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MANTRA launches strategic restructuring, focusing on core competitiveness in the RWA track
【ChainNews】MANTRA co-founder John Patrick Mullin announced recently that the project will initiate a corporate restructuring plan to optimize the team structure. This round of adjustments involves multiple departments including business development, marketing, and human resources, aiming to improve operational efficiency.
Mullin pointed out that the market shocks in mid-last year and ongoing downward pressure have posed significant challenges to the cost structure. He believes that the core goal of this restructuring is to refocus on the RWA (Real World Asset Tokenization) sector, streamline organizational structure to enhance capital utilization efficiency, and ensure the project remains a leader in the highly competitive RWA track.
In the current environment of increased volatility in the crypto market, similar strategic adjustments have become a common choice for many projects. MANTRA’s move reflects a continued market bet on the RWA direction.