MANTRA (OM)

Deprecated

Overview

MANTRA is a blockchain built for real-world assets, often called RWAs. These are assets or financial rights that exist beyond the blockchain, such as property interests, fund shares, or payments from a lease. Tokenization creates a digital record of those rights. MANTRA aims to make such records usable in blockchain applications while giving asset issuers tools to control who can hold or transfer particular tokens. (docs.mantrachain.io)

The project’s coin began as OM, an Ethereum token. OM later became the native coin of MANTRA Chain. In March 2026, the chain changed its coin’s ticker from OM to MANTRA through a one-to-four split: one OM became four MANTRA. The native coin is used to pay network fees, secure the chain through staking, and take part in governance. Older material may still use the OM name. (docs.mantrachain.io)

History & Team

From a DeFi project to its own blockchain

MANTRA began in 2020 as a decentralized finance project. Its original OM token launched on Ethereum that August. The early project focused on activities such as staking and community governance. It later shifted toward building a dedicated blockchain for tokenized real-world assets. MANTRA Chain’s mainnet launched in October 2024, with OM serving as its native staking coin from the start. (docs.mantrachain.io)

The project was co-founded by John Patrick Mullin, Will Corkin, and Rodrigo Quan Miranda. Mullin has served as its chief executive. In March 2024, MANTRA announced an $11 million funding round led by Shorooq Partners, with several other investors taking part. In June 2026, the project announced a proposed acquisition by Inveniam Capital Partners, a company focused on private-market data. The announcement described plans to continue the MANTRA brand, chain, and ecosystem under the proposed combination. (medium.com)

Technology & How It Works

A public chain with controlled applications

MANTRA Chain is a Layer 1 blockchain, meaning it processes and records transactions on its own network. It is built with the Cosmos SDK, a set of tools for creating blockchains. The chain is open for people to use and developers to build on. An application built there can still set its own access rules. For example, an issuer can limit a token representing a financial product to approved holders. (docs.mantrachain.io)

This distinction matters for RWAs. A public record can show when a token moves, while an issuer may need to check a buyer’s identity or limit transfers under the terms of an offering. MANTRA’s developer tools support tokens with controls built into the chain’s banking system. Developers can also write application rules in smart contracts, including rules that check whether a wallet is approved to receive a token. (docs.mantrachain.io)

Staking, smart contracts, and connections

MANTRA uses delegated proof of stake. Validators confirm transactions and help produce new blocks. Coin holders can delegate MANTRA to validators and receive a share of staking rewards. They can also vote on proposals about how the chain operates. (docs.mantrachain.io)

Developers can build with Cosmos tools and with the Ethereum Virtual Machine, or EVM. EVM support lets them deploy smart contracts written in Solidity, a language widely used for Ethereum applications. MANTRA also supports Inter-Blockchain Communication, known as IBC, for moving supported assets between connected Cosmos networks. These features give builders more than one way to create applications and connect them to other chains. (docs.mantrachain.io)

Tokenomics & Utility

Supply and distribution

When MANTRA Chain launched, its initial supply was 1,777,777,776 OM. Half mirrored the supply of the older Ethereum token. The other half was assigned across ecosystem purposes, contributors, investors, and incentives. The project’s published genesis breakdown includes allocations for upgrades, the MANTRA Chain Association, core contributors, and airdrops. Contributor coins follow a five-year schedule, with an initial period before they begin to unlock. (docs.mantrachain.io)

The 2026 split changed the number of units without changing a holder’s share through the split itself. It also set the maximum supply at 10 billion MANTRA. New coins can be issued under the chain’s inflation rules up to that cap. The chain has changed its inflation rate through governance votes; a change implemented in August 2025 set it at 8%. Under the documented allocation, 60% of newly issued coins goes to staking rewards and 40% to community rewards used for purposes such as application support and public goods. (docs.mantrachain.io)

What the coin does

MANTRA’s main jobs are practical ones on the network:

• Fees: It pays for transactions and other on-chain actions.
• Staking: Delegated coins help determine which validators secure the chain.
• Governance: Stakers can vote on proposals, including changes to network settings. (docs.mantrachain.io)

The earlier Ethereum OM token had a different role in the project’s history. Its migration window to MANTRA Chain ended in January 2026. That history helps explain why both names appear in older guides and exchange notices. (docs.mantrachain.io)

Ecosystem & Use Cases

Issuing and using tokenized assets

MANTRA’s main use case is providing a shared record for assets whose ownership or payments are managed off-chain. A tokenized property interest, for example, can record transfers on the blockchain while the issuer maintains the legal documents and rules tied to the property. The same approach can be used for other assets when issuers and applications put the needed agreements and processes in place. MANTRA’s tools let those builders combine token transfers with checks on eligible holders. (docs.mantrachain.io)

