MANTRA has secured $20m from Inveniam to expand its RWA blockchain in the UAE and U.S., as its native OM token shows early signs of recovery after April’s 90%+ crash.
Summary
- Inveniam’s $20m investment aims to scale MANTRA’s regulated RWA blockchain infra using AI-powered data tools.
- MANTRA’s TVL plunged from $4m in April to under $500k in August, a trend the partnership hopes to reverse.
- OM token surged 52% on July 20, triggering a bullish technical crossover and confirming a short-term uptrend.
MANTRA (OM), a purpose-built Layer 1 blockchain for RWAs, has announced a strategic partnership with Inveniam, a U.S.-based data operations management platform. As part of the deal, Inveniam is investing $20 million to help MANTRA grow its platform across the UAE and the U.S.
“We have been in discussions with MANTRA for some time. As we watched third party bad actors prey upon excellent builders and founders, we leaned in. In our diligence, we have found MANTRA to be a fundamentally excellent chain with great management, regulatory clarity, institutional focus, and the right partners,” Patrick O’Meara, Chairman and CEO of Inveniam said.
The partnership will connect MANTRA’s regulated blockchain infrastucture with Inveniam’s tools that collect, manage, and analyze data using AI. This will allow private market assets—like real estate and private equity—to be turned into digital tokens that can be traded in DeFi, with real-time data reporting and monitoring.
A key part of the plan is centered in the UAE. MANTRA’s subsidiary in Dubai is fully licensed to operate digital asset services, while Inveniam has offices in Abu Dhabi. The partnership will take advantage of local regulations, infrastructure, and AI capabilities from UAE-based tech firm G42.
The initiative is positioned to create a full-stack market infrastructure for tokenized RWAs, aiming to unlock access to a market projected to reach $18.9 trillion by 2033.
The partnership is also expected to support the growth of MANTRA Chain’s total value locked which has seen a significant decline in recent months. According to data from DeFiLlama, MANTRA’s TVL fell sharply from over $4 million in April to under $500,000 as of August. This drop signals waning user activity and capital outflows, a trend the Inveniam partnership aims to reverse.
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.
