MANTRA (MANTRA) is the native coin of MANTRA Chain, an EVM-compatible Layer 1 blockchain built for real-world asset (RWA) tokenisation with regulatory compliance features embedded at the protocol level. It serves as the chain’s unified native asset for paying network fees (gas), staking, and wider ecosystem operations, while supporting compliant issuance and management of tokenised RWAs by developers and institutions.
MANTRA runs on an EVM-compatible Layer 1, so it can execute Solidity smart contracts and support familiar Ethereum-style tooling, while also offering compliance-focussed modules (such as identity and AML/KYC-style checks) that applications can use to enforce rules around asset issuance and transfers.
The network is secured by proof-of-stake (PoS): validators produce blocks, and holders can stake or delegate to help secure the chain and earn rewards. MANTRA is also used in governance processes that approve upgrades and network changes (including the ecosystem’s transition from the legacy OM token to MANTRA via a 1:4, non-dilutive redenomination/coin split on MANTRA Chain).
MANTRA began as MANTRA DAO, a community-governed DeFi ecosystem where OM acted as the governance and utility token for services like staking and other financial applications. Over time, the project evolved into MANTRA Chain, shifting from an app/ecosystem focus to operating its own security-first, compliance-ready Layer 1 aimed at RWAs.
Key milestones include launching the DAO and OM, developing the EVM-compatible MANTRA Chain with compliance tooling, obtaining regulatory positioning (including a Dubai VARA VASP licence, as reported by project/community sources), and executing (or finalising around early March 2026, per published timelines) the OM → MANTRA upgrade to unify the chain’s native coin with a 1:4 redenomination/coin split.