Republic Technologies Holds mETH on Balance Sheet in Ethereum Push

Mantle, a leading sustainable hub for on-chain finance with over $3 billion in Total Value Locked (TVL), has announced a strategic partnership with Republic Technologies, the Ethereum treasury of publicly listed Canadian company Beyond Medical Technologies Inc. This collaboration marks a significant milestone in institutional cryptocurrency adoption, as mETH becomes the first liquid staking token to be held on the balance sheet of a publicly listed company.

Through this partnership, Republic Technologies plans to delegate a substantial portion of its ETH holdings to Mantle’s mETH Protocol. The company will hold mETH as a yield-bearing, liquid staking token on its balance sheet, reflecting a structural shift in institutional digital asset strategy and growing investor conviction in Ethereum-native yield infrastructure. This move underscores Republic Technologies’ deepening alignment with the Mantle ecosystem.

Republic Technologies is pioneering 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. Unlike Bitcoin-focused strategies employed by some firms, Republic Technologies’ approach is anchored in Ethereum’s role as the infrastructure layer powering both blockchain innovation and real-world enterprise integration. By accumulating ETH as a core balance sheet asset, Republic Technologies advances the growth of its underlying healthcare technology businesses while offering institutional-grade exposure to digital assets for all shareholders.

Daniel Liu, CEO of Republic Technologies, emphasized the company’s strong conviction in Ethereum as the institutional chain, with ETH serving as the digital fuel powering global financial systems. He noted that the initial entry through Mantle’s Scout Program helped gain early exposure to the broader Mantle ecosystem, where alignment with mETH Protocol came as a natural next step. Liu highlighted that over 50 established incumbents, including major financial institutions, have already built services on Ethereum, indicating a macro tailwind that Republic Technologies aims to extend to a broader base of institutional and retail participants worldwide.

Mantle’s mETH Protocol has quickly emerged as one of the leading platforms in Ethereum liquid staking and restaking. Within just 66 days of launch, it surpassed $1 billion in TVL and has since peaked at over $2.19 billion. Designed with institutional-grade capital efficiency and composability in mind, mETH enables institutions to access Ethereum-native yield through a fully composable and capital-efficient framework. Over 170,000 mETH, approximately $455 million, has been restaked into EigenDA, securing Mantle’s modular data availability layer. Validator operations are distributed across leading infrastructure providers, ensuring high availability and robust institutional reliability.

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

Looking ahead, the partnership precedes mETH’s inclusion in MI4, a tokenized, yield-focused index fund developed in collaboration with Securitize. Backed by up to $400 million anchor investment from the Mantle Treasury, MI4 targets $1 billion in AUM and will offer regulated exposure to BTC, ETH, SOL, stablecoins, and select staking assets, with mETH playing a central role in its ETH allocation strategy.

In parallel, Mantle is preparing to extend mETH’s utility across traditional finance through Mantle Banking, an initiative that will integrate mETH into fiat rails, credit products, and conventional payment systems. This integration will allow users to spend, borrow, and invest with mETH across traditional payment rails, unlocking real-world utility for digital assets.

The Mantle ecosystem is dedicated to revolutionizing the future of finance and blockchain scalability, seamlessly bridging traditional finance (TradFi) and decentralized finance (DeFi). Through innovative products like Mantle Network, mETH Protocol, Function (FBTC), and Mantle Index Four (MI4), Mantle’s ecosystem empowers users and institutions with a unified financial services platform, redefining how the world spends, saves, and invests in the Web 3.0 era.