MANTRA Secures First VARA DeFi License, Paving the Way for Global Financial Innovation

MANTRA's Historic Achievement with VARA DeFi License

In a major development for the world of decentralized finance, MANTRA Finance FZE, a leading DeFi platform operated by the MANTRA group, has proudly announced the acquisition of a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This accomplishment allows MANTRA to operate as a virtual asset exchange and offer a comprehensive range of brokerage, management, and investment services.

This new license signifies a crucial commitment to regulatory compliance, security, and innovation within the rapidly evolving virtual asset ecosystem. By obtaining this license, MANTRA is not only reinforcing its global footprint but also preparing for an ambitious expansion across the Middle East, focusing on real-world asset tokenization.

John Patrick Mullin, CEO of MANTRA, emphasized the importance of the VARA license in the company's strategy for global expansion. He stated, “By establishing the most favorable, comprehensive, and well-designed framework for virtual assets and Web3, Dubai and VARA have emerged as global leaders in cryptocurrency regulation. This license is a foundational step for MANTRA and a key milestone in our journey towards international growth.”

The Importance of Regional Growth in MENA

The United Arab Emirates (UAE) has rapidly ascended as a global hub for Web3 and virtual assets, underpinned by its innovative regulatory initiatives. The VARA license not only strengthens MANTRA’s regional presence but also positions the company on an international scale to deliver unique DeFi products that bridge the gap between decentralized and traditional finance. MANTRA’s objective is to create a future-focused financial ecosystem that benefits qualified institutional investors globally.

MANTRA leverages its cutting-edge blockchain technology to provide swift, secure, and non-invasive financial services. The platform plans to introduce innovative investment products that merge the advantages of decentralized finance with the protective measures of traditional finance. This includes enhanced transparency, rapid transaction settlement, and greater user control over assets.

“By securing this license, MANTRA joins an ever-growing community of regulated entities operating in the UAE, and we are excited to collaborate with industry leaders to shape the future of virtual assets,” Mullin added. He also emphasized that regulatory compliance is vital for building trust with users and reflects MANTRA’s long-term vision for responsible growth in the digital asset space.

As the platform continues to innovate, it will unveil a variety of unique DeFi products tailored to meet the dynamic needs of investors. Each product will be developed in strict accordance with local regulations and international policy frameworks, empowering users with both security and advanced financial tools.

For further insights on MANTRA and its offerings, please visit mantrachain.io.

About MANTRA

The MANTRA Chain is a permissionless Level 1 blockchain specifically designed for real-world assets, complying with regulatory requirements. It allows developers and institutions to seamlessly participate in the evolving space of real-world asset tokenization by providing advanced technological modules, compliance mechanisms, and cross-chain interoperability.