Mantra restructures after OM token collapse and tough year

RWA blockchain Mantra is restructuring and cutting staff after a steep OM token collapse and prolonged market pressure strained its business model in 2025.

Mantra, a blockchain project focused on real-world assets (RWAs), is restructuring its operations after what its leadership described as the most difficult year in the company’s history, marked by a sharp token collapse and prolonged market pressure.

On Wednesday, Manta CEO John Patrick Mullin announced that the company would transition to a leaner and more capital-efficient structure following a period of expansion. The changes include job cuts across multiple teams and a streamlining of operations to better match near-term market conditions.

“I take full accountability for these decisions and for the path that led us here,” Mullin wrote. “I know this is an incredibly challenging situation, particularly for those directly impacted, for their families, and for everyone at MANTRA. I’m especially sorry to those leaving us.”

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