Singapore, June 18th, 2025, Chainwire – Mantle, an innovative on-chain ecosystem with over $3 billion in Total Value Locked (TVL), today announced the launch of UR, a blockchain-based neobank designed to eliminate friction between traditional finance (TradFi) and decentralized finance (DeFi). UR offers an all-in-one account that integrates fiat banking and tokenized deposits, enabling users to spend, save, and invest across fiat and crypto assets within a single unified platform. UR operates on Mantle’s modular Ethereum Layer-2 blockchain, blending traditional financial services with blockchain-native features. Available in over 40 countries, it provides a Swiss-backed multi-currency account and Mastercard debit card that supports holding fiat currencies (EUR, CHF, USD, RMB) and stablecoins side-by-side. Users benefit from global banking rails and tokenized deposits combined with NFT-based identity verification. Future updates will introduce DeFi-native functionalities such as yield generation and crypto-collateralized credit. With UR, users can open Swiss International Bank Account Number (IBAN) accounts with fully backed deposits and access funds via a Mastercard debit card. Transfers support traditional rails such as SWIFT, SEPA, and SIC, alongside crypto networks including Ethereum and Arbitrum, with plans to expand support to networks like Base and Mantle Network. Additional features rolling out in 2025 will include foreign exchange, fiat-to-crypto on-ramps, native yield on idle balances, and Mantle ecosystem investment products like Mantle Index Four (MI4) and mETH Protocol. Timothy Chen, Global Head of Strategy at Mantle, emphasized that UR serves as a foundational bridge between on-chain capital and everyday financial utility by integrating identity, custody, and multi-asset spending into one accessible and programmable system.

Positioned as the next-generation financial institution, UR offers a simplified user experience combining neobanking ease with the transformative potential of decentralization—covering payments, lending, and wealth management. UR establishes a ‘full-loop’ financial system where fiat or crypto salary deposits can be converted into tokenized assets and spent like cash using the card. Planned features include earning yield on idle balances and borrowing or repaying via crypto-native instruments. A phased rollout will begin with an early contributors’ release in June 2025, followed by full public access in Q3, with iOS and Android apps currently in development. Initially available in select jurisdictions, regulatory approvals and partner integrations will enable broader access over time. This launch underlines Mantle’s vision to reshape financial infrastructure and consumer applications by creating a unified ecosystem that facilitates seamless transactions, savings, and investments bridging TradFi and DeFi. Making decentralized finance accessible and practical through UR, Mantle aims to serve both everyday users and institutional clients alike. About UR UR is a borderless, crypto-first neobank designed for crypto natives and newcomers alike, simplifying the movement between digital assets and fiat currencies through a self-custodial, fast, and intuitive platform that consolidates complex crypto workflows into an everyday experience. About Mantle Mantle is a leading on-chain ecosystem dedicated to redefining finance and blockchain scalability by bridging TradFi and DeFi via its core innovations: Mantle Network, mETH Protocol, Function (FBTC), Mantle Index Four (MI4), and UR. With over $3 billion in assets and partnerships with asset providers such as Agora AUSD, Ethena USDe, Ondo USDY, and EigenLayer restaking, Mantle fuels sustainable yield, liquidity, and financial utility in the Web3 era. For more information, visit: UR App | UR X/Twitter Mantle Website | Mantle X/Twitter | Mantle Blog Contact: