Advanced Blockchain AG Acquires 4.3 Million Mantis Tokens

On February 14, 2025, Advanced Blockchain AG (ABAG), a prominent blockchain incubator, announced the acquisition of 4.3 million Mantis tokens ($M). The tokens were obtained through financing rounds and services provided to Composable Finance, a company within ABAG's portfolio. Following the Token Generation Event (TGE) on February 11, 2025, 140,000 Mantis tokens became immediately tradable, with the remainder subject to a vesting schedule over 30 months.

Mantis operates as a Solana-based protocol enhancing cross-chain transactions via the IBC protocol, linking networks like Ethereum and Cosmos. This fosters interoperability in decentralized finance (DeFi). The DeFAI Interactive Search Engine integration further employs AI to streamline processes, boosting decentralization.

ABAG's investment in Composable Finance initially secured LAYR tokens, now replaced by Mantis tokens, underscoring ABAG's strategic positioning and growth potential within the DeFi ecosystem.