John Patrick Mullin, CEO of MANTRA, said that the "layer one" blockchain MANTRA is designed as an "agnostic" platform for asset tokenization. Mullin made this statement during his talk at Binance Blockchain Week.
"As a layer one blockchain that's creating an infrastructure or protocol for asset tokenization, we're obviously meant to be relatively agnostic," said Patrick Mullin. "So we are working across real estate, financial assets like funds, private credit, private equity, treasury funds, etc."
According to a 2023 report by Boston Consulting Group (BCG), the tokenized asset market is projected to expand from $1.5 trillion to $16.1 trillion by 2030. This growth indicates a promising outlook for borderless, on-chain investments.
The BCG report further indicates that real estate tokenization alone could contribute up to $3.2 trillion to the overall market. By enhancing liquidity, simplifying operations, and enabling borderless access, tokenization is transforming investor engagement with high-value assets and fostering more inclusive global markets.
Traditional alternative investments often require minimum investments exceeding $250,000, creating barriers for many individuals. Bain & Company reports that tokenization can reduce these minimum investment amounts to as low as $1,000, thereby broadening the investor base significantly and allowing more individuals to participate in high-value asset markets. This democratization of access can lead to a more inclusive financial system.
MANTRA is a blockchain platform that tokenizes real-world assets while adhering to regulatory requirements. It supports developers and users with low-cost, efficient transactions, identity verification, and Know Your Customer/Anti-Money Laundering (KYC/AML) compliance. Built on Cosmos Software Development Kit (SDK) with Inter-Blockchain Communication (IBC), MANTRA enables secure cross-chain transactions, decentralized identity (DID), and governance.
Binance Blockchain Week is a conference that brings together innovators, founders, investors, regulators, and officials to discuss the future of blockchain and Web3. The theme of this year's conference is "Momentum." According to the event's website: "Momentum propels our industry, not only taking us through challenges but also leading us to our biggest achievements."