Tungsten expands institutional custody support to MANTRA
Abu Dhabi, UAE – Tungsten Custody Solutions Ltd, a regulated digital asset custodian based in Abu Dhabi Global Market (ADGM), has announced its support for MANTRA (OM) and its collaboration with the MANTRA, further expanding its institutional-grade custody services.
This strategic move enables institutional clients to securely custody OM tokens while leveraging Tungsten's regulated framework, ensuring the highest levels of security, transparency, and compliance. Additionally, Tungsten Custody's collaboration with MANTRA reinforces its commitment to supporting the broader MANTRA blockchain ecosystem that empowers developers and institutions to seamlessly participate in the evolving real-world asset (RWA) tokenization space.
Bringing Institutional-Grade Infrastructure to MANTRA (OM) & MANTRA Chain
MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. The OM token is the core utility and governance token of the MANTRA Chain ecosystem and powers various features of the blockchain. By integrating with Tungsten Custody, institutional investors and funds can now access:
Regulated Custody – Fully compliant with ADGM's Financial Services Regulatory Authority (FSRA) standards.
Enhanced Accessibility – Simplified onboarding for institutions looking to participate in the MANTRA Chain ecosystem.
Robust Infrastructure – Leveraging military-grade HSM security and SOC 2 Type II-certified infrastructure for asset protection.
Through this partnership, Tungsten Custody enhances institutional access to the MANTRA ecosystem, ensuring regulatory-grade custody and staking solutions for OM holders while aligning with MANTRA's work towards scalable, enterprise-ready blockchain adoption.
Industry Leaders on This Strategic Expansion
Jose J. Perez Aguinaga, SEO of Tungsten, commented:
'The integration of MANTRA (OM) into our custody services, along with our collaboration with the MANTRA, represents a key milestone in our mission to provide institutional investors with secure, compliant, and scalable digital asset solutions. As blockchain adoption expands, regulated custody is essential for bridging institutional finance with decentralised ecosystems. Tungsten Custody is proud to support MANTRA's vision and provide the infrastructure needed for institutional participation in tokenised economies.'
John Patrick Mullin, Co-Founder & CEO of MANTRA, added:
'At MANTRA, we firmly believe that institutional adoption is best driven through a commitment to security, regulation and compliance. The integration of OM into Tungsten Custody's growing portfolio of supported assets, underscores a shared commitment to bridging traditional finance with blockchain-powered institutional services - particularly in the United Arab Emirates - a key region for MANTRA.'
About Tungsten
Tungsten Custody Solutions Ltd is a regulated digital asset custodian based in Abu Dhabi Global Market (ADGM). With private keys now securely held within the UAE and expanded asset coverage, Tungsten Custody delivers secure, compliant, and innovative solutions tailored to institutional clients' needs.
Tungsten Custody Solutions Ltd is Regulated by the ADGM Financial Services Regulatory Authority with Financial Services Permission Number 220129.
About MANTRA
MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
14 hours ago
- Zawya
Deutsche Bank appoints Majed Julfar to head UAE business
Deutsche Bank has appointed Majed Julfar as the chief country officer for the UAE at a time when the bank is bolstering its presence in the country with a new branch in the capital. Julphar, who returns to join the German lender where he previously worked for 14 years, will oversee the local franchise across all business divisions and entities. Additionally, he will lead corporate coverage for the Middle East and Africa. He joins Deutsche Bank from Etihad Credit Insurance (ECI), where he acted as a director of Trade Credit Insurance and Export Finance. The appointment coincides with Deutsche Bank's expansion into Abu Dhabi Global Market (ADGM) last month, where Jean-Pierre Habis was appointed as a senior manager. (Writing by Brinda Darasha; editing by Daniel Luiz)
Web Release
16 hours ago
- Web Release
Meedaf and Brink's Form Strategic Alliance to Revolutionize Cash and ATM Operations in the UAE
Meedaf, an ADGM-licensed entity launched in April 2025 to serve financial institutions across the GCC, proudly announces a strategic joint venture with Brink's a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. This collaboration is set to revolutionize the cash management and ATM managed services industry in the UAE, ushering in a new era of efficiency, security, and innovation. As the first strategic partnership on the Meedaf platform, the new venture will empower financial institutions by harnessing Brink's global technology, infrastructure, and operational expertise to establish elevated standards in cash management and ATM managed services throughout the UAE. This collaboration will deliver fully integrated solutions encompassing cash-in-transit, money processing, ATM managed services, and digital retail solutions, including deposit machines, cash recyclers, and kiosks. Through the integration of advanced technologies, it aims to enhance operational efficiency and reduce costs across the cash ecosystem. Brink's brings decades of global experience in managing complex, high-volume operations, coupled with proprietary systems that optimize route planning, crew deployment, and cash centre performance. These advanced capabilities are now seamlessly integrated into Meedaf's offerings, enabling financial institutions to reduce complexity, enhance consistency, and streamline their day-to-day operations. Meedaf's unparalleled regional experience will enable the joint venture to include cutting-edge technologies and advanced capabilities to ensure smarter, more secure operations and control across the entire cash ecosystem. Eng. Abdulla Abdul Aziz AlShamsi, Managing Director and CEO at Meedaf, commented: 'Our joint venture with Brink's underscores Meedaf's unwavering commitment to revolutionizing financial services through cutting-edge innovation and strategic alliances. By harnessing Brink's unparalleled global expertise in cash management, we are poised to deliver exceptional operational efficiency and security to financial institutions across our region. This collaboration represents a pivotal stride towards realizing our vision of a more agile and resilient financial ecosystem, setting new benchmarks for excellence and transforming the landscape of financial services in the UAE. Nader Antar, EVP and President, Brink's IMEA and APAC and Brink's Global Services, said: 'We are excited by the opportunity to collaborate with Meedaf to create a truly transformative service model. By providing a competitive value proposition, superior services and solutions that bridge physical and digital commerce, we will set a new standard in the UAE market for cash management, digital retail solutions and ATM management services.' Following its launch in the UAE, this strategic joint venture is set to transform the industry, driving operational transformation that combines innovative solutions with industry-leading standards across the region. It also marks a major step forward in Meedaf's expansion into key regional markets.
Gulf Business
3 days ago
- Gulf Business
Abu Dhabi: ADGM assets under management show 33% YoY rise in Q1
Image: ADGM Abu Dhabi Global Market (ADGM) has recorded a strong start to 2025, posting significant year-on-year growth across its ecosystem in Q1, as investor confidence and international interest in the UAE capital's financial centre remain high. Backed by major regulatory developments, global engagement and jurisdictional expansion, 'ADGM's Q1 2025 performance marks the beginning of another landmark year,' said Ahmed Jasim Al Zaabi, chairman of ADGM. 'This is not just a reflection of ADGM's capabilities to deliver sustained growth, but also the trust it has gained among global and regional institutions. 'ADGM continues to expand and diversify with purpose, welcoming leading firms, deepening international partnerships, and driving digital and sustainable transformation across sectors.' At a glance: ADGM's key growth areas in Q1 Assets under management (AUM): AUM grew 33 per cent from Q1 2024. A total of 119 fund and asset managers now manage 184 funds. Licences: The number of new licences issued increased by 67 per cent year-on-year. Entities: Operational entities surged 43 per cent to 2,781. Financial services entities rose 26 per cent to 367. Workforce: More than 29,000 people are now employed on Al Maryah Island, up 17 per cent from the previous year. Work permits: 3,509 new work permits were issued for businesses establishing on Al Reem Island. Expanded international presence and strategic engagements In January, an ADGM delegation attended iConnections Global Alts in Miami, held bilateral meetings in New York and Washington, and joined a panel titled 'Abu Dhabi: The Capital of Capital'. In February, ADGM participated in a high-level UAE-China delegation led by ADDED, supporting efforts to deepen bilateral economic ties. In April, ADGM conducted nearly 30 strategic meetings in Japan with institutions focused on private banking, wealth management and family businesses. Al Reem Island integration and new incentives More than 600 new businesses established on Al Reem Island and 500 existing firms migrated to ADGM licensing during Q1. ADGM revised its fee structure in January, slashing commercial licence fees by 50 per cent or more for non-financial and retail businesses. A flat licence fee of Dhs1,000 was introduced to boost SME access. Digital and blockchain developments In March, ADGM signed an MoU with Chainlink to enable compliant tokenisation frameworks. Stacks Asia and Bitgrit joined ADGM under its DLT Foundations framework. ADGM launched an all-in-one mobile app offering compliance tools, licence renewals and regulatory updates. A new digital real estate platform was introduced, enabling fully virtual sale and purchase transactions. Read: Focus on sustainable finance The Abu Dhabi Sustainable Finance Declaration reached 170 signatories, including Aquila Capital, Century Financial, Oryx Global Partners, PwC and Olive Gaea. The initiative continues to promote ESG integration in the region's financial sector. Human capital and UAE National empowerment ADGM Academy created 800 job placements for UAE Nationals across nine career tracks. Signed strategic MoUs with Arab Youth and the Federal Tax Authority to support upskilling in technology and finance. Published six research papers on the impact of AI in the UAE financial sector via the ADGMA Research Centre. As the financial centre continues its expansion and regulatory innovation, it expects further growth in 2025, particularly from financial markets in Europe and Asia.
