MANTRA has the first Vara Defi license to open the way of global growth and innovation of financial products.
Dubai, UAE, February 19, 2025 / Prnewswire / – Mantra The Finance FZE (MANTRA), a leading distributed financing (Defi) platform operated by Mantra Group, has successfully obtained the VASP (Virtual Asset Service Provider) license at the VARA today and works as a virtual asset. I announced. Provides exchange, broker dealers and management and investment services.
This is an important milestone in MANTRA’s promise of regulatory compliance, security and innovation within the rapidly growing virtual asset ecosystem. The VARