Mantle token MNT gets Anchorage Digital boost with Porto

Mantle, a real-world assets project on Ethereum, has integrated with Anchorage Digital to boost institutional access for the native MNT token.

Summary

• Mantle has integrated Anchorage Digital to boost institutional adoption.
• Global institutions now have access to the MNT token on Ethereum via Anchorage Digital, the only U.S.-regulated crypto bank.
• Access is via Porto, a self-custody wallet.

The layer 2 platform said in an announcement that its native token Mantle (MNT), launched on Ethereum(ETH), is now supported by Anchorage Digital’s self-custody wallet Porto. 

Anchorage Digital is regulated in the U.S. through its subsidiary, Anchorage Digital Bank, N.A.

Mantle’s tapping into the regulated crypto platform, whose institutional traction continues to grow, comes amid increased embrace for digital assets across Wall Street. Anchorage Digital’s status as a firm with “the first and only federally chartered crypto bank in the U.S. adds to the market’s confidence.

The integration with Mantle brings MNT to regulated financial institutions, boosting the blockchain network’s RWA growth. Users will benefit from Porto’s secure and compliant custody solution. Mantle will unlock global participation in its ecosystem, the L2 platform noted.

What it means for Mantle MNT’s utility?

MNT is the governance and utility token of the Mantle network.

Token holders can leverage their holdings to participate in protocol governance, such as voting. They can also use MNT tokens to access decentralized applications and to interact within its decentralized finance ecosystem. 

The integration with Anchorage Digital will allow MNT holders to custody their tokens on Ethereum as treasury assets. At the same time, institutions will be able to tap into Anchorage Digital’s suite of custody solutions for other digital asset-related benefits.

MNT price hovered near $1.31, down roughly 1.4% over the past 24 hours.