DeFi Platform MANTRA Secures Dubai VASP License for Expansion
- MANTRA obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
- The license allows operation as a virtual asset exchange and offers broker-dealer and investment management services.
- CEO John Patrick Mullin emphasized Dubai’s leadership in crypto regulation.
- The platform plans to tokenize real-world assets and focus on regulatory-compliant DeFi products.
- A partnership with DAMAC Group aims to bring $1 billion of assets onto blockchain rails.
MANTRA’s VASP license from VARA enables it to expand operations in the Middle East, focusing on tokenizing real-world assets and offering compliant financial products.
Source (2.6)https://www.coindesk.com/policy/2025/02/19/defi-platform-mantra-secures-dubai-license-expanding-global-reach?rand=52298
