🚀 MANTRA to Launch Mainnet with EVM Compatibility and Strategic Partnerships
#MANTRA #Mainnet #EVMCompatibility #MultiVMLayer1 #Blockchain #RealWorldAssets #DeFi #DecentralizedApplications #StrategicPartnership #Investment #YieldTokens #Ecosystem #LiquidityMarket
According to PANews, MANTRA has announced the full EVM compatibility of its testnet, marking it as the first MultiVM Layer 1 blockchain designed specifically for real-world assets. The mainnet is scheduled to go live in September, with plans to support projects such as financing for Dubai's electric bicycle fleet through the MANTRA.finance platform. The ecosystem is set to expand between the fourth quarter of 2025 and the first quarter of 2026, introducing more decentralized applications (dApps) and partnerships. By the second quarter of 2026, MANTRA aims to launch yield tokens based on real-world assets and establish a secondary liquidity market.
Additionally, the team has formed a strategic partnership with Inveniam, securing a $20 million investment to facilitate the on-chain integration of real-world assets (RWAs). Future efforts will focus on launching ecosystem applications, expanding partnerships, and offering yield products and secondary liquidity markets based on RWAs, further developing a secure and compliant decentralized finance (DeFi) ecosystem.#MANTRA #Mainnet #EVMCompatibility #MultiVMLayer1 #Blockchain #RealWorldAssets #DeFi #DecentralizedApplications #StrategicPartnership #Investment #YieldTokens #Ecosystem #LiquidityMarket
🚀 ASIC Expands Financial Services Laws to Include Digital Assets
#ASIC #FinancialServices #DigitalAssets #Cryptocurrency #CorporationsAct #FinancialProducts #AustralianFinancialServicesLicense #YieldTokens #StakingPrograms #Stablecoins #OffshorePlatforms #DecentralizedPlatforms #CustodyObligations #NetTangibleAssets
According to BlockBeats, the Australian Securities and Investments Commission (ASIC) has significantly updated its guidance on digital assets, broadening the application of existing financial services laws to cryptocurrency businesses. The update clarifies when digital asset products and services may be considered financial products under the Corporations Act. The new guidance replaces earlier terminology of crypto assets with the broader term digital assets, encompassing virtualization, tokenization, and token-based products.
ASIC reiterated that many digital assets, including yield tokens, staking programs, and asset-referenced stablecoins, may require an Australian Financial Services License under current laws. The regulator also emphasized that Australian laws apply equally to offshore and decentralized platforms marketing or selling to local users. New custody obligations require companies holding client assets to meet a net tangible asset threshold of up to AUD 10 million.#ASIC #FinancialServices #DigitalAssets #Cryptocurrency #CorporationsAct #FinancialProducts #AustralianFinancialServicesLicense #YieldTokens #StakingPrograms #Stablecoins #OffshorePlatforms #DecentralizedPlatforms #CustodyObligations #NetTangibleAssets