Odaily Planet Daily News Mantle announced two major releases in its latest quarterly letter: Mantle Banking, a crypto banking application, and Mantle Index Four (MI4), a tokenized fund.
Mantle Banking will integrate fiat and cryptocurrency asset management functions, allowing users to consume, save and invest in one account, and support direct tokenization of wages into stablecoins, combined with virtual card global payments, to create a seamless bridge between TradFi and DeFi.
MI4 is a tokenized fund supported by Mantle Treasury's $400 million investment, positioned as a "crypto version of the S&P 500", providing efficient crypto Beta exposure, and will be traded in tokenized form on the Mantle Network in the future.
Mantle said these products will drive the further development of its ecosystem and invited $MNT holders to participate in feature design and product governance.