Mantle | Innovating the Future of On-Chain Finance

Dear Mantle Token Holders,

As we charge into Q2 2025, Mantle stands at a defining moment — one where decentralized finance (DeFi) moves beyond theory and transforms how we live, work, and invest. Your continued support as $MNT token holders has propelled us here, and today, we’re excited to introduce two major milestones: the upcoming launch of Mantle Banking and the Mantle Index Four (MI4) Fund.

These are significant steps toward enabling crypto access for everyone. We believe we're in a privileged position — through our resources, network, and community-backed Treasury — to build the products we want to use, the ones that are missing in the ecosystem, and the ones that have real-world use cases.

That's our mission: actively building and connecting products that create value for token holders and beyond.

Introducing Mantle Banking: All-In-One Fiat and Crypto Account for Everyday Life

The banking experience between TradFi and DeFi is broken. Today, users manage their fiat and crypto finances in two separate accounts: a traditional bank account that holds fiat, and crypto wallets for DeFi. For many users globally, this is problematic:

There is no simple user interface to combine both experiences.
There is friction in off-ramping crypto to fiat and on-ramping fiat to dollar-denominated accounts.
There are high barriers to entry to access the benefits of DeFi.

Blockchain technology can solve these problems, but the missing piece is a holistic user experience through an intuitive interface. Enter Mantle Banking — a crypto neobank that helps users spend, save, and invest across both fiat and crypto finances in one account. By unifying these experiences, Mantle Banking creates a seamless interface between TradFi and DeFi.

Mantle Banking redefines banking by enhancing how users spend, save, and invest across fiat and crypto.

Mantle Banking is One For All: One App, One Experience, All Products

In our world, the user experience is seamless. Just like Microsoft Windows enabled mass computing in web 1.0, and Apple brought intuitive mobile experiences with the iPhone in web 2.0, Mantle Banking’s all-in-one account is designed to become the default interface between TradFi and DeFi for web 3.0. Think of the ease of Revolut or Apple Pay — now enhanced with DeFi working in the background to grow your finances.

In our world, capital becomes more efficient. Imagine users receiving fiat salaries directly into their Mantle Banking account. That deposit can be tokenized into a stablecoin and spent like fiat through virtual cards globally, across multiple currencies, at below-market fees. Or users can allocate it automatically to MI4 for crypto beta exposure with yield. If a user wants a credit line, they can borrow against collateral such as mETH, fBTC, or MI4. Yield income can pay down that credit line or be spent like cashback. Advanced users can also qualify for Mantle Rewards Station.

All of this is powered by Mantle Network. Blockchain tech will transform banking — the old world of slow transactions, high fees, and geographic restrictions is over. The distributed nature of blockchains allows for near-instant settlement and global access to the same financial system.

Mantle Banking integrates TradFi and DeFi through Mantle Network's modular architecture, powered by EigenDA, Succinct's zk proofs (SP-1), and the OP Stack. This infrastructure enables instant, transparent, and efficient transactions — letting users switch between fiat and crypto without friction.

Our vision: make DeFi benefits accessible by simplifying user interaction. This is crypto for real life, and it's almost here.

Mantle Index Four: Institutional-Grade Innovation Takes Flight

On the institutional front, we’re proud to announce the upcoming launch of Mantle Index Four (MI4), a tokenized fund in partnership with one of the leading tokenization platforms in the market. MI4 offers easy access to crypto beta exposure without the hassles of self-custody. Backed by a $400 million anchor investment from the Mantle Treasury, MI4 aims to be the “S&P 500 of crypto”.

The fund can also be traded in tokenized format on Mantle Network.

MI4 blends traditional fund structures with DeFi-native yield strategies. It offers diversified access to BTC (50%), ETH (26.5%), SOL (8.5%), and stablecoins (15%), with enhanced staking yields from mETH, bbSOL, and sUSDe. This format unlocks on-chain liquidity and composability, letting investors trade or leverage holdings easily.