MANTRA Finance is the ecosystem’s user-facing platform for regulated asset products in Dubai. The wider ecosystem also includes mantraUSD, a stablecoin developed using the M0 platform and backed by short-term U.S. Treasury assets. It is designed for payments and settlement within MANTRA applications. MANTRA Zone provides a place to connect a wallet and delegate coins for staking. (docs.mantrachain.io)

The chain has another use case through NVNM Chain, launched with Inveniam in 2026. This connected network records proofs about private-market data while keeping the underlying sensitive records in controlled systems. It shows how MANTRA’s infrastructure can support records about an asset as well as tokens tied to it. (mantrachain.io)

Advantages & Challenges

What the design offers

MANTRA brings several useful pieces together. Builders can use familiar Ethereum contract tools, connect with Cosmos networks through IBC, and create applications with rules for approved asset holders. The native coin links fees, staking, and governance to one chain. A licensed MANTRA Finance business in Dubai also provides a route for eligible users to access particular regulated offerings. (docs.mantrachain.io)

What remains difficult

Turning a real-world asset into a useful token takes more than issuing a coin. The issuer must connect the token to clear legal rights, maintain records about the asset, and carry out any required holder checks. Each application must make those parts work together. MANTRA supplies blockchain tools for that process, while the details depend on the asset and the organization offering it. (docs.mantrachain.io)

Software reliability is another continuing task. In August 2026, an accounting flaw in a software component used by MANTRA Chain allowed an attacker to move coins from two addresses without their authorization. The project published an account of the incident and its technical response. The event put added attention on testing and maintaining the chain’s connected software components. (mantrachain.io)

Where to Buy & Wallets

MANTRA is available on exchanges including Binance, Bitget, and Gate US, each of which announced support for the OM-to-MANTRA change. Availability and supported deposit networks depend on the exchange and the user’s region. Exchange listings use the MANTRA ticker for the upgraded coin. (binance.com)

Keplr supports MANTRA Chain’s Cosmos-based wallet environment and connects to staking through MANTRA Zone. MetaMask and Rabby can be used with the chain’s EVM environment when configured for that network. MANTRA provides a tool for moving its coin between the Cosmos and EVM sides of the chain; the EVM-side representation is called wMANTRA. The address format used for a withdrawal therefore depends on which side of the chain is receiving it. (docs.mantrachain.io)

Regulatory & Compliance

MANTRA’s approach separates the open blockchain from the rules applied by individual asset products. In Dubai, MANTRA Finance FZE holds an active Virtual Asset Service Provider licence from the Virtual Assets Regulatory Authority. The regulator’s public register lists exchange, broker-dealer, and management and investment services among its licensed activities, including permission to serve eligible retail and institutional users under stated conditions. The licence belongs to that business and its listed activities. (vara.ae)

Rules also differ across jurisdictions and types of token. In the European Union, the Markets in Crypto-Assets framework sets requirements for crypto-asset offerings and services, including disclosure rules for relevant white papers. An issuer’s obligations depend on the product being offered and how it is classified. MANTRA’s support for identity checks and controlled transfers gives developers tools to address requirements attached to specific applications. (esma.europa.eu)

Shariah compliance is assessed at the level of particular financial arrangements. MANTRA Finance and Pyse worked with Shariah adviser AmanX on PYSE Green Velocity 1, an offering tied to lease payments from electric motorcycles in Dubai. They described that offering as Shariah compliant; MANTRA Finance later paused subscriptions to it. For the native MANTRA coin, a religious assessment would separately consider how it is used, including staking rewards and any product in which it plays a part. A designation for one asset offering does not determine the status of every activity on the chain. (mantrachain.io)

Future Outlook

MANTRA’s development centers on making tokenized assets useful beyond their first issuance. That means giving issuers ways to manage holder rules, giving developers tools to build applications, and connecting asset records with systems used in finance. Its EVM support, Cosmos connections, MANTRA Finance platform, and work with Inveniam each address a different part of that effort. (docs.mantrachain.io)

How far the ecosystem grows will depend on applications that people and institutions continue to use. For real-world assets, lasting use also requires dependable information about what each token represents and how its rights are maintained. MANTRA’s role is to provide blockchain infrastructure that can work alongside those off-chain processes. (mantrachain.io)

Summary

MANTRA grew from the Ethereum-based OM project into a Layer 1 blockchain focused on real-world assets. Its native coin, now called MANTRA, pays network fees, secures the chain through staking, and supports governance. The project’s place in crypto is its effort to pair an open blockchain with tools for asset products that have defined ownership and access rules. (docs.mantrachain.io)