Hex Trust and MANTRA Chain Partner to Enhance Secure Custody and Staking Services for OM Token

Hex Trust recently announced an exciting partnership with MANTRA Chain. This Layer 1 blockchain is designed for specific use cases, and together, they aim to provide secure custody and staking services for MANTRA's native OM token.

As one of the first validators for the MANTRA network, Hex Trust allows clients to safely hold and stake their OM tokens. Plus, they can engage in MANTRA governance directly from Hex Trust’s cold storage wallets. This partnership follows Hex Trust’s participation in MANTRA’s recent $11 million funding round, led by Shorooq Partners.

The tokenization of real-world assets (RWAs) is gaining traction in the blockchain industry. Experts predict this market could reach trillions of dollars. Essentially, any valuable asset can be tokenized and transferred onto a blockchain. Major traditional finance firms are expected to explore these digital asset opportunities.

Earlier this year, MANTRA Chain announced a major initiative 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 features a $75 million property at The Ritz-Carlton Residences Creekside, part of the Keturah Resort.

In another development, Hex Trust has teamed up with Clearpool, a decentralized finance (DeFi) credit protocol, to launch Ozean. This blockchain focuses on RWA yield and is supported by the Optimism network. The goal is to position Ozean as a leading platform for leveraging DeFi to unlock the potential of RWAs. The CPOOL token will serve as its foundational asset.