MANTRA Receives VARA DeFi License, Opening New Horizons for Financial Innovation

MANTRA Receives VARA DeFi License

In a groundbreaking development, MANTRA Finance FZE, a prominent decentralized finance (DeFi) platform spearheaded by the MANTRA Group, has announced the successful acquisition of a license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This license enables MANTRA to operate as a Virtual Asset Service Provider (VASP), marking a significant milestone in the company’s journey towards regulatory compliance and innovation within the swiftly evolving virtual asset ecosystem.

With the VARA license, MANTRA can offer a broad range of services, including virtual asset exchange operations, broker-dealer activities, and management and investment services. This achievement is expected to bolster MANTRA's global presence as it embarks on launching a series of novel and compliant financial products tailored to meet the diverse needs of investors worldwide. Furthermore, it opens new doors for expanding operations in the Middle East, particularly focusing on Real-World Asset (RWA) tokenization.

Commitment to Regulatory Compliance and Innovation

John Patrick Mullin, CEO of MANTRA, emphasized the importance of the VARA license in his statement: "Dubai and VARA have positioned themselves at the forefront of crypto regulation worldwide by creating a modern and comprehensive framework for virtual assets and Web3. This licensing step is crucial for MANTRA as we aim for global expansion."

Mullin noted that the UAE and the broader MENA region have rapidly become a sophisticated global hub, fostering a flourishing Web3 and virtual asset ecosystem thanks to their regulatory initiatives. The license will not only strengthen MANTRA's regional footprint but also empower the company to introduce unique DeFi products internationally, bridging the gap between decentralized and traditional finance.

MANTRA’s advanced blockchain technology is set to facilitate rapid, secure, and non-custodial financial services. The platform will feature innovative investment products that combine the advantages of decentralized finance with traditional finance's protective measures, promising enhanced transparency, speedy trade execution, and improved user control over assets. The VARA license positions MANTRA uniquely to scale these offerings, catering to institutional clients and qualified investors within the UAE.

Future Prospects and Unique Offerings

“By obtaining this license, MANTRA joins a growing community of regulated companies operating in the UAE, and we look forward to collaborating with industry leaders to shape the future of virtual assets,” Mullin added. He stressed that regulatory compliance is fundamental to building trust with users and reflects the company’s long-term vision of encouraging responsible growth in the digital asset space.

As part of its ongoing innovation, MANTRA plans to launch a wide array of unique DeFi products designed to meet investors' dynamic needs. Each product will be developed strictly in accordance with local regulations and international political frameworks to ensure that users benefit from both security and state-of-the-art financial instruments.

For more information about MANTRA and its offerings, visit mantrachain.io.

About MANTRA

MANTRA Chain is a purpose-built Layer-1 blockchain designed to meet real-world regulatory requirements. As a permissionless chain, it enables developers and institutions to participate seamlessly in the evolving RWA tokenization landscape by providing advanced technological modules, compliance mechanisms, and cross-chain interoperability.