Mantra Upgrades Mainnet with MultiVM Architecture
Mantra has enhanced its mainnet to natively support both the Ethereum Virtual Machine and CosmWasm, delivering a MultiVM architecture tailored for real-world asset (RWA) tokenization. This advancement allows developers to use familiar tools on a blockchain specifically designed for tokenizing assets.
The tokenization of real-world assets presents a market potential estimated by analysts to be around $16 trillion. However, the progress has been hindered by fragmented developer tools, ambiguous regulatory frameworks, and limited interoperability between ecosystems.
To bridge these gaps, Mantra has upgraded its RWA-centered layer-1 blockchain to include native compatibility for both the Ethereum Virtual Machine (EVM) and CosmWasm, a smart contract framework for Cosmos that compiles to WebAssembly.
This upgrade incorporates specific requirements at the protocol level and is supported by Mantra Finance’s virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
Mantra’s upgrade signifies a first for RWA-focused layer-1 chains, featuring a MultiVM architecture that integrates EVM capabilities with CosmWasm in a live environment. MultiVM allows the chain to operate multiple smart contract virtual machines concurrently, enabling teams to utilize familiar tools while accessing a base layer that includes built-in compliance checks, designed specifically for institutional workflows.
“Mantra Chain is at the heart of the Mantra ecosystem,” stated Mantra founder and CEO John Patrick Mullin. “With this EVM upgrade, we’re not just improving performance; we’re further embedding compliance into the protocol, opening the door to a new era of accessibility, trust, and regulatory clarity when tokenizing RWAs. It’s another important step toward making the future of finance more open and efficient for everyone.”
Many blockchains implement controls purely through application-level contracts, which can differ from one app to another and create inconsistent enforcement. By moving certain requirements into the base protocol, consistent guidelines are established across the network, thereby decreasing ambiguity for compliance teams and streamlining risk assessments for institutions that need to demonstrate comprehensive controls.
Changes for Developers and Institutions
- Deploy as-is: Developers can launch Solidity-based decentralized applications (DApps) on Mantra Chain without needing to modify code and can fork DeFi protocols for RWA applications.
- EVM depth: The chain allows for low-level EVM instructions (opcodes) and optimized system contracts (precompiles), complete with low fees and RWA-oriented infrastructure.
- Bridging next: Simple transfers from other EVM chains are on the short-term roadmap.
Moving forward, the team plans to scale adoption, onboard new asset issuers, and showcase how tokenized finance can operate with clear audit trails, permissioning, and policy enforcement.
Mantra’s announcement comes after several weeks of news updates. In August, the project disclosed a strategic partnership with Inveniam to establish an institutional RWA stack anchored in both the UAE and the United States. Governance and decentralization have improved as Mantra welcomed Binance, Nansen, and Inveniam as validators, while reducing internal validators.
“Two critical factors that distinguish Mantra from the competition are our VASP license from Dubai’s VARA, and our compliance-driven infrastructure,” Mullin highlighted.
Looking ahead, Mantra intends to introduce permissioned liquidity pools, institutional compliance frameworks, and enhanced interoperability with other blockchains. It will also host Agentic., a two-day summit in Abu Dhabi on October 21–22, focusing on tokenization, market structure, and capital flows.
Mantra’s MultiVM upgrade harmonizes native EVM and CosmWasm within an architecture that incorporates compliance into the protocol, tailored for RWA applications.
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