Hex Trust Partners with MANTRA Chain to Support Custody and Staking for Real-World Assets

Hong Kong, 13 November, 2024 — Hex Trust, a leading fully-licensed provider of digital asset custody and markets services, has partnered with MANTRA Chain, a purpose-built layer-1 blockchain designed to support real-world assets (RWAs). Hex Trust will offer institutional clients secure custody and staking of the native $OM token directly from its industry-leading custody platform. 

Hex Trust is among the first cohort of validators helping to secure the MANTRA network. Clients can now hold and stake their native OM tokens as well as participate in MANTRA governance directly from Hex Trust’s innovative cold wallets. This integration comes after Hex Trust’s participation in MANTRA’s $11M funding round led by Shorooq Partners. 

Real-world asset (RWA) tokenization is one of the largest market opportunities in the blockchain industry, with a potential trillion-dollar market size. In theory, anything of value can be tokenized and brought onchain and it is expected that major traditional finance firms will enter the digital asset space to participate in tokenization.

MANTRA is supporting this fast growing market by offering a permissionless chain for the tokenization and trading of real-world assets in accordance with regulatory requirements. MANTRA Chain has successfully launched its mainnet marking a major milestone towards becoming the leading ledger for compliant real-world assets onchain.

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

Alessio Quaglini, CEO & Co-Founder at Hex Trust said, “This is a key partnership we have been building over a multi-year period and we are extremely excited to move into the next phase of supporting MANTRA. By offering custody and staking of $OM, Hex Trust is further delivering on its commitment to bring market defining products and services across a wide range of instruments to our global client base.” 

"Hex Trust has been a long-term strategic partner for MANTRA, and we're proud to see this relationship grow," said John Patrick Mullin, CEO & Co-Founder of MANTRA. "Operating within the rule of law with a custodian like Hex Trust is crucial for our focus on RWAs, especially in key regions like Hong Kong and Dubai."

Benefits of Real-World Asset Tokenization

Tokenized real-world assets offer numerous benefits, including:

• Liquidity: By enabling globally accessible liquidity conditions, tokenized RWAs enable increased market liquidity for traditionally illiquid assets.
• Transparency: Since the tokenized assets are represented on-chain, transparency and auditable asset management are ensured, which could decrease overall systemic risks as the amount of leverage and risk in the entire system can be more accurately determined.
• Accessibility: Tokenized RWAs can broaden the potential user base of certain asset types by enabling easier access through blockchain-based applications and allowing a broader set of users to utilize assets that would otherwise be unavailable to them through fractional ownership.

Disclaimer

This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction.  As always, users should do their own research are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely.  Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons.

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About Hex Trust

Established in 2018, Hex Trust offers regulated institutional digital asset Custody, Staking and Markets services to builders, investors and service providers. Get access to our comprehensive, secure and regulated suite of services built on our proprietary and fully integrated infrastructure.

For more information, visit hextrust.com or follow Hex Trust on LinkedIn, X and Telegram.

About MANTRA Chain 

MANTRA Chain is a security-first layer 1 blockchain aiming to take real-world financial assets and bring them on chain. The all-new MANTRA Chain is built from the ground leveraging the Cosmos-SDK along with tailormade modules to enhance compliance, like the MANTRA Digital Identity, MANTRA Guard and MANTRA Token service modules. This suite of sophisticated products is designed to help bridge the gap between traditional finance and Web3 and provide an easy way for developers to build compliant permissionless applications.