Mantle Network
Mantle Network is a modular Ethereum Layer-2 blockchain and institutional distribution layer bridging CeFi and DeFi, serving banks, exchanges, asset managers, and DeFi builders with ZK-validated infrastructure, tokenized real-world assets, and native yield products.
- Company typePrivate
- Founded-
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Mantle Network does
Mantle Network is a modular Ethereum Layer-2 blockchain that operates as an institutional distribution layer bridging centralized and decentralized finance. Headquartered in Singapore and privately held with 51-100 employees, the network is positioned as Ethereum's largest L2 by TVL ($2.2B by end of 2025), distinguished as the first ZK validity rollup using Succinct's SP1 and the first L2 to adopt EigenDA for data availability and ETH restaking via EigenLayer. The technology stack combines ZK validity proofs with an upgradable modular architecture spanning execution, data availability, and finality.
The platform's product surface extends well beyond raw infrastructure. Native asset products include mETH (liquid ETH staking/restaking) and Ignition fBTC (Bitcoin bridging). Real-world asset offerings span xStocks (tokenized equities via Kraken), QCDT (the world's first DFSA-approved tokenized money market fund, co-launched with Qatar National Bank and Standard Chartered), USDT0 stablecoin support, and stablecoin yield products. DeFi infrastructure includes Aave V3 deployment and the Bybit Mantle Vault (USDC/USDT yield with CIAN). Mantle also deployed the ERC-8004 standard for AI agent economic participation. A $200M EcoFund backed by 20+ leading VCs (Polychain, Dragonfly, Mirana) funds ecosystem expansion, and a token-governed treasury exceeding $7.9B deploys capital through the Mantle Index Four (managing ~$173M with 27.9% YTD returns).
The business model is multi-stream: L2 transaction fees, tokenized securities trading (xStocks), managed yield products (Bybit Mantle Vault), and ecosystem investment returns through the EcoFund and treasury deployment. Go-to-market concentrates heavily on the Bybit partnership, which provides distribution to 70 million global users and serves as the primary venue for Mantle-native yield products. The network serves institutional DeFi participants, RWA protocols, DeFi builders/traders, AI agent developers, and Web3 gaming projects across 242+ deployed dApps.
Mantle Network firmographics
Firmographics- Name
- Mantle Network
- Legal name
- Mantle
- Website
- https://mantle.xyz
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Mantle Network is a modular Ethereum Layer-2 blockchain and institutional distribution layer bridging CeFi and DeFi, serving banks, exchanges, asset managers, and DeFi builders with ZK-validated infrastructure, tokenized real-world assets, and native yield products.
- Ownership category
- akta.pro rank
Mantle Network industry classification
Industry- Product category
- Layer-2 Blockchain Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (5232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Layer 1 Base Protocols & Consensus (execution, consensus, security, clients) (FSAPAAAA)
- akta.pro secondary industries
- Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing) (FSAPAAAH), Interoperability & Cross-Chain Messaging (bridges, IBC, messaging, routing) (FSAPAAAE)
Keywords
Where Mantle Network is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Mantle Network business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Native Token ($MNT) Utility: MNT serves as the governance token for the Mantle ecosystem, with token holders controlling strategic direction, treasury management, and operating team powers. Revenue accrues through treasury capital deployment and ecosystem growth programs.
- Network Transaction Fees: Layer-2 network generates revenue through transaction fees on the network, benefiting from high throughput and low fees compared to Ethereum mainnet.
- Bybit Mantle Vault: Native onchain stablecoin yield product enabling users to deposit USDC or USDT into Mantle-native yield strategies, expanding access to structured stablecoin yield products.
- xStocks Tokenized Securities: Tokenized stock trading platform offering fractional ownership of traditional stocks with 24/7 trading and sub-two-second settlement, leveraging Kraken integration for liquidity.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | xStocks platform enables fractional stock trading with 24/7 availability |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
Mantle Network product offering
Product offeringCore offering
Mantle Network operates Ethereum's largest Layer-2 blockchain with ZK validity proofs and a modular architecture supporting institutional-grade DeFi, real-world asset (RWA) tokenization, and CeFi-DeFi bridging. The platform bundles core blockchain infrastructure with native asset products (mETH liquid staking, fBTC Bitcoin bridging), tokenized securities (xStocks, QCDT), developer tooling, and a token-governed treasury exceeding $7.9B.
