"MANTRA Secures First VASP License in Dubai, Unlocking Global DeFi Growth"

MANTRA Finance FZE (MANTRA), a leading decentralized finance (DeFi) platform operated by MANTRA Group, has secured its first Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). This significant milestone allows MANTRA to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. The VARA license paves the way for MANTRA's global growth and innovation in financial products.

This achievement underscores MANTRA's commitment to regulatory compliance, security, and innovation within the rapidly growing virtual assets ecosystem. The VARA license supports MANTRA's global footprint, enabling the introduction of a range of innovative, regulatory-compliant financial products tailored to the evolving needs of investors worldwide. It also positions MANTRA to further scale operations in the Middle East, focusing on the tokenization of real-world assets (RWAs).

John Patrick Mullin, CEO of MANTRA, expressed his enthusiasm about the license, stating, "By establishing the most timely, comprehensive, and built-from-the-ground-up framework for virtual assets and Web3, Dubai and VARA have become world leaders in crypto regulation. This license was a crucial step for MANTRA and a key step in our journey towards global expansion."

The UAE and broader MENA region have fast become a progressive global hub and thriving ecosystem for Web3 and virtual assets due to their regulatory initiatives and frameworks. This license not only strengthens MANTRA's presence regionally but also positions it internationally to deliver unique DeFi products that bridge the gap between decentralized finance and traditional finance. MANTRA's goal is to build a future-focused financial ecosystem that benefits institutional and qualified investors globally.

MANTRA leverages its cutting-edge blockchain technology to deliver fast, secure, and non-custodial financial services. The platform's offerings will include innovative investment products that merge the advantages of decentralized finance with the protections of traditional finance, such as increased transparency, rapid trade settlement, and enhanced user control over assets. With the VARA license, MANTRA is uniquely positioned to scale these solutions and offer them to both institutional clients and qualified investors in the UAE.

Mullin added, "By obtaining this license, MANTRA joins a growing community of regulated entities operating within the UAE, and we are excited to work alongside industry leaders to