Mantle and Republic Technologies Form Strategic Partnership: mETH Becomes First Liquid Staking Asset on a Publicly Listed Company’s Balance Sheet
Mantle, the largest sustainable on-chain finance platform with over $3 billion TVL, today announced a strategic partnership with Republic Technologies, the Ethereum treasury manager of Beyond Medical Technologies Inc. (CSE: DOCT | IBKR: DOCT | FSE: 7FM).
Through this agreement, Republic Technologies will convert a significant portion of its existing ETH holdings to mETH, Mantle’s liquid staking token, and hold the asset on its balance sheet as a yield-generating asset. This is a major milestone in the journey to integrate digital assets into corporate finance strategies at the institutional level, and marks mETH as the first liquid staking token to be recognized as a valid accounting asset by a publicly listed company.
Republic Technologies: Pioneering Ethereum Treasury in Healthcare
Unlike companies like MicroStrategy and Metaplanet, which are focused on accumulating Bitcoin, Republic Technologies has chosen Ethereum as its long-term strategic platform. ETH is seen as an important infrastructure layer that supports smart contracts, asset tokenization, and decentralized payment solutions.
This strategy not only helps Republic Technologies strengthen its core technology operations in the healthcare sector, but also opens the door to digital assets for the company's shareholders. This move creates a new treasury model - the first publicly listed Ethereum treasury - and has the potential to become the new standard for how companies apply digital assets to corporate finance.
“We believe Ethereum is the core institutional blockchain, with ETH being the digital fuel for global financial systems,” said Daniel Liu, CEO of Republic Technologies. “Joining the Mantle Scout program was a natural first step toward deeper engagement with the mETH protocol.”
The Republic team brings together experts from leading financial institutions such as Apollo, Goldman Sachs, BlackRock, and Canaccord Genuity. The parent company – Beyond Medical Technologies – is actively integrating blockchain into the healthcare ecosystem to increase operational efficiency and improve the quality of healthcare data, with a decentralized medical authentication platform set to launch in March 2025.
mETH Protocol: Institutional-grade liquidity staking infrastructure
Mantle’s mETH is proving to be the fastest-growing liquidity staking protocol in Ethereum history, reaching $1 billion TVL in just 66 days and currently surpassing $2.19 billion. The protocol is designed to be highly available, flexible, and interoperable, making it easy for institutions to integrate and optimize their ETH staking capital.
To date, over 170,000 mETH (worth approximately $455 million) has been staked back into EigenDA – Mantle’s modular data security layer. The network’s operations are run by leading providers such as Stakefish, P2P.org, Blockdaemon, A41, and Veda, ensuring institutional-grade performance and reliability.
“Republic Technologies has confirmed that the mETH Protocol is not just a staking product, but an integral part of a new institutional finance strategy on Ethereum,” said Jonathan Low, Head of Growth at Mantle.
Looking Forward: MI4 and Mantle Banking Expand mETH’s Utility
The partnership comes as mETH prepares to be included in MI4 – the Mantle Index Four, a tokenized staking index fund developed with Securitize – the team behind BlackRock’s BUIDL and Apollo’s ACRED. MI4 is backed by a seed investment of up to $400 million from the Mantle Treasury, aiming to manage $1 billion in assets with holdings including BTC, ETH, SOL, stablecoins and staking tokens – with mETH playing a central role.
In parallel, the Mantle Banking initiative is being developed to integrate mETH into traditional financial systems – including fiat rails, credit products and payments. Users will be able to spend, borrow and invest with mETH on familiar platforms, unlocking real-world applications of digital assets.
About Mantle Ecosystem
Mantle is a comprehensive on-chain financial ecosystem, built to bridge the worlds of traditional finance (TradFi) and decentralized finance (DeFi). Key products such as Mantle Network, mETH Protocol, Function (FBTC), and MI4 are reshaping the way people spend, save, and invest in the Web3 era. With the goal of becoming a solid infrastructure bridge between businesses, organizations, and blockchain, Mantle is pioneering the creation of the digital financial platform of the future.