Product overview
Mantle Network is a platform-plus-ecosystem architecture comprising the core Ethereum L2 infrastructure (ZK validity rollup with modular design and EigenLayer integration), native asset products (mETH for liquid ETH staking, fBTC for Bitcoin liquidity), real-world asset offerings (xStocks for tokenized stocks, QCDT for tokenized money market funds, USDT0 stablecoin), DeFi infrastructure (Mantle Vault for stablecoin yield, Aave V3 integration), developer tools (bridges, explorers, subgraphs, APIs), and governance/treasury systems (MNT token, EcoFund, Mantle Index Four). The network positions itself as an institutional distribution layer bridging centralized finance (Bybit) and decentralized finance, with its treasury exceeding $7.9B and TVL reaching $2.2B. The ecosystem supports over 240 dApps across DEX, lending, gaming, and infrastructure categories.
Differentiator
Problem solved
Functional benefit
Brands
- mETH Protocol: Liquid ETH staking and restaking protocol that maximizes yields, widely accepted as collateral in CEXs and DeFi apps, and money markets.
- Ignition fBTC
- xStocks
- Bybit Mantle Vault
- Mantle EcoFund
- Mirana Ventures
- Mantle Index Four (MI4)
Products and services
- Mantle Network Ethereum's largest Layer-2 blockchain with ZK validity proofs (Succinct SP1), modular architecture, and EigenDA integration, serving as an institutional distribution layer for onchain finance that bridges CeFi and DeFi for developers, exchanges, banks, and protocols.
- mETH Protocol Liquid ETH staking and restaking protocol that maximizes yields for users, widely accepted as collateral in centralized exchanges and DeFi money markets.
- Ignition fBTC Native liquid Bitcoin asset that bridges BTC into Web3 with a 1:1 peg, powering ecosystems such as Babylon, Solv Protocol, and PumpBTC.
- xStocks Tokenized stock trading platform enabling 24/7 trading with sub-two-second settlement and fractional ownership of major tech and blue-chip company shares, integrated with Kraken exchange for liquidity.
- Bybit Mantle Vault Native onchain stablecoin yield product built in partnership with Bybit and CIAN, enabling users to deposit USDC or USDT into Mantle-native yield strategies.
- QCDT Tokenized Money Market Fund World's first DFSA-approved tokenized money market fund deployed on Mantle Network, co-launched by Qatar National Bank, DMZ Finance, and Standard Chartered, facilitating up to USD 1 billion in borrowing capacity.
- ERC-8004 Standard Ethereum token standard enabling AI agents to participate as autonomous, verifiable economic entities with registries for identity, reputation, and validation across RWA and DeFi sectors.
- Mantle EcoFund $200M catalyzed capital pool driving ecosystem growth by backing transformative Web3 projects with access to top-tier deal flow through 20+ leading VC partners including Polychain and Dragonfly.
- Mantle Index Four (MI4) Treasury index fund managing approximately $173M in capital and delivering 27.9% year-to-date return as of December 31, 2025.
- Mantle Rewards Station Platform rewarding MNT token holders with earned ecosystem tokens, fostering community engagement and governance participation.
- USDT0 Omnichain Stablecoin Support Omnichain deployment of Tether's USDT stablecoin on Mantle Network, enabling seamless cross-chain USDT0 transfers and reinforcing stablecoin liquidity infrastructure.
Quantifiable outcome
- 37.3% QoQ TVL growth from $242.3M to $332.7M in Q4 2025
- +4 more outcomes
Companies that use Mantle Network
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Mantle Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
AI capability8 records
Feature7 records
Mantle Network partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered major, core and minor.
- CIANmajorPartnership with Bybit and CIAN launched the Bybit Mantle Vault, a native onchain stablecoin yield product enabling users to deposit USDC or USDT into Mantle-native yield strategies, marking CIAN's onboarding to Mantle.
