OM, the native token of Mantra, a pioneering platform for decentralized finance solutions, has recently emerged as the standout performer among the top 100 cryptocurrencies, reaching an unprecedented value pinnacle at $1.0924.

Presently, OM maintains an impressive 13% surge over the preceding 24 hours, trading robustly at $1.06. This surge has been accompanied by a staggering 234% increase in trading volume, soaring to $168 million within the same timeframe.

Moreover, the token's market capitalization has soared past the $800 million mark, firmly positioning it as the 90th largest cryptocurrency in the market landscape at the time of this report.

The significance of OM extends beyond its financial metrics, as it plays a pivotal role within the Mantra ecosystem, a platform that focuses on leveraging blockchain technology for real-world assets.

OM holders wield their tokens for a myriad of decentralized finance activities on the Mantra platform, including lending, borrowing, and earning rewards. Additionally, they possess the invaluable privilege of participating in voting processes that shape the platform's evolutionary trajectory.

This recent surge in OM value comes hot on the heels of Mantra's strategic partnership announcement with Zand, a prominent UAE-based bank.

Under the terms of this collaborative endeavor, both entities are poised to collaborate closely, crafting a framework of clear guidelines for the tokenization of real-world assets, ensuring full compliance with Dubai's Virtual Asset Regulatory Authority (VARA).

The overarching goal of this strategic alliance is to facilitate the seamless tokenization of real-world assets within the UAE, thereby catalyzing enhanced efficiency and transparency within asset management processes.

Michael Chan, the astute CEO of Zand, underscored the pivotal nature of this collaboration, emphasizing its role as a critical milestone in their ambitious journey to fuse blockchain technology with their robust financial services.

Through this symbiotic integration, Zand aims to empower its clientele with heightened control over their investments, fortified security protocols, and unparalleled insights into the lifecycle of their transactions.

"We are steadfast in our commitment to streamlining operations, fortifying trust and authenticity in asset legality, and broadening access to expansive markets," Chan elaborated.

The strategic significance of Mantra's initiatives has been further underscored by its recent successful funding round in March, which garnered a substantial $11 million in investments. Spearheaded by Shorooq Partners, this round also witnessed active participation from strategic investors such as Three Point Capital, Forte Securities, and Virtuzone.

These freshly acquired funds are poised to serve as a catalyst for Mantra's relentless pursuit of promoting large-scale tokenization of real-world assets, propelling the platform to the forefront of decentralized finance innovation.