mETH Becomes the First Liquid Staking Token to Be Held on the Balance Sheet of a Publicly Listed Company

Mantle, the largest sustainable hub for on-chain finance with over $3 billion in Total Value Locked (TVL), today announced a strategic partnership with Republic Technologies

May 22nd, 2025 – Singapore, Singapore

Mantle, the largest sustainable hub for on-chain finance with over $3 billion in Total Value Locked (TVL), today announced a strategic partnership with Republic Technologies, the Ethereum (“ETH”) treasury of publicly listed Canadian company Beyond Medical Technologies Inc. (CSE: DOCT) (IBKR: DOCT) (FSE: 7FM). This partnership marks a major milestone in institutional cryptocurrency adoption, positioning Mantle’s mETH as the first liquid staking token to be placed on the balance sheet of a publicly listed company.

According to a recent report by the Bankless Trade, greater than 50 established incumbents—together processing over $10 trillion in AUM and boasting over 2 billion users—have joined the Ethereum ecosystem. To date, major players like BlackRock, Franklin Templeton, PayPal, and Visa have all built services on Ethereum.

“We have strong conviction in Ethereum as the institutional chain, with ETH being the digital fuel that powers global financial systems. Our initial entry through Mantle’s Scout Program helped us gain early exposure to the broader Mantle ecosystem, where the alignment with mETH Protocol came as a natural next step. We are launching a new institutional paradigm with this treasury strategy, which is focused on ETH as the foundational layer for smart contracts, tokenization, and decentralized financial settlement. In comparison to firms like Strategy and Metaplanet, whose reserves are largely Bitcoin-based, our approach is focused on Ethereum’s role as the infrastructure layer powering both blockchain innovation and real-world enterprise integration. As we accumulate ETH as a core balance sheet asset, we are ultimately driving the growth of our underlying healthcare technology businesses and offering premier exposure to digital assets for all shareholders, which in turn attracts interest from traditional markets and accelerates participation by institutions in the emerging technology sector.” — Daniel Liu, CEO of Republic Technologies

Republic Technologies is establishing a new institutional paradigm by building a treasury strategy around Ethereum, seen as the foundational layer for smart contracts, tokenization, and decentralized financial settlement. In contrast to Bitcoin-focused strategies employed by firms like Strategy and Metaplanet, whose reserves are largely Bitcoin-based, Republic Technologies’ approach is anchored in Ethereum’s role as the infrastructure layer powering both blockchain innovation and real-world enterprise integration.

This partnership signifies a turning point in how institutions are engaging with cryptocurrencies. Traditionally, institutions have invested in cryptocurrencies through private vehicles like tokens issued by crypto startups or through closed-end funds. However, Republic Technologies’ direct participation in mETH Protocol marks a new era of institutional involvement, placing a liquid staking token on the balance sheet of a publicly listed company for the first time.

This partnership also highlights the growing demand for yield-generating protocols within the DeFi ecosystem. As institutions seek higher returns in the low-yield macroeconomic environment, protocols like mETH Protocol, which offer competitive yield and efficient capital utilization, are becoming increasingly attractive.

Republic Technologies is the Ethereum treasury of Beyond Medical Technologies Inc. (CSE: DOCT) (IBKR: DOCT) (FSE: 7FM), a publicly listed Canadian technology company. The company is focused on integrating blockchain infrastructure to drive operational efficiency and improve patient outcomes across the medical ecosystem. In March 2025, Republic Technologies entered into a licensing agreement and launched its medical attestation platform, which leverages Ethereum-based distributed systems for collecting, verifying, and managing medical records and certificates.

This partnership marks a significant milestone in the integration of blockchain technology with traditional financial institutions. It is a testament to the innovation and capabilities of both Mantle and Republic Technologies in pushing the boundaries of cryptocurrency adoption.

About Mantle Ecosystem

A pioneering on-chain ecosystem 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.

For more information, users can visit: https://group.mantle.xyz/

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