MANTRA Lands $20M Mega-Deal with Inveniam—UAE-Based RWA Powerplay Goes Global
Blockchain's real-world asset (RWA) race just got hotter—and the Middle East is holding the flame.
MANTRA's $20 million coup
Dubai-based MANTRA just vacuumed up $20 million from U.S. institutional heavyweight Inveniam Capital. No vague "strategic partnership" here—this is a straight capital injection to bulldoze RWA infrastructure between MENA and Wall Street.Why TradFi should sweat
The playbook? Tokenize everything that isn't nailed down—from Gulf real estate to Texas oil rigs—while regulators scramble to keep up. One Inveniam exec quipped: "We didn't cross into crypto for the volatility... we came for the asset-backed irony."The cynical kicker
Watch traditional finance firms suddenly "discover" asset tokenization now that a UAE startup's hauling their future profits into the on-chain economy. Too little, too late?
Source: MANTRA’s TVL | DeFiLlama
OM price recovery signals following April 90% collapse
Meanwhile, MANTRA’s native token OM is attempting to recover from the April 13 fallout, when it plummeted from over $6 to below $0.50, wiping out more than $5 billion in market cap.
Although the token is still trading well below its previous highs, technicals suggest a potential trend reversal is underway. Most notably, OM spiked 52% in a single day on July 20, reaching an intraday high of $0.40 before pulling back to around $0.28. This surge triggered a bullish crossover between 20-day EMA and the 50-day SMA, which is still intact.
OM price is now holding above both MAs, potentially tracking back towards $0.40 resistance. The daily chart also shows a series of higher lows throughout July, confirming a short-term uptrend.
