UR aims to remove the friction between TradFi and DeFi with an all-in-one account for fiat banking and tokenised deposits.
Mantle launched UR, a neobank that runs entirely on the blockchain to help users spend, save and invest across fiat and crypto finances in one unified account.
UR blends traditional finance access with blockchain-native architecture, enabling users in more than 40 countries to manage their daily finances securely and effortlessly. It delivers a Swiss-backed multi-currency account and debit card where users can hold fiat and stablecoins side-by-side and access global banking rails.
UR is also set to unlock decentralised finance (DeFi)-native features such as yield and crypto-collateralized credit in later stages, powered by Mantle Network’s modular Ethereum Layer-2 blockchain.
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. All accounts are offered by a Swiss-regulated financial institution, with core infrastructure integrating tokenised deposits and NFT-based identity.
“UR is a foundational step toward closing the gap between on-chain capital and everyday financial utility. By integrating identity, custody, and multi-asset spending into a single system, we’re not just building a crypto neobank but prototyping what the next generation of financial institutions should look like: accessible, programmable, and composable by design,” said Timothy Chen, Global Head of Strategy at Mantle.
At launch, UR supports fund transfers via both traditional rails such as SWIFT, SEPA, and crypto networks Ethereum and Arbitrum with Base and Mantle Network coming soon, to offer seamless on- and off-ramps between fiat and digital assets.
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