What happened to the RWA token?

The Mantra, known as the second real active token after Chainlink, has deposited more than 90% in the last 24 hours.

Here’s what we know.

Barely a few days ago, Mantra (If) praised a gain of 640% in 12 months. At the last check, its market capitalization of $ 6 billion fell to around $ 485 million.

Patrick Mullin, CEO of Mantra, recently radius at Crypto.News on being an end -to -end ecosystem fully in accordance with tokenization and RWA trading. The company, fresh to obtain a VARA de Dubai VARA license, intended to operate legally as an exchange of virtual assets.

We do not know if the recent downward trend obstructs these plans.

Mantra ecosystem fund

A newly launched fund was created to support RWA and DEFI projects in the world for more than four years.

The company, which offers OM-Token subsidies and capital investments, has been focused on loans / loans, trade, asset management, derivatives and infrastructure.

Mantra also signed a tokenization agreement of $ 1 billion with the Damac group, covering real estate, hospitality, data centers.

It is a story in development. Stay listening for more coverage.