It’s a strong product for anyone — from treasuries to individual users — offering a simple and efficient way to gain crypto exposure.

Q2 Highlights: Momentum and Milestones

The launch of Mantle Banking builds on a strong foundation. Here's where we stand entering Q2:

Mantle Network Growth
Mantle Network continues to lead with hyperscaled performance, low fees, and Ethereum-grade security, ensuring Mantle Network remains the foundation for the banking operation system.

Integrated EigenDA on mainnet, solidifying our position as a pioneer in data availability.
OP-Succinct development reached testnet, subject to further stability testing — we're one step closer to becoming the largest ZK rollup in the world that offers institutional grade security for all users.
Distributed 570K EIGEN, 4M ENA, and 1M UXLINK to over 30K MNT holders.

mETH Protocol
We made strong progress in Q1 across institutional access and ecosystem expansion.

cmETH Fixed Yield Vault attracted over 27K cmETH in its first month.
Secured EigenDA with 162.9K mETH, reinforcing Mantle Network’s data availability layer and modular architecture.
Kicked off integration with HyperEVM, with deployments underway across its swap and lending venues.
Wrapped up S2 Methamorphosis and distributed 200M COOK to participants, with S3 now ongoing
In Q2, we’ll focus on making cmETH the preferred ETH collateral in emerging DeFi ecosystems and expanding its role across CeDeFi platforms.

Function

Galaxy joins Function as an investor and core contributor to FBTC.
New peaks with more than 14.5K FBTC, TVL currently surpassing the $1.2B mark and FBTC holders growing to more than 164K.
Major Bybit collaboration with FBTC being integrated into Bybit's On-Chain Earn Program, boosting accessibility of FBTC by providing seamless conversions between FBTC and BTC.
New deployments: FBTC has been deployed onto top EVM chains like Berachain and Sonic.
We're actively working on non-EVM chains such as Solana and SUI.

MantleX AI is transforming every facet of work and we’re positioning ourselves as a recognized thought leader in the AI space, building our brand through strategic collaborations with top industry teams.

Our immediate focus is on securing quality data, attracting top talent, and developing tools to optimize liquidity and yield.
Priming AI dApps will also unlock a higher level of engagement and education throughout the entire Mantle ecosystem.

Treasury Strength With one of the largest community-owned treasuries in the ecosystem, we’ve committed over $4 billion in assets to bootstrap liquidity and support innovative projects. This financial stability anchors Mantle Banking’s ability to deliver institutional-grade services.

Looking Ahead: Your Role in What Comes Next

As $MNT token holders, you are the stewards of this ecosystem. Your involvements will guide Mantle Banking’s feature set and MI4’s phased rollout, from tokenization options to yield strategies. You’ll also play a pivotal role across our broader ecosystem: guiding Mantle Network’s evolution as the “Banking Chain” by weighing in on scaling priorities, steering mETH Protocol’s expansion by voting on new CeDeFi integrations for $cmETH, and shaping Function’s cross-chain growth by supporting FBTC’s deployment strategies on chains like Solana and SUI. Your voice ensures our innovations align with your needs, all while maintaining the professional-grade risk systems that define us.

We’re doubling down on engagement to make this happen. Expect a packed Q2 with AMAs featuring leads from Mantle Banking, MI4, mETH Protocol, and Function, alongside Mantle Missions that reward your participation—whether it’s staking $MNT, testing new features, or joining governance votes. We’ll also be on the ground at live events like Token2049 Dubai and EthCC, sharing updates and gathering your ideas firsthand. This is your Mantle, and your insights drive its direction, ensuring we build a future that delivers real value to you.

A Vision Worth Building

Mantle Banking and MI4 are more than launches – they’re declarations. They prove that crypto can be both practical and powerful, serving coffee runs and pension funds alike. With your support, we’re building a financial future that’s inclusive, innovative, and unstoppable. Stay tuned for more as we approach these releases. Because together, we’re not just imagining tomorrow — we’re creating it.