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 account.
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 (Base and Mantle Network coming soon) to offer seamless on- and off-ramps between fiat and digital assets. 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 global, 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.
A Full-Loop Financial System, Designed for All
At its core, UR introduces a ‘full-loop’ financial system, one that starts with either fiat or crypto salary deposits and allows tokenized assets to be spent like cash via the card. In time, UR will offer yield on idle balances and even allow users to borrow or repay using crypto-native instruments. UR’s phased rollout will begin with an early contributors’ release in June, ahead of full public access later this year in Q3. Mobile applications for iOS and Android are also in development.
As crypto enters the next phase of adoption, the launch of UR reflects Mantle’s broader vision to reshape the financial stack, from base-layer infrastructure to consumer-grade applications, creating a unified ecosystem where users and institutions can transact, save, invest, and build in ways that were not previously possible under siloed legacy systems. By making DeFi benefits accessible through UR’s simplified user interaction, crypto will be practical and powerful to serve coffee runs and pension funds alike.