Republic Technologies Delegates ETH Holdings to Mantle’s mETH Protocol

Mantle, a pioneering on-chain ecosystem revolutionizing the decentralized finance (DeFi) space, has formed a strategic partnership with Republic Technologies, the Ethereum (“ETH”) treasury of publicly listed Canadian company Beyond Medical Technologies Inc. This collaboration aims to integrate Mantle’s mETH Protocol to drive innovation in the DeFi sector.

As part of this partnership, Republic Technologies will delegate a significant portion of its ETH holdings to Mantle’s mETH Protocol. This move marks a significant milestone as mETH will become the first liquid staking token to be held on the balance sheet of a publicly listed company, underscoring the growing institutional adoption of cryptocurrencies.

Republic Technologies’ decision to hold mETH as a yield-bearing, liquid staking token reflects a deepening alignment with the Mantle ecosystem. The firm seeks to establish a new institutional paradigm by building a treasury strategy around Ethereum, which is seen as the foundational layer for smart contracts, tokenization, and decentralized financial settlement. This approach contrasts with Bitcoin-focused strategies employed by other firms, which primarily hold Bitcoin as their core reserve asset.

Daniel Liu, the CEO of Republic Technologies, emphasized the firm’s conviction in Ethereum’s role as the institutional chain, stating that ETH serves as the digital fuel powering global financial systems. Liu noted that the firm’s initial entry through Mantle’s Scout Program provided early exposure to the broader Mantle ecosystem, leading to a natural alignment with the mETH Protocol. He also highlighted the growing institutional interest in Ethereum, citing the involvement of major players such as BlackRock, Franklin Templeton, PayPal, and Visa in building services on the Ethereum network.

Jonathan Low, the Growth Lead at mETH Protocol, commented on the partnership, stating that Republic Technologies’ participation underscores mETH Protocol’s ability to support institutional strategies built natively on Ethereum. As demand for ETH-native yield and utility accelerates, mETH Protocol remains focused on building resilient infrastructure that long-term allocators can trust.

Mantle is also planning to extend mETH’s utility across traditional finance through Mantle Banking. This initiative aims to integrate mETH into fiat rails, credit products, and conventional payment systems, offering users the opportunity to spend, borrow, and invest with mETH across traditional payment rails. This move is expected to further boost mETH’s adoption and integration into the broader financial ecosystem.