MANTRA, a layer 1 blockchain for real world assets, has integrated blockchain analytics and crypto assets compliance firm Elliptic, a move that expands L1’s reach to over 500 financial institutions.
The platforms shared the news in an announcement on April 2.
MANTRA (OM) plans to tap into Elliptic’s suite of infrastructure products to expand its products and services, with a focus on bridging traditional finance and decentralized finance.
The news, together with a significant $132 million OM token burn, has the MANTRA community excited.
Elliptic integrates MANTRA, aiding RWA platform’s institutional appeal
According to a press release, Elliptic has added MANTRA to its partner list, providing access to a suite of solutions.
The move will spark further institutional access to the L1 blockchain, the UK-based Elliptic noted.
With this collaboration, MANTRA can leverage Elliptic’s advanced blockchain analytics, including for real-time screening and investigation.
This integration allows financial institutions to interact with the MANTRA ecosystem while meeting stringent anti-money laundering (AML) requirements.
Sebastian Heine, chief compliance officer at MANTRA noted:
When it comes to transaction monitoring, wallet surveillance, and investigations, Elliptic are leading industry players. Their capabilities and blockchain analytics are essential for MANTRA, as we compliantly work to bring the world’s financial ecosystem onchain by being the preferred ledger of record for real-world assets.”
MANTRA’s use of Elliptic tools and solutions will see the L1 blockchain increase its traction in the RWA tokenization market.
In keeping with our commitment to real world regulation and compliance, we’re excited to share that MANTRA’s chain is now accessible to over 500 major financial institutions through @elliptic.
This integration into their holistic suite of screening, investigation and compliance
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OM token burn
On April 2, 2025, on-chain data from Arkham showed that an address linked to the Mantra DAO project had burned 21.229 million OM tokens.
At the time of writing, with MANTRA price around $6.33, the value of the burned stood at approximately $132 million.
So far, MANTRA has burned 84.019 million OM tokens, cumulatively valued at over $524 million. Wu Blockchain posted the token burn news on X.
Token burns reduce circulating supply, often signaling a project’s confidence in its long-term value and potentially driving demand.
Such a burn could boost the OM token price as hodlers anticipate future gains amid supply shock.
In the short term, overall market conditions, the token burn, and Elliptic news could provide catalysts for MANTRA (OM) price.
A stronger market presence for OM will emerge if bulls take out the supply wall above $6.40.
Crypto analyst Professor Moriarty paints a bullish price outlook for Mantra.
He notes that capital inflows into OM have the potential to fuel an extended upside.
$OM on the daily chart is forming a Triple Bottom bullish pattern.
This altcoin has solid growth potential. The strong bullish momentum already pushed $OM to an ATH at the end of February. Continued capital inflow hints at a possible new rally.
If $OM breaks the $7.07
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MANTRA price above $7 will see bulls eye the all-time high above $9.04 reached on February 23, 2025.
However, the altcoin’s price is down 7% in the past week and -15% in the past month.
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