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Mantle launches UR, world’s first fully blockchain-based neobank- offering IBAN accounts, 1:1 backed deposits and spend through a Mastercard debit card

June 23, 2025 //  by Finnovate

Mantle has launched UR, a neobank that runs entirely on the blockchain, allowing users to manage their daily finances securely and effortlessly across fiat and crypto finances. UR is part of Mantle’s modular finance products, blending traditional finance access with blockchain-native architecture. 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. 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’s phased rollout will begin with an early contributors’ release in June, followed by full public access later this year in Q3. Mobile applications for iOS and Android are also in development. 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.

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Category: Crypto & Blockchain, Innovation Topics

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