A major breakthrough in cryptocurrency adoption has occurred as Mantle’s mETH becomes the first liquid staking token to appear on the balance sheet of a publicly traded company. This milestone comes through a new partnership between Mantle and Republic Technologies, announced on May 22, 2025.
mETH is a special type of cryptocurrency token that allows investors to earn returns on their Ethereum holdings while maintaining the ability to trade or use those assets. Think of it like earning interest on money in a savings account, but still being able to spend that money whenever needed.
Republic Technologies, which manages cryptocurrency assets for the Canadian public company Beyond Medical Technologies Inc., will now hold mETH tokens as part of its financial reserves. The company plans to convert a significant portion of its Ethereum holdings into mETH to generate ongoing returns.
Mantle visual. Image source: Chainwire.
“We believe Ethereum is the foundation for future financial systems,” explained Daniel Liu, CEO of Republic Technologies. “Working with Mantle’s mETH Protocol was a natural next step for us.”
Why this matters
This partnership represents a significant shift in how traditional companies view cryptocurrency assets. While some companies have added Bitcoin to their balance sheets, Republic Technologies is focusing on Ethereum and using advanced financial tools like liquid staking tokens.
By holding mETH instead of regular Ethereum, Republic Technologies can:
- Earn continuous returns on their cryptocurrency holdings
- Maintain the flexibility to use or trade these assets when needed
- Support the broader Ethereum ecosystem
Mantle’s mETH Protocol has seen remarkable success since its launch. Within just over two months, it attracted over $1 billion in assets, eventually reaching more than $2.19 billion. Currently, about 170,000 mETH tokens (worth approximately $455 million) have been further invested in supporting Mantle’s technical infrastructure.
Jonathan Low from mETH Protocol noted: “This partnership shows how our platform can support serious institutional investment strategies built on Ethereum.”
Future plans
Looking ahead, Mantle plans to include mETH in a new investment fund called MI4, which will offer regulated exposure to various cryptocurrencies. The company is also developing Mantle Banking, which will allow people to use mETH with traditional banking services, including payments and loans.
This partnership between Mantle and Republic Technologies represents an important step forward in bridging the gap between traditional finance and the emerging world of cryptocurrency investments.
Sources:
- Chainwire – https://chainwire.org/2025/05/22/mantle-and-republic-technologies-forge-strategic-partnership-to-pioneer-institutional-meth-integration/
