MANTRA, a real-world asset (RWA) layer-1 blockchain, outperformed all major cryptocurrencies with an 11% gain, reaching $0.89 on Thursday. This surge followed a major partnership with the UAE’s MAG Group Holding to tokenize $500 million in real estate assets.
Launched in October 2020, MANTRA’s native token OM saw a bullish flip on July 3 after the partnership announcement. Investors will earn yields in stablecoins and OM tokens. The partnership aims to enhance RWA compliance in the Middle East.
OM has consistently outpaced the top 100 cryptocurrencies by market cap, currently leading with the highest gains. If bullish trends continue, OM could reach a new all-time high, surpassing its previous ATH of $1.09 set in June 2024.
The strategic partnership with MAG Group highlights MANTRA’s long-term potential in revolutionizing real estate through blockchain technology.
