When we first conceptualized and began building MANTRA Chain, our plan was clear: move fast, build on top of the Cosmos stack, and create a blockchain purpose-built to adapt to the rapidly changing regulatory landscape.

However, since our October 2024 launch, the market has moved significantly faster than most expected, led in part by a crypto-friendly U.S. adopting forward-thinking regulations and policies.  MANTRA has been deeply focused on these developments, perhaps the most important of which has seen the $16 trillion tokenization opportunity and the community powering it converge on the EVM stack. 

So we faced a choice. Stick to our initial convictions, or evolve our stack and strengthen our position to meet the market where we believe it’s going. We chose the latter. 

Which brings us to today. 

MANTRA Chain is now fully EVM-compatible. 

We’re the first MultiVM Layer 1 blockchain for real world assets. CosmWasm and EVM are running in parallel. It’s a game-changing moment for our ecosystem and the wider industry. We’ve called it the Abunnati Upgrade (Abu Dhabi + Cincinnati). 

Compliance is critical and the real MVP

It’s an essential requirement as the intersection of TradFi and DeFi continues to not just evolve, but require greater clarity.

Most blockchains approach compliance as an afterthought - adding it as a final thought or last layer via a smart contract. Compliance on MANTRA Chain is embedded at the protocol level. 

The TL;DR? 

MANTRA Chain has always enforced regulatory requirements, and now with EVM compatibility, we aren’t compromising our architecture - we’re expanding access to it. 

MANTRA + EVM = A Unique Combination 

As of today, we are the first purpose-built RWA chain that is both EVM-compatible and self-sovereign. 

The best metaphor to explain this? 

You can build the most advanced electrical grid in the world; however, if you use a different voltage standard, nothing will connect. 

Enter EVM - it’s akin to installing a universal adapter for every device to plug into, and build upon the grid. It’s an adapter that unlocks Ethereum’s massive developer base, access to existing DeFi liquidity and protocols, as well as lower integration costs and faster time to market for partners. 

For developers, this means they have access to protocol-level compliance modules, as well as highly performant infrastructure with low fees. They can fork and customize DeFi protocols for RWAs as well as deploy dApps with all the EVM opcodes they know and love. 

For institutions, they won’t have to choose between EVM compatibility and regulatory frameworks - they’ll get both. Our tech will be combined with  MANTRA Finance’s Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services.  We believe this combination is incredibly powerful and market-changing.  

It opens up clear regulatory pathways for developers, asset owners and developers to bring projects and assets onchain. 

So What’s Next? 

In the coming weeks, developers will no longer have to choose between sophisticated RWA infrastructure and familiar tools. Commencing September 23, they’ll get both. So save the date when we let developers know that MANTRA EVM is stable and ready for developers to do what they do best: build.

We are incredibly excited about this launch, and we’d love to hear your feedback. Issues, questions, need assistance? Just let the team know via Discord. We are here to help. 

But as always, job’s not finished.

C🕉️eback szn.

JPM. 

‍For a comprehensive MANTRA Chain guide, documentation and support, please visit our developer portal.