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Mantle's new on-chain bank UR bets on the Asian market, exploring the account-layer overhaul from "Alipay to DeFi."

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ME News Report, May 15 (UTC+8), Forbes reports that Mantle has launched an on-chain new banking project called UR, aiming to integrate traditional payment systems with decentralized finance (DeFi) infrastructure, with Asia as its core market. UR is developed by former payment industry professional Neo, inspired by his experience promoting QR code payments at Alipay and Grab, planning to upgrade the traditional QR code payment model to an on-chain bank to achieve digital fiat currency. The UR project holds a FINMA regulatory license in Switzerland, adopts a full reserve banking model, ensuring that user deposits of fiat currency are matched 1:1 with tokenized assets, without engaging in lending or investment, ensuring its auditability. The project offers an integrated solution allowing users to access fiat currency and perform cross-chain settlements via API, with deep integration of applications and wallets. Mantle states that UR aims to develop into a "prototype of on-chain banking," reconstructing the account layer to be programmable and composable, rather than merely a crypto payment tool. (Source: MLion)
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GateUser-2100b43b
· 27m ago
FINMA license + full reserve, this setup is considered top-tier in the Asian DeFi circle.
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TheHiddenRisksBehindApy
· 5h ago
The reorganization of the programmable account layer is a big statement; see the code for implementation.
View OriginalReply0
RedTelephoneBoothRuins
· 5h ago
Scan-to-pay → On-chain bank, this upgrade path sounds smooth, but the user education cost is not low.
View OriginalReply0
ThinkForThreeSecondsBefore
· 6h ago
Swiss license + Asian market, regulatory arbitrage played out clearly
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StopRaisingGasFees.
· 6h ago
1:1 matched tokenized assets, transparent auditing is a good thing, just worried that compliance costs will be passed on to users
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GateUser-21ddf7c7
· 6h ago
API deposit/withdraw for fiat currency is crucial; connecting the final mile is the real business.
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GlassDomeObservatory
· 6h ago
The on-chain banking prototype's positioning—don't rush to praise it yet. Let's see if someone actually uses it first.
View OriginalReply0
LimeMulti-Signature
· 6h ago
The Mantle ecosystem finally has a viable RWA project.
View OriginalReply0

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