MANTRA Finance Secures VASP License from Dubai’s VARA

MANTRA Finance has secured a Virtual Asset Service Provider license from Dubai’s VARA, enabling it to operate as a Virtual Asset Exchange.
This license supports MANTRA’s global expansion and positions it to scale operations in the Middle East, focusing on tokenizing real-world assets.
MANTRA aims to bridge decentralized and traditional finance by offering innovative, regulatory-compliant financial products.
The UAE’s regulatory framework has made it a global hub for Web3 and virtual assets, enhancing MANTRA’s strategic presence in the region.

DUBAI, United Arab Emirates, 19 February, 2025 – MANTRA Finance FZE (MANTRA), a prominent decentralized finance (DeFi) platform operated by MANTRA Group, has announced that it has successfully obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows MANTRA to operate as a Virtual Asset Exchange and provide Broker-Dealer and Management and Investment Services.

This achievement marks a significant milestone in MANTRA’s dedication to regulatory compliance, security, and innovation within the rapidly expanding virtual assets ecosystem. The VARA license will not only support MANTRA’s global expansion by introducing a range of innovative, regulatory-compliant financial products tailored to the evolving needs of investors worldwide, but also position the company to further scale operations in the Middle East, focusing on the tokenization of real-world assets (RWAs).

John Patrick Mullin, CEO of MANTRA, stated, “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.”

MANTRA’s Strategic Expansion in the MENA Region

The UAE and the broader MENA region have rapidly become a progressive global hub for Web3 and virtual assets, driven by their regulatory initiatives and frameworks. The acquisition of the VARA license strengthens MANTRA’s regional presence and positions it internationally to deliver unique DeFi products that bridge the gap between decentralized finance and traditional finance.

MANTRA leverages cutting-edge blockchain technology to offer fast, secure, and non-custodial financial services. The platform’s offerings include innovative investment products that combine the benefits of decentralized finance with the protections of traditional finance, such as increased transparency, rapid trade settlement, and enhanced user control over assets.

Commitment to Regulatory Compliance and Innovation

With the VARA license, MANTRA is uniquely positioned to scale its 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 shape the future of virtual assets.”

As MANTRA continues to innovate, the platform plans to launch a variety of unique DeFi products designed to meet the dynamic needs of investors. Each product is developed with strict adherence to local regulations and international policy frameworks, ensuring that users benefit from both security and cutting-edge financial tools.

The full announcement can be found here.

Why This Matters: Impact, Industry Trends & Expert Insights

MANTRA Finance has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant step in its regulatory compliance and expansion efforts in the MENA region.

Recent industry reports indicate that the MENA region, particularly the Middle East, is experiencing substantial growth in DeFi adoption, driven by progressive regulations and high crypto adoption. This aligns with MANTRA’s strategic expansion in the region, leveraging the new license to deliver innovative DeFi products.

A SME10x report highlights that Dubai’s crypto regulation is positioning the UAE as a global leader in cryptocurrency adoption, supported by significant investments and forward-thinking policies. This supports MANTRA’s efforts to align with regulatory standards and expand its operations in a rapidly evolving market.

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