Mantle, a blockchain ecosystem with over $3 billion in total value locked, has introduced UR, a neobank designed to integrate traditional banking and decentralized finance (DeFi) into one platform. UR offers users a unified account to manage fiat and digital assets, enabling spending, saving, and investing through both systems.
UR provides multi-currency accounts with Swiss International Bank Account Numbers (IBANs) in EUR, CHF, USD, and RMB. These accounts are backed 1:1 and issued by a Swiss-regulated financial institution. Users can spend funds using a Mastercard debit card and hold fiat and stablecoins together. The platform also uses tokenized deposits and NFT-based identity verification as part of its infrastructure.
At launch, UR supports fund transfers via traditional banking rails (SWIFT, SEPA, SIC) and blockchain networks (Ethereum, Arbitrum), offering seamless movement between fiat and crypto. Additional blockchain support, including Mantle Network and Base, will be added later.
Future features planned for rollout in 2025 include yield on idle balances, fiat-to-crypto conversion, foreign exchange, and investment access to Mantle-native products such as Mantle Index Four (MI4) and the mETH Protocol. The platform will also introduce crypto-backed credit and other DeFi-based financial tools.
The launch of UR is part of Mantle’s broader strategy to provide blockchain infrastructure and consumer-facing tools in a unified ecosystem that supports both traditional finance and DeFi.
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