supported by the Optimism network. The collaboration aims to position Ozean as a leading blockchain for leveraging DeFi to unlock the potential of RWAs, with the CPOOL token serving as its foundational asset.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
News Report Technology
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
November 21, 2024
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
Opinion Lifestyle Markets Technology
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
November 21, 2024
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
News Report Technology
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
November 21, 2024