UR aims to remove the friction between TradFi-DeFi with an all-in-one account for fiat banking and tokenized deposits to unleash everyday crypto-native financial management.

Mantle, a pioneering on-chain ecosystem with over $3 billion in Total Value Locked (TVL) across its core innovation pillars, today announced the launch of UR, a neobank that runs entirely on the blockchain and the first of its kind to help users spend, save and invest across fiat and crypto finances in one unified

As part of Mantle’s growing suite of modular finance products, UR blends traditional finance access with blockchain-native architecture, enabling users in more than 40 countries to manage their daily finances securely and effortlessly. It delivers a Swiss-backed multi-currency account and debit card where users can hold fiat and stablecoins side-by-side and access global banking rails. UR is also set to unlock decentralized finance (DeFi)-native features such as yield and crypto-collateralized credit in later stages — all powered by Mantle Network’s modular Ethereum Layer-2 blockchain.

One app, one account, all assets

Users can open Swiss International Bank Account Number (IBAN) accounts supporting EUR, CHF, USD, and RMB, with 1:1 backed deposits and spend through a Mastercard debit card. All accounts are offered by a Swiss-regulated financial institution, with core infrastructure integrating tokenized deposits and NFT-based identity.

“UR is a foundational step toward closing the gap between on-chain capital and everyday financial utility. By integrating identity, custody, and multi-asset spending into a single system, we’re not just building a crypto neobank but prototyping what the next generation of financial institutions should look like: accessible, programmable, and composable by design,” said Timothy Chen, Global Head of Strategy at Mantle.At launch, UR supports fund transfers via both traditional rails such as SWIFT, SEPA, and SIC, and crypto networks Ethereum and Arbitrum to offer seamless on- and off-ramps between fiat and digital assets. Support for more networks like Base and Mantle Network will be coming soon. Additional UR features such as foreign exchange, fiat-to-crypto on-ramps, native yield on idle balances, and access to Mantle-native investment products such as Mantle Index Four (MI4) and mETH Protocol will follow in a phased rollout across 2025.

Just as operating systems enabled mass computing and mobile companies brought smartphones globally, UR is designed to become the everyday interface between traditional and decentralized finance. Combining the intuitive simplicity of neobanking with the transformative power of decentralization, UR aims to deliver the full stack of blockchain-based financial services from payments to lending and wealth management.#bank #altcoins #USDC/USDT #Binance #Write2Earn