MANTRA, a Layer 1 blockchain built for real-world assets (RWAs), has taken a major step forward. The project announced that its latest mainnet upgrades are now live, making it the first blockchain to natively support both Ethereum Virtual Machine (EVM) and CosmWasm smart contracts. This makes MANTRA the first true MultiVM chain designed specifically for RWA tokenization.
Why This Matters
For developers and institutions, the upgrade is more than a technical milestone. It means they can build on MANTRA using familiar tools—like Solidity for EVM—while gaining the chain’s security, scalability, and compliance-first design. This matters in an industry where tokenizing traditional assets (from real estate to bonds) is projected to unlock a $16 trillion opportunity, according to Boston Consulting Group.
Unlike most blockchains that bolt on compliance via smart contracts, MANTRA bakes regulatory requirements directly into the protocol. That approach gives institutions a higher degree of confidence while still offering developers the flexibility of EVM infrastructure.
Regulatory Edge in Dubai
The upgrade also builds on MANTRA Finance’s Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows MANTRA to operate as a regulated exchange, broker-dealer, and investment service provider. For institutions, this creates a rare mix: regulatory clarity and blockchain interoperability.
“With this EVM upgrade, we’re embedding compliance into the protocol itself, opening the door to a new era of accessibility, trust, and regulatory clarity when tokenizing real-world assets,” said John Patrick Mullin, MANTRA’s founder and CEO.
What’s New for Users and Developers
The mainnet upgrade immediately brings several benefits:
- Developers can deploy Solidity-based dApps on MANTRA with no code changes and fork existing DeFi protocols for RWA use cases.
- Institutions get access to a self-sovereign, EVM-compatible chain that meets regulatory standards in Dubai.
- Future enhancements will include permissioned liquidity pools, institutional compliance frameworks, and more seamless bridging with other chains.
Momentum Is Building
The update follows a string of recent moves by MANTRA:
- A strategic partnership with Inveniam to build an institutional RWA ecosystem across the UAE and U.S.
- A buyback program for its $OM token to reinforce long-term ecosystem growth.
- Expanded validator governance, bringing in Binance, Nansen, and Inveniam while reducing reliance on internal nodes.
Looking ahead, MANTRA is set to host Agentic., a two-day summit in Abu Dhabi on October 21–22, bringing together leaders in tokenization, markets, and financial innovation.
The Bigger Picture
With compliance, interoperability, and institutional focus at its core, MANTRA is positioning itself as a serious contender in the tokenized finance space. Its MultiVM design may help bridge the gap between traditional finance and decentralized markets—an area regulators, investors, and developers are watching closely.
For more, visit mantrachain.io.
