Mantra Finance Launches VARA-Compliant RWA Tokenization
Mantra Finance has launched its first VARA-compliant real-world asset (RWA) tokenization product, the Pyse E-Bike Fleet. Backed by Pyse’s $9 million green assets and a proven $2.5 million investor distribution, this product lets holders earn cash-flow-based lease income from electric vehicles leased to major food and e-commerce firms in the UAE and India. This move marks a milestone in RWA tokenization, following Mantra’s $108.8 million ecosystem fund for RWA startups and Binance’s integration as a validator on Mantra Chain. Nearly 30% of OM tokens have migrated from Ethereum’s ERC-20 to the native mainnet, boosting liquidity prospects. At $0.22, OM trades near a 90% drop since April’s flash crash, and traders view the compliant RWA tokenization launch and on-chain migration as bullish catalysts. Globally, the RWA market hit $26.5 billion this year, up 70%, while Bitcoin Hyper’s HYPER presale has raised $12.12 million, underscoring demand for asset-backed yields and scalability solutions.
Bullish
The launch of Mantra Finance’s first VARA-compliant RWA tokenization product and the migration of 30% of OM to a native mainnet are clear bullish signals. Historically, compliant asset launches (e.g., Centrifuge RWA pools) and on-chain migrations (e.g., Aave’s v2 upgrade) have driven renewed investor confidence and token price rallies. In the short term, the Pyse E-Bike Fleet offering should attract yield-seeking traders, boosting OM liquidity and narrowing spreads. Over the long term, VARA compliance and a strong ecosystem fund position Mantra Finance as a trusted RWA platform, supporting sustained demand for OM and broader tokenization use cases.