MANTRA MANTRA Rank #565

MANTRA is a Layer 1 blockchain purpose-built for the tokenization and onchain management of real-world assets (RWAs). Operating as a smart contract platform, it supports MultiVM architecture and is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy applications using familiar Ethereum tooling while accessing the network's compliance-oriented features. The protocol is designed around a "Permissionless Blockchain for Permissioned Applications" model, enabling regulatory requirements to be embedded either at the chain level or directly within individual smart contracts. This approach seeks to bridge decentralized infrastructure with the compliance needs of institutions handling tokenized assets. The project has secured what it describes as the first DeFi exchange license from Dubai's Virtual Assets Regulatory Authority (VARA), covering retail market participants and positioning the network within the regulated digital asset landscape of the Middle East. By combining EVM compatibility with built-in compliance primitives and a focus on tokenized real-world assets, MANTRA aims to serve as a foundational layer for onchain asset management, particularly for use cases involving regulated financial products and institutional participation.