Mantle is the first-ever, fully decentralized, on-chain ecosystem and currently has just over $3 billion in Total Value Locked (TVL). It recently launched UR, the world’s first neobank that’s fully on the blockchain. This unique platform aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). It furthers this goal by offering a single account that accepts both fiat and crypto money. UR offers a borderless, crypto-first banking experience that makes spending crypto and off-ramping easy—all in one simple, intuitive, powerful platform. All UR accounts are provided through a Swiss-regulated deposit-taking financial institution, providing regulatory oversight and protection.
Key Features of UR
UR’s core infrastructure effortlessly integrates tokenized deposits with NFT-based flows of identity. This seamless integration of conventional banking solutions and innovative blockchain tech represents a significant leap forward. This new integration allows users to store fiat currencies and stablecoins side by side. It offers one unified interface to access international banking rails through one account. UR acts to remove the walls separating TradFi and DeFi. By facilitating a reciprocal flow of data, this approach enables users to take control of their finances harmoniously in both worlds.
UR’s another Swiss-backed multi-currency account and debit card. In doing so, this service provides users with a safe and accurate means to oversee and catalog their assets. The platform streamlines the spending and off-ramping processes, doing away with much of the complexity, delays, and other pain points of crypto transactions. Powered by cutting-edge technology, UR bridges the stability of traditional financial institutions with the innovation and speed of blockchain technology. This potent combination is poised to transform the financial ecosystem.
Mantle is focused on fundamentally changing the future of finance and blockchain scalability. The launch of UR is just the first step on the UR roadmap to help you get there. The platform directly subsidizes the development of the platform’s core product. Additionally, it helps to cultivate the development of asset partners, keeping UR at the cutting edge of financial innovation. UR is committed to accessibility, security, and innovation. Here’s why it’s perfectly positioned to revolutionize the way Americans save, spend, and invest.
Bridging TradFi and DeFi
Together with human-first design principles, the launch of UR is a great step toward connecting traditional and decentralized finance. With UR, it’s easier to control your finances with one account for fiat and crypto assets. That lets you spend and track your money more easily across both worlds. This integration is a big step forward for users who are ready to dive into the DeFi ecosystem. It enables them to meet those needs while providing the safety and comfort of mainstream banking institutions.
"UR is a foundational step toward closing the gap between on-chain capital and everyday financial utility. By integrating identity, custody, and multi-asset spending into a single system, we’re not just building a crypto neobank but prototyping what the next generation of financial institutions should look like: accessible, programmable, and composable by design." - Timothy Chen, Global Head of Strategy at Mantle.
UR’s cutting-edge approach to banking unlocks access to global banking rails in an intuitive, easy-to-navigate platform. It gives them a safe, private, compliant place to take care of their assets. European-based, Swiss-regulated financial institution provides full UR accounts. This is so that users can trust and feel confident that their money is safe. This regulatory oversight is an intimate part of UR’s mission – to use technology to bring the benefits of DeFi to the masses.
Mantle is committed to connecting TradFi with DeFi. It does that by rigorously funding core product development, but even more so, it hustles to seed its growth to its asset partners. Mantle wants to create a robust ecosystem around UR. It’s a smart move that guarantees the platform continues to be at the forefront of financial innovation. This collective approach is exactly what’s needed to spur widespread adoption of blockchain technology and revolutionize the future of finance.
The Future of Finance with Mantle
Mantle’s launch of UR is a major milestone in UR’s launch represents the next evolution of finance. UR is combining the security and stability of traditional banking with the innovative power of blockchain technology. It’s a radical approach that’s creating a new model for financial services. This innovative approach has the potential to transform the way people manage their money and interact with the global economy.
UR brings a unique focus on accessibility, security, and innovation. This strategy further sets it up to be one of the top contenders in the neobank race. The platform promises to be different from traditional banks and other crypto-centric financial companies. It has earned this unique distinction by innovatively combining tokenized deposits with NFT-based identity. It’s UR’s exclusive feature set that makes it appealing and so unique in the marketplace. With this easier and better protected means of conducting financial transactions, it’s no wonder it’s captured the interest.
Mantle is passionate about changing the course of finance’s future. This commitment is evident in its continued investments in new product development and ecosystem development support. Mantle is currently raising capital to fund deep core product development. Further, they are building the capacity of asset partners to ensure UR remains at the leading edge of financial innovation. This long-term vision is needed to hasten the adoption of blockchain technology, and it’s needed to help shape the future of finance into something better.
