According to Manta Network, Manta Pacific is leading the way in integrating real-world assets (RWAs) into the Web3 ecosystem. The platform is powering its ecosystem with assets such as Mountain Protocol’s wUSDM, a 5% yielding stablecoin, backed by U.S. Treasury bonds and BlackRock’s BUIDL Fund.
Why Real Asset Management?
In the Web3 space, RWA has the potential to revolutionize asset management and ownership. Manta Network provides individuals and organizations with tools to efficiently manage these types of assets through a decentralized framework. The platform aims to bridge the traditional financial world with the decentralized future by tokenizing tangible assets, making them accessible to everyone, and facilitating greater liquidity and transparency in asset management.
Key Features of Manta Pacific
Manta Pacific’s modular architecture, leveraging Celestia’s Data Availability layer, ensures high performance and scalability. This design allows parallel transaction processing and efficient resource allocation to handle significant transaction volumes with low latency and high throughput. This architecture facilitates seamless upgrades and integrations, maintaining operational continuity and flexibility.
The platform integrates directly with the underlying protocol, giving users direct access to the production and RWA within the network. With protocol-based assets such as Mountain Protocol’s wUSDM, the platform supports a variety of DeFi opportunities and optimizes asset utilization across lending, borrowing, and staking protocols.
RWA tools are enhanced through collaboration with local businesses. The notable partnership with Cyberport, a leading digital technology incubator in Hong Kong, aims to explore real-world applications of Web3 technology to drive innovation in sectors such as finance and education.
RWA-based applications on Manta Network
Mountain Protocol’s USDM stablecoin, built on Manta Pacific, has quickly become the largest Treasury-backed stablecoin, with a market capitalization of $153 million and the third-largest RWA protocol by total locked value. Manta Network leverages wUSDM, Manta Pacific’s Mountain Protocol’s Liquid Staking Token (LST), backed by U.S. Treasury bonds and BlackRock’s BUIDL Fund. This integration brings together traditional finance and DeFi, providing the stability and returns of traditional financial products.
RWA portfolio expansion
The Manta community can expect an exciting array of new RWAs and more RWA-based applications to be developed from Manta Pacific. The upcoming cohort of the zk Accelerator Program will focus on supporting RWA-related projects, which is in line with Manta Network’s commitment to evolving and leading in the Web3 environment.
The first zk accelerator program, held together with Celestia and Polygon, demonstrated Manta Network’s commitment to scalable Web3 solutions. The upcoming cohort will further strengthen the capabilities of the RWA sector and expand its offerings.
About Manta Network
Manta Network is a modular blockchain for zero-knowledge (ZK) applications. The Manta Pacific ecosystem is designed for EVM-based ZK applications and dApps, providing users with low costs and optimal experiences. By leveraging Manta’s universal circuits for ZK-as-a-Service and Celestia’s data availability for modularity, the platform provides low gas costs, creating an ideal environment for ZK-enabled applications. Founded by a team from prestigious institutions such as Harvard, MIT, and Algorand, Manta Network has attracted investments from top Web3 funds including Binance Labs and Polychain Capital.
For more information, check out Manta Network’s official announcement.
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