Why Mantra Went EVM: The Bold Move Behind RWA Adoption

esatoshiclub avatar
Satoshi Club
@esatoshiclubJul 24, 2025

The Spaces explored the cryptocurrency landscape, emphasizing real-world assets (RWA) and Mantra's strategic evolution. Dmitru, co-founder of Satoshi Club, hosted alongside representatives from Mantra and Professor K. The conversation delved into Mantra's past achievements, challenges, and current innovations. Highlights included the shift from ERC20 to launching an L1 chain, leveraging Cosmos SDK and adopting a multi-VM approach to include EVM, enhancing developer accessibility. Discussion covered challenges like the legislative environment in the US, and partnerships for tokenizing real estate and art, reflecting the future potential of on-chain assets.

Discussion Summary

Introduction and Background

  • Dmitry, co-founder of Satoshi Club, introduced the session focusing on real-world assets (RWA), joined by guests from Mantra and Professor K.
  • The historical context of crypto engagement, particularly the relationship between the hosts and guests dating back to 2015-2016 in Shanghai, and their efforts to create a community emphasizing the future of finance.

Mantra's Journey and Expansion

History and Origins

  • JP and Professor K began in the crypto space in Shanghai, collaborating with financial and educational backgrounds.
  • Significant past success with a $6 million raise post-Satoshi Club AMA around 2020, utilizing insights gained there to further build Mantra.

Recent Developments

  • Mantra recently announced moving beyond being an ERC20 token to starting its own Layer 1 blockchain on the Cosmos SDK stack, valuing the sovereignty it offers.
  • Focus on developing a multi-VM environment supporting multiple virtual machines like EVM, Move, and possibly Solana in the future, aiming to support diverse development activities.
  • Exploring the scalability and enhanced ecosystem potential of RWA as a primary focus for future growth and visibility in crypto finance.

Challenges and Market Insights

  • Initial excitement had issues with adapting Dapps to the Cosmos environment due to high costs and complexities around CosomWasm.
  • Shifted strategy to incorporate EVM, aligning with familiar development environments for many institution-based developers.

Real-World Asset (RWA) Push

Key Points

  • RWA focus as a stable financial element ties into longer-term investment and institutional interest in blockchain capabilities.
  • Initiatives like KYC/AML baked into platforms to meet regulatory compliance in various jurisdictions.
  • Engagement with mainstream financial and regulatory frameworks, e.g., obtaining a Virtual Asset Regulatory Authority license in UAE.

Institutional Strategies and Compliance

  • Engagement with US legislative clarity (especially around RWA) is crucial, noting anticipated regulatory shifts.
  • Mantra's strategic location choices and expansions (like possible US engagement or current UAE license) reflect evolving regulatory landscapes in crypto-friendly areas.

Closing and Future Directions

Community Engagements

  • This session was punctuated by active community interaction, including Q&A addressing concerns and showcasing community-driven value propositions like OMIs benefits.
  • The importance of community support evident from discussions around fundraising historical contexts and future expectations from the community.

Upcoming Developments and Continuity Plans

  • Mantra Finance platform and evolving RWA offerings poised for release soon.
  • A focus on long-term ecosystem sustainability with comprehensive product offerings ensuring ongoing community and user engagement.

Final Notes

  • Host thanked participants and promised follow-up sessions to continue sharing insights as developments unfold, particularly concerning the EVM incorporation.

The discussion reflected a broad, dynamic overview of Mantra’s path in crypto innovation, tightly integrating community interactions and cross-market regulatory compliance strategies into its core operational and financial strategy, anticipating industry growth and broader institutional acceptance of blockchain technologies.