- Backed by key buyers and stakeholders the buyback will likely be executed transparently over a number of months throughout publicly traded centralized alternate venues
- Together with Inveniam’s $20,000,000 funding, complete commitments now attain $45,000,000, reinforcing institutional confidence in OM and MANTRA’s RWA ecosystem
ZUG, Switzerland, Aug. 28, 2025 /PRNewswire/ — MANTRA, a layer 1 blockchain purpose-built for tokenized actual world belongings (RWAs), at present broadcasts the primary tranche of its buyback of OM tokens, supported and funded by a gaggle of its key buyers and stakeholders, by way of a $25,000,000 (minimal) dedication.
This primary buyback follows Inveniam’s latest $20 million funding in MANTRA to advance institutional market infrastructure, and enhance non-public actual world asset participation and adoption. Mixed, these two bulletins mirror a minimal $45 million dedication.
The strategic buyback displays the important thing companions’ continued perception and confidence in MANTRA’s ecosystem, in addition to the long-term worth and sustainability of the OM token. In the present day’s announcement confirms MANTRA CEO and Founder, John Patrick Mullin’s assertion in April 2025 {that a} strategic token buyback was deliberate and would happen.
From 27 August, 2025, MANTRA AG, MANTRA Chain Affiliation’s wholly owned subsidiary, will execute the buyback transparently over a number of months till all of the proceeds have been totally deployed. Recurring purchase orders at, or close to, present market costs, will likely be positioned by properly regarded impartial buying and selling companies, throughout publicly traded centralized alternate venues. Upon completion of every tranche, all bought OM tokens will likely be withdrawn from exchanges as ERC20 tokens, migrated to MANTRA Chain mainnet, and staked with MANTRA’s validator set.
Periodic progress updates will likely be offered by way of MANTRA’s X account, because the buybacks are executed and accomplished. The wallets storing the repurchased and staked OM will likely be printed by way of the OM token dashboard.
“This buyback program is a pivotal second for MANTRA. It isn’t merely a monetary transaction however a sign of confidence from our current companions and key stakeholders. By means of the repurchasing of OM on the open market, we reinforce our perception within the long-term utility of the token, help our imaginative and prescient for the ecosystem and return worth to token holders,” John Patrick Mullin, CEO and Founding father of MANTRA mentioned.
At present costs, the whole worth of the repurchasing program corresponds to roughly 110 million OM. This might account for roughly 10% of OM’s circulating provide.
About MANTRA
MANTRA is a purpose-built Layer 1 blockchain for real-world belongings, able to adherence to real-world regulatory necessities. As a permissionless chain, MANTRA Chain empowers builders and establishments to seamlessly take part within the evolving RWA tokenization house by providing superior know-how modules, compliance mechanisms, and cross-chain interoperability.
MANTRA holds a Digital Asset Service Supplier (VASP) license from Dubai’s Digital Property Regulatory Authority (VARA), to function as a Digital Asset Change, in addition to present Dealer-Vendor and Administration and Funding Companies.