Hex Trust has teamed up with MANTRA Chain. This partnership focuses on providing secure custody and staking services for MANTRA's native OM token.
Hex Trust is one of the first validators for the MANTRA network. This means they help keep it secure. With this collaboration, clients can safely hold and stake their OM tokens. They can also participate in MANTRA governance directly from Hex Trust’s cold storage wallets.
This partnership follows Hex Trust's involvement in MANTRA’s recent funding round, which raised $11 million. Shorooq Partners led this funding effort.
Tokenization of real-world assets, or RWAs, is a hot topic in the blockchain industry. Experts predict this market could reach trillions of dollars. Essentially, any valuable asset can be tokenized and moved onto a blockchain. Major finance firms are expected to explore these digital asset opportunities soon.
Earlier this year, MANTRA Chain announced a major initiative. They plan to tokenize $500 million worth of assets from MAG Group, a real estate developer based in Dubai. The first phase includes the Keturah Reserve, a residential project in Meydan, Dubai. It also includes a $75 million property at The Ritz-Carlton Residences Creekside, part of the Keturah Resort.
Additionally, Hex Trust has partnered with Clearpool, a decentralized finance credit protocol. Together, they launched Ozean, a blockchain focused on RWA yield. This blockchain is supported by the Optimism network. The goal is to make Ozean a leading platform for using DeFi to unlock the potential of RWAs. The CPOOL token will serve as its foundational asset.