Mantra, a layer-1 blockchain focused on real-world asset tokenization, has become the first DeFi platform to secure a virtual asset service provider (VASP) license from Dubai’s VARA. This license allows Mantra to offer exchange, broker-dealer, and investment services, marking a significant step in its global expansion.The UAE is positioning itself as a global blockchain hub, attracting startups and established companies alike. Mantra’s recent partnerships, including a $1 billion agreement with Damac Group, aim to enhance token-based financing across various sectors, further integrating tokenized assets into the region’s financial ecosystem.
about Dubai's VARA Grants VASP License to Mantra for DeFi ServicesJohn Mullin
0 posts last weekMantra Finance Secures Dubai License to Expand DeFi and Tokenization Services
Mantra Finance has secured a Virtual Asset Service Provider license from Dubai’s Virtual Assets Regulatory Authority, enabling it to operate as a digital asset exchange and offer various financial services in the UAE and MENA region. CEO John Patrick Mullin highlighted the importance of this milestone for global expansion and the development of regulatory-compliant financial products, particularly for institutional investors. The platform aims to tokenize assets across multiple industries while prioritizing compliance and investor protection.
about Mantra Finance Secures Dubai License to Expand DeFi and Tokenization ServicesMANTRA Receives VARA License to Operate as Virtual Asset Exchange in Dubai
MANTRA has secured a Virtual Asset Service Provider license from Dubai’s VARA, enabling it to operate as a Virtual Asset Exchange and offer Broker-Dealer and Management Services. This milestone enhances MANTRA’s commitment to compliance and innovation in the DeFi space, positioning it for global expansion and the development of unique DeFi products tailored to investor needs. The platform’s native token, OM, has seen a remarkable 3,000% increase in price over the past year, reaching an all-time high of nearly $7.90.
about MANTRA Receives VARA License to Operate as Virtual Asset Exchange in DubaiMantra and Damac Partner to Tokenize Middle Eastern Assets in Billion Dollar Deal
Mantra has entered a $1 billion partnership with Damac Group to tokenize a diverse portfolio of Middle Eastern assets, enhancing blockchain transparency and security. This collaboration aims to position Mantra as the leading platform for real-world asset tokenization in the UAE, reflecting the region’s innovative stance in the crypto industry. CEO John Mullin anticipates that tokenization will become a key trend, enabling broader access to investments and redefining asset liquidity.
about Mantra and Damac Partner to Tokenize Middle Eastern Assets in Billion Dollar Deal