Greetings Sherpas

Ahead of the upcoming $OM GenDrop, we posted an update on our sybil investigations, sharing that multiple fraudulent accounts attempting to unfairly gain $OM had been detected.

The update was met with a mixed (and very colourful) response, however, on 26 March, after sharing a new Governance Proposal, we successfully completed a GenDrop that rewarded those with an authentic and honest interest in the durability, sustainability and long term vitality of our ecosystem.

To date, over 1.1 million $OM has been claimed. An amount that continues to climb.

An Update by Numbers

On the validator front, we have 29 active validators securing the network.

Staking wise, over $4 million in $OM has been staked on Fluxtra, the first liquid staking protocol on MANTRA.

62M $OM has been bridged, further boosting the ecosystem’s liquidity and utility.

Currently, five exchanges have integrated MANTRA Chain, with more in the pipeline.

RWA Summit in Seoul

Next month, we’re taking institutional-grade tokenization talks to Korea on 14 April 2025. Held in partnership with BTCON, our inaugural MANTRA RWA Summit will bring key players and innovators from traditional finance, policy making, development, and more, all together, all in one place, and all on one day.

Right now, South Korea is on the fast track due to their integrated financial regulator - the Financial Supervisory Service - planning to legalize Security Token Offering platforms by June 2025. It’s a pivotal moment not just for the region, but the wider industry and community.

The summit follows on from our team’s trip earlier this month to meet with MBK Vice Chairman Seungjoon Chang and MBN CEO Dongwon Lee to discuss partnerships, explore tokenization pilots and more.

If this is a day you’d like to participate in, either as an attendee, speaker, or active community member in the region, we invite you to reach out to Kate Kim via kate@mantra.finance. You can also register here.

Final Call: RWAccelerator

First round submissions for our accelerator program, supported by Google Cloud, will close on 6 April. For AI builders and startups, it’s a chance to gain access to investment capital, mentorship, dedicated support and more.

Apply here.

Now Live: $OM Liquid Staking dApp

Over $4M in $OM has been staked on Fluxtra, the first liquid staking protocol on MANTRA, made by a Sherpa. Users can stake $OM to earn validator yields while receiving xFLUX rewards.

Please conduct your own research before engaging. Fluxtra is an independent platform and is not owned, operated, or managed by MANTRA or its affiliates.

Real Word Meet Ups

Nicholas Krapels, our Chief Strategy Officer, joined Binance’s Suhoor Sessions for a deep dive on how tokenization is transforming financial markets.

John participated in the Digital Asset Summit 2025 in NYC, speaking on “The Next Wave of Institutional Crypto Products” alongside industry leaders from Superstate, Bitwise, Kaiko, and Bloomberg Intelligence.

Nick also joined Trust Wallet’s Trust Talks for a live discussion on the future of RWAs, exploring the opportunities and challenges in bringing real-world value onto blockchain networks.

Following our time in NYC, John joined the “Putting the Real in RWA" panel for the DC Blockchain Summit 2025, alongside the Baltimore City Department of Law and Broadridge. The discussion covered the growing role of blockchain in real-world finance and the evolving regulatory landscape shaping its adoption.

In the Media

While in Dubai, John dropped by UAE’s #1 talk radio station, DubaiEye 103.8FM to discuss our recent VARA licensing milestone, the RWAccelerator program with Google Cloud, and the future of MANTRA.

John sat down with Cointelegraph, to discuss MANTRA’s $1 billion RWA deal with DAMAC Group, our newly secured VARA license, and the expanding RWA market.

On CoinGape, John covered the current state of the RWA market, our recent VARA license approval, and the launch of RWAccelerator in collaboration with Google Cloud. Highlighting MANTRA’s commitment to bridging traditional finance with blockchain, and the steps we’ve been taking to drive real-world asset adoption.

Trust Wallet’s latest Web3 Digest highlighted standout Real-World Asset (RWA) projects driving blockchain innovation. MANTRA made the list for our technology, regulatory positioning, and contributions to bridging traditional finance with Web3.

Bitcoinist covered MANTRA’s significance in obtaining a VASP license for crypto companies, and the opportunities it will unlock.

Our Co-Founder Jayant sat down with Voice of Web3, covering not just the latest in RWAs, what’s currently delaying global adoption, our future roadmap and a breakdown between NFTs and RWAs.

April here we come.

Let's keep building.

MANTRA