Mantle and Republic Applied Sciences Partner to Advance Institutional mETH Adoption

Mantle, a leading on-chain finance hub with over $3 billion in Total Value Locked (TVL), today announced a strategic partnership with Republic Applied Sciences, the Ethereum (“ETH”) treasury of publicly listed Canadian company Beyond Medical Technologies Inc. (CSE: DOCT) (IBKR: DOCT) (FSE: 7FM). This partnership signifies a pivotal moment in institutional cryptocurrency adoption, establishing Mantle’s mETH as the first liquid staking token held on a publicly listed company’s balance sheet.

Through this collaboration, Republic Applied Sciences intends to delegate a significant portion of its ETH holdings to Mantle’s mETH Protocol and maintain mETH as a yield-generating, liquid staking token on its balance sheet. The partnership underscores a structural shift in institutional digital asset strategy and growing investor confidence in Ethereum-native yield infrastructure, reflecting Republic Applied Sciences’ deepening alignment with the Mantle ecosystem.

Republic Applied Sciences is establishing a unique institutional model by building its treasury strategy around Ethereum, recognized as the foundational layer for smart contracts, tokenization, and decentralized financial settlement. Unlike Bitcoin-centric approaches employed by companies such as Square and Metaplanet, whose reserves are primarily Bitcoin-based, Republic Applied Sciences’ strategy is anchored in Ethereum’s role as the infrastructure powering all blockchain innovation and real-world application integration.

By holding ETH as a core balance sheet asset, Republic Applied Sciences fuels the growth of its underlying healthcare technology businesses while providing institutional-grade exposure to digital assets for all shareholders. This approach is attracting increased interest from traditional markets and accelerating institutional participation in the burgeoning technology sector.

“We have strong conviction that Ethereum is the institutional chain, with ETH serving as the digital fuel powering global financial systems,” said Daniel Liu, CEO of Republic Applied Sciences. “Our initial entry through Mantle’s Scout Program gave us early exposure to the broader Mantle ecosystem, and our alignment with the mETH Protocol was a natural next step. Over 50 established incumbents—including BlackRock, Franklin Templeton, PayPal, and Visa—have already built services on Ethereum. Wall Street has made its decision. Our role now is to extend the benefits of this macro tailwind to a broader base of institutional and retail participants worldwide.”

Its leadership team brings decades of experience from top-tier financial institutions, including Apollo Global Management, Goldman Sachs, BlackRock, and Canaccord Genuity. Republic Applied Sciences operates under the publicly listed company Beyond Medical Technologies Inc., a technology company integrating blockchain infrastructure to drive operational efficiency and improve patient outcomes across the healthcare ecosystem. In March 2025, Republic Applied Sciences entered into a licensing agreement and launched its medical attestation platform, leveraging Ethereum-based distributed systems to power healthcare data integrity and regulatory compliance. The Ethereum treasury was established to support and scale this vision, marking a first-of-its-kind integration.

Mantle’s mETH Protocol has rapidly emerged as a leading platform in Ethereum liquid staking and restaking. Within just 66 days of launch, it surpassed $1 billion in TVL—the fastest growth in its category—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.

To date, 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 companies, including Stakefish, P2P.org, Blockdaemon, A41, and Veda, ensuring high availability and robust institutional reliability.

“Republic Applied Sciences’ participation highlights mETH Protocol’s ability to support institutional solutions built natively on Ethereum,” said Jonathan Low, Development Lead at mETH Protocol. “As trust accelerates for ETH-native yield and utility, we remain focused on building resilient infrastructure that long-term allocators can trust.”

Looking Ahead: MI4 and Mantle Banking

This partnership precedes mETH’s inclusion in MI4, a tokenized, yield-focused index fund developed in collaboration with Securitize—the tokenization firm behind BlackRock’s BUIDL and Apollo’s ACRED. Backed by up to $400 million in anchor funding from the Mantle Treasury, MI4 targets $1 billion in AUM and will provide regulated exposure to BTC, ETH, SOL, stablecoins, and liquid 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 traditional payment systems. This integration will allow users to use, borrow, and invest with mETH across traditional payment rails, unlocking real-world utility for digital assets.

About the 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 the Mantle Community, mETH Protocol, Feature (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.