Quantcast

MANTRA CEO: 'Issuing it [the token] with the proper legal stack behind it is really the challenge'

New proof of reserves for Binance: the exchange finally cleared?
Ternoa gets into DeFi: smart contracts arrive on the betanet
Bitcoin: More than 6,000 merchants accept BTC in their store
Coinbase plans acquisition to expand derivatives offering in EU
Coin Center executive director: New IRS crypto reporting rule 'is not only unconstitutional but also virtually impossible to comply with'
Healthcare blockchain project Galeon wins three awards and soars at CES Las Vegas 2024
Binance US Branch Hires New Compliance Officer
BTC: Cboe exchange approves listing of Fidelity Investments Bitcoin Spot ETF
European Central Bank lays out €1.2bn plan for development of digital euro
Crypto Council for Innovation survey finds crypto offers alternative to underbanked communities
Prosecutors won't pursue second trial against FTX founder
Capital inflows into crypto products tripled in 2023
Binance places 10 cryptocurrencies under surveillance: the end of privacy-focused tokens?
Lummis: 'Congress must create rules of the road for the crypto asset industry'
Nexo acquitted of money laundering and tax fraud
Donald Trump sells $2.4 million worth of ETH
Are modular blockchains the answer to scalability problems?
THE TITANS OF WALL STREET AND THE BITCOIN ETF RACE – CRYPTO PERSONALITIES OF 2023
CRYPTO: RIPPLE VERSUS THE SEC, WILL THE WAR CONTINUE IN 2024?
BNB Surges 11% to Overtake Solana as Community Welcomes Sleepless AI
The fortune of the former CEO of Binance increased by 25 billion in 2023
The 5 events that marked the world of crypto in 2023
Currencies and Freedoms: Interview with Benoit Huguet
Survey: Bitcoin adoption slowed by an overly complicated crypto wallet?
Coinbase obtains PSAN registration in France
Crypto industry steps up political donations as mood in Washington sours
Bitcoin miners splash out $600mn in race to squeeze out rivals
Circle secures conditional registration in France under DASP rules
PSAN: the challenges of Circle and Coinbase's arrival in France
El Salvador Offers Citizenship to Bitcoin “Donors”
MANTRA CEO: 'Issuing it [the token] with the proper legal stack behind it is really the challenge'
Web3/Crypto
Webp edited
John Patrick Mullin (second from the right), Co-founder and CEO of Mantra, addresses the complexities of token distribution during his talk at Binance Blockchain Week. | Crypto Republique

John Patrick Mullin, CEO of MANTRA, addressed the complexities of token distribution during his talk at Binance Blockchain Week. He said that while creating tokens is straightforward, ensuring compliant distribution with a "proper legal stack" presents a significant "challenge."

"Creating the token is not the hard part here, right," said Patrick Mullin. "The distribution, doing it compliantly, actually issuing it with the proper legal stack behind it is really the challenge. We're building a permissionless blockchain, but with a permission layer... making sure that anything that's coming on-chain has provable, verifiable provenance, and is done compliantly with the proper regulatory approvals."

According to a report by Osler, Hoskin & Harcourt LLP, the process of tokenizing real-world assets (RWAs) involves navigating complex legal frameworks. These include securities laws, anti-money laundering (AML) regulations, and data privacy statutes. Compliance in these areas is crucial to avoid potential legal issues.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Bitbond's report highlights that regulatory approaches to asset tokenization vary widely across different countries. This variability requires a comprehensive understanding of local laws to ensure successful and compliant tokenization.

A study by Luke Lee explores the intricate legal landscape surrounding digital assets. It analyzes how these assets are defined and regulated as property in various jurisdictions. The intangible nature of digital assets poses unique challenges to traditional property law concepts, necessitating a re-evaluation of legal definitions and ownership frameworks.

Binance Blockchain Week is described on its website as a conference that gathers innovators, founders, investors, regulators, and officials to discuss blockchain and Web3's future. The theme for this year's conference is "Momentum." The website states that "Momentum propels our industry, not only taking us through challenges but also leading us to our biggest achievements."

MANTRA is identified as a blockchain platform focused on tokenizing RWAs while adhering to regulatory requirements. It supports developers and users with low-cost transactions, identity verification, and KYC/AML compliance. Built on Cosmos SDK with Inter-Blockchain Communication (IBC), MANTRA facilitates secure cross-chain transactions, decentralized identity (DID), and governance.

Organizations Included in this History
More News

The German Federal Financial Supervisory Authority (BaFin) has issued a warning regarding Timebtc Group, which is offering financial, investment, and cryptocurrency services without the necessary authorization.

Apr 21, 2025

The Comisión Nacional del Mercado de Valores (CNMV) announced it had issued warnings about unregistered financial and crypto entities operating without proper authorization.

Apr 21, 2025

The Autorité des Marchés Financiers (AMF) has announced its adherence to the European Banking Authority's (EBA) guidelines on restrictive measures for crypto-asset service providers, aimed at combating money laundering and terrorism financing.

Apr 21, 2025

HM Treasury announced the 2023–24 Supervision Report on anti-money laundering (AML) and counter-terrorist financing (CTF), highlighting the Financial Conduct Authority's (FCA) oversight of UK crypto firms since 2020.

Apr 21, 2025

Member of the European Parliament (MEP) Stefan Berger has urged the Trump administration to align its policies with Europe's Markets in Crypto-Assets (MiCA) standards.

Apr 21, 2025

Marina Markezic, director and co-founder of the European Crypto Initiative (EUCI), has described the call by the European Stability Mechanism (ESM) Managing Director to revise the Markets in Crypto-Assets (MiCA) regulation as "premature."

Apr 21, 2025

Loading...

No comments available.