- AlmanakmajorBybit, Mantle, and Almanak partnership deploys AI-powered quantitative trading strategies on-chain. Almanak deployed its token on Mantle Network, launching liquidity pools and integrating its strategy-building engine into Mantle's ecosystem.
- BybitcoreStrategic partnership making Mantle the largest exchange-related Layer 2 network. Bybit provides 70 million global users access to Mantle's DeFi infrastructure, integrates Aave yield-bearing assets into its Earn suite, supports USDT0 deposits/withdrawals, and co-markets the Bybit Mantle Vault stablecoin yield product. The partnership represents bidirectional CeFi-DeFi integration with coordinated incentive programs including 8 million $MNT and 1.5 million $GHO.
- AavecoreAave's deployment on Mantle Network enables scalable, low-cost lending protocols for real-world assets, creating seamless liquidity pathways between centralized exchanges and decentralized DeFi protocols. The integration supports assets including wETH, USDC, GHO, FBTC, USDe, and wrsETH, achieving $575M total market size within two weeks of launch.
- Tether (USDT0)coreMantle and Bybit support USDT0, the omnichain deployment of Tether's USDT stablecoin, enabling seamless cross-chain USDT0 transfers and reinforcing Mantle's position in stablecoin liquidity infrastructure.
- DMZ FinancecoreDMZ Finance partnered with Mantle and Bybit to deploy QCDT, the world's first DFSA-approved tokenized money market fund, co-launched with Qatar National Bank and Standard Chartered on Mantle's Layer-2 infrastructure.
- Qatar National Bank (QNB)coreQNB co-launched QCDT, the world's first DFSA-approved tokenized money market fund, on Mantle Network. The fund facilitates up to USD 1 billion in borrowing capacity and is accepted as collateral by Bybit.
- Standard CharteredcoreStandard Chartered co-launched QCDT, the world's first DFSA-approved tokenized money market fund, on Mantle Network, bringing institutional-grade credentials to the RWA ecosystem.
- Anchorage DigitalmajorAnchorage Digital expanded custody support for $MNT on Ethereum, improving institutional access to Mantle's Layer 2 ecosystem with secure custody options and regulatory clarity for holding $MNT on balance sheets.
- BackedmajorBacked partnered with Mantle and Bybit to bring tokenized U.S. equities onchain through the xStocks platform, supporting deposits, withdrawals, and seamless asset transfer between traditional and decentralized finance environments.
- OpenBuildmajorOpenBuild serves as strategic partner for Mantle Global Hackathon 2025, collaborating on priority verticals including RWA, DeFi, and AI. The four-month hackathon received 519 project submissions from 2,044 registered developers.
- HackQuestmajorHackQuest collaborated as strategic partner for Mantle Global Hackathon 2025, contributing to the 25.4% conversion rate that significantly outperformed the industry average of 10-15%.
- CoinW's WConnectminorWConnect's official partnership with Mantle Network introduced a three-week co-building season focused on RWA strategy and on-chain financial innovation through AMAs, on-chain tasks, trading rewards, and staking activities.
- KrakencoreKraken provides immediate liquidity for the xStocks tokenized stock trading platform, enabling 24/7 trading, sub-two-second settlement, and fractional ownership of major company shares through integration with Mantle's Layer-2 blockchain.
- EigenLayercoreMantle is the first L2 to adopt EigenDA technology and enable ETH restaking via EigenLayer, revolutionizing cryptoeconomic security by allowing users to stake ETH across multiple protocols simultaneously.
- ChainlinkmajorChainlink provides oracle services as the standard for onchain finance, connecting Mantle to real-world market data from professional traders and exchanges.
- Ondo FinancemajorOndo's USDY (first to support Ondo) provides innovative yield generation solutions, increasing ecosystem robustness as part of Mantle's stable-backed yield asset partnerships.
- EthenamajorEthena USDe integration where approximately 20% of Mantle's Treasury earnings are in $ENA, demonstrating significant treasury diversification into yield-bearing stablecoin assets.
- AgoramajorAgora's AUSD is integrated treasury yield across all Mantle products, featuring institutional-grade stablecoin issuance backed by VanEck and State Street.
- HyperlanemajorHyperlane provides cross-chain interoperability framework empowering developers to connect any chain and build applications that communicate between multiple blockchains.
