May 15
Mantle's UR Neobank Targets Asia With Tokenized Deposits
Mantle launched UR as the world's first onchain neobank with a Swiss banking license. CEO Neil "Neo" on why the playbook from Alipay and Grab now points at Web3.
➤ Mantle's UR Neobank, operating under a Swiss banking license, is launching in Asia, offering tokenized deposits that mirror fiat currency on-chain. ➤ The neobank targets fintechs and crypto projects, enabling them to provide regulated bank accounts and seamless on-ramping/off-ramping for users, particularly in emerging markets. ➤ UR aims to bridge traditional finance and DeFi by abstracting away complexity, allowing for programmable financial services and facilitating the move from Web2 to Web3 money.