MANTRA Secures First VARA DeFi License for Global Financial Innovation

MANTRA Secures DeFi License in Dubai

MANTRA Finance FZE, a leader in decentralized finance (DeFi) solutions, has announced a significant milestone by acquiring the first DeFi license issued by the Virtual Assets Regulatory Authority (VARA) in Dubai. This achievement paves the way for MANTRA's operations as a virtual asset service provider, allowing the platform to offer brokerage, investment management, and other financial services in compliance with local regulations.

The VARA DeFi license marks a crucial step for MANTRA not only in regulatory compliance but also in fostering innovation within the burgeoning virtual asset ecosystem. With this new license, MANTRA aims to innovate and introduce a variety of financial products designed to meet the evolving needs of investors worldwide. The licensing will also enable MANTRA to expand its operations further in the Middle East, emphasizing the tokenization of Real-World Assets (RWAs).

According to John Patrick Mullin, CEO of MANTRA, "Dubai and VARA have set the global standard for crypto regulation by creating a timely and comprehensive framework for virtual assets and Web3. The VARA license was a crucial milestone for MANTRA and a key step in our journey toward global scalability."

The United Arab Emirates (UAE) and the wider MENA region are rapidly transforming into a progressive global hub for Web3 and virtual assets, driven by strong regulatory frameworks. Mullin noted, "This license not only strengthens our presence in the region but positions us on a global scale to deliver unique DeFi products bridging decentralized finance with traditional finance. Our mission is to establish a forward-thinking financial ecosystem that benefits institutional and qualified investors globally."

Leveraging advanced blockchain technology, MANTRA provides fast, secure, and efficient financial services. The platform offers innovative investment products that merge the advantages of DeFi with the safeguards of traditional financing. Enhanced transparency and speedy transaction settlements allow users to maintain better control over their assets.

With the VARA license, MANTRA joins a growing community of regulated entities in the UAE. Mullin expressed excitement about collaborating with industry leaders to shape the future of virtual assets. "Our commitment to adhering to regulations is fundamental to the trust we build with our users, and it reflects our long-term vision of fostering responsible growth in the digital asset space."

Continuing its innovative path, MANTRA will launch an array of unique DeFi products specifically tailored to meet the dynamic needs of investors. Each product will be developed with careful consideration of local regulations and international policy frameworks, ensuring that users benefit from both security and advanced financial tools.

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

About MANTRA

MANTRA Chain is a dedicated Layer 1 blockchain designed for Real-World Assets, compliant with regulatory standards. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly engage in the evolving RWA tokenization arena by providing advanced technology modules, compliance mechanisms, and cross-chain interoperability.