- StargatemajorStargate is a fully composable liquidity transport protocol that lives at the heart of omnichain DeFi, integrated as a featured bridge on Mantle.
- LayerZeromajorLayerZero omnichain interoperability protocol enables cross-chain applications with low-level communication primitives.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Mantle Network competitors and assessment
Company assessmentDirect peers
- Scroll: Scroll is a ZK rollup L2 focused on Ethereum-equivalent execution, competing directly with Mantle's ZK validity roadmap and developer tooling.
- Starknet: StarkWare's STARK-based L2 with Cairo execution, competing with Mantle's SP1 ZK roadmap for institutional settlement and DeFi liquidity.
- Blast: Originally an exchange-anchored L2 with native yield mechanics, Blast shares a similar go-to-market approach to Mantle's Bybit-integrated CeDeFi positioning.
- Arbitrum: Arbitrum is the largest Ethereum Layer-2 network by TVL and a direct competitor to Mantle in rollup scaling, DeFi liquidity hosting, and RWA deployment.
- Base: Coinbase-incubated Layer-2 network competing directly for institutional RWA flow and DeFi liquidity; shares Mantle's exchange-anchored CeDeFi positioning.
- Optimism: OP Mainnet is a leading Ethereum L2 with the Superchain ecosystem and Bedrock stack, competing with Mantle for developer mindshare and DeFi/RWA deployments.
- zkSync: Matter Labs' ZK rollup L2 with a similar technology foundation (ZK proofs) to Mantle's SP1 stack, targeting institutional and RWA use cases.
- Polygon: Polygon's zkEVM and Polygon CDK compete in the modular rollup and Ethereum scaling space, targeting enterprise and RWA tokenization use cases.
- Linea: Consensys-supported Ethereum L2 targeting institutional DeFi and RWA, sharing Mantle's positioning as an institutional-grade settlement layer.
Broad incumbents
- Consensys: Ethereum infrastructure developer backing Linea and MetaMask, operating more broadly across L2, developer tooling, and institutional blockchain services where Mantle competes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Mantle Network social profiles
Digital presenceMantle Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mantle Network leadership team
Management profileNumber of profiles
Profiles1 record
Mantle Network funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mantle Network M&A and investment
M&A and investmentM&A
Investments24 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mantle Network
What does Mantle Network do?
Mantle Network operates Ethereum's largest Layer-2 blockchain with ZK validity proofs and a modular architecture supporting institutional-grade DeFi, real-world asset (RWA) tokenization, and CeFi-DeFi bridging. The platform bundles core blockchain infrastructure with native asset products (mETH liquid staking, fBTC Bitcoin bridging), tokenized securities (xStocks, QCDT), developer tooling, and a token-governed treasury exceeding $7.9B.
Is Mantle Network a public or private company?
Mantle Network is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mantle Network founded?
Mantle Network was founded in -1. It employs 51 to 100 people.
Where is Mantle Network based?
Mantle Network is headquartered in Singapore, Singapore, in the Asia region.
How does Mantle Network make money?
Four revenue lines are on record. Native Token ($MNT) Utility is the primary driver. The others are network Transaction Fees, bybit Mantle Vault and xStocks Tokenized Securities.
Who are Mantle Network's main competitors?
Direct peers on record are Scroll, Starknet, Blast, Arbitrum, Base, Optimism, zkSync, Polygon and Linea. Consensys is listed as a broad incumbent.
Does Mantle Network have an API?
Yes. Mantle Network provides developer documentation with APIs for network access, including RPC endpoints, block explorer APIs (Mantlescan, Blockscout), subgraph data APIs, and standard Ethereum-compatible JSON-RPC methods. Developers can access the network through these interfaces to build and deploy applications. Developer documentation is at docs.mantle.xyz/network.
What industry is Mantle Network in?
Mantle Network's product category is Layer-2 Blockchain Infrastructure. Its primary akta.pro industry code is FSAPAAAA, Layer 1 Base Protocols & Consensus (execution, consensus, security, clients), with a secondary code of FSAPAAAH, Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing). Its NAICS code is 522320 and its SIC code is 6199.