MANTRA Secures VASP License in Dubai, Paving the Way for Worldwide Expansion and Product Innovation in Finance
In Brief
In an official announcement, MANTRA revealed it has successfully been granted a VASP license by VARA in Dubai, enabling its operations as a virtual asset exchange and positioning it to deliver broker-dealer, management, and investment services.
A decentralized finance (DeFi) initiative operated by MANTRA Group, MANTRA Finance FZE has announced the successful acquisition of a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This authorization enables MANTRA to function as a virtual asset exchange and extend Broker-Dealer, Management, and Investment Services.
"Dubai and VARA have emerged as frontrunners in crypto regulation, establishing a thorough framework for virtual assets and Web3. For MANTRA, obtaining this license is a pivotal moment in our global expansion efforts,\" stated John Patrick Mullin, CEO of MANTRA.
"The UAE and the larger MENA region have quickly become a vibrant global hub for Web3 and virtual assets, thanks to innovative regulatory measures. This license not only solidifies our regional footprint but also enhances our international positioning, allowing us to deliver innovative DeFi products that bridge the gap between decentralized and traditional finance. We aim to cultivate a forward-thinking financial ecosystem that benefits qualified investors and institutions around the world,\" added John Patrick Mullin.
This achievement signifies a significant milestone in MANTRA’s dedication to complying with regulations, ensuring security, and fostering innovation within the thriving virtual assets ecosystem. The VARA license allows MANTRA to broaden its global reach while introducing a suite of new regulatory-compliant financial products that align with the evolving demands of global investors, and it sets the stage for further operations in the Middle East with an emphasis on the tokenization of Real-World Assets (RWAs). MANTRA is dedicated to offering transparent, secure, and state-of-the-art solutions that adhere to the strictest regulatory standards. real-world assets MANTRA Plans to Expand Solutions for Institutional Investors in the UAE and Launch Innovative DeFi Products for a Diverse Investor Base
Leveraging cutting-edge blockchain technology, MANTRA aims to deliver swift, secure, and non-custodial financial services. The platform plans to introduce investment options that merge the strengths of decentralized finance with the safety nets of traditional finance, promising improved transparency, quicker trade settlements, and enhanced asset control for users. With its new VARA license, MANTRA is poised to broaden these offerings and cater to institutional and qualified investors in the UAE.
"By securing this license, MANTRA aligns itself with a growing network of regulated entities in the UAE, and we're thrilled to collaborate with industry pioneers to shape the future of virtual assets. Adhering to regulatory standards is crucial for the trust we build with our users and underscores our long-term vision for sustainable growth in the digital asset domain,\" emphasized John Patrick Mullin.
Plans are in motion to roll out a range of distinctive DeFi products tailored to meet the evolving needs of investors. Each offering will be meticulously crafted to comply with local regulations and international policy standards, ensuring users have access to both innovative and secure financial solutions.
As the platform evolves, MANTRA Please be advised that the information presented here does not constitute and should not be construed as legal, tax, investment, financial, or any form of advice. It's essential to invest only what you can afford to lose and to seek independent financial counsel if you have any uncertainties. For additional details, we recommend reviewing the terms and conditions and accessing the help and support pages made available by the issuer or advertiser. MetaversePost is committed to delivering accurate and unbiased reports; however, market conditions may shift unexpectedly.
Disclaimer
In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, focuses on the dynamic world of cryptocurrency, zero-knowledge proofs, investments, and the expansive horizon of Web3. With a sharp eye for emerging trends and technologies, she provides in-depth coverage to keep readers informed and engaged in the fast-changing landscape of digital finance.
