MANTRA has just secured $20 million to accelerate the development of its RWA ecosystem, particularly in the UAE and the USA. With the OM token showing signs of recovery post-April crash, some see a golden opportunity. Is it time to capitalize on this momentum and take a position ?
The plan is ambitious : transform private market assets into tradable digital tokens in the DeFi space, with real-time data reporting. Inveniam, a US-based company specializing in data operations management, is investing $20 million to support the expansion of MANTRA, particularly in the United Arab Emirates and the United States.
“We have been in discussions with MANTRA for some time. As we observed malicious third parties targeting excellent builders and founders, we became more involved. During our due diligence, we found that MANTRA is a fundamentally excellent chain, with excellent management, regulatory clarity, institutional orientation, and the right partners,” said Patrick O’Meara, President and CEO of Inveniam.
A key element of this partnership focuses on the United Arab Emirates. MANTRA’s Dubai subsidiary already holds a full license to operate digital asset services. Additionally, Inveniam has offices in Abu Dhabi. Together, they will leverage local regulations, infrastructure, and the AI capabilities of UAE-based technology company G42.
The goal is to create a comprehensive market infrastructure for tokenized real-world assets (RWAs). It aims to unlock a market estimated at $18.9 trillion by 2033. This initiative could reverse MANTRA’s recent downward trend in total value locked (TVL), which has fallen from over $4 million in April to less than $500,000 in August.
Meanwhile, MANTRA’s native token OM is attempting to recover after April’s collapse. It plummeted by more than 90%, dropping from over $6 to less than 50 cents, wiping out more than $5 billion from its market capitalization.
Although the token is still far from its highest levels, technical indicators suggest that a potential trend reversal is underway. On July 20, OM surged by 52%, reaching an intraday high of 40 cents, before settling around 28 cents. This rise triggered a bullish signal with the crossing of the 20-day exponential moving average and the 50-day simple moving average, a signal that remains present. The OM price now maintains above both these moving averages. This could bring it back toward the resistance level of 40 cents, confirming a short-term bullish trend.
This initiative by MANTRA and Inveniam demonstrates the growing momentum in the cryptocurrency and blockchain sector. The creation of a comprehensive infrastructure for tokenized real-world assets is a prime example. It leverages regulations from the UAE and the United States. Thus, this strategic partnership could accelerate widespread adoption of this new class of digital assets.
You should carefully monitor key levels before committing and don’t hesitate to take profits in case of a price increase. To buy the OM token on Bitget, follow these simple steps :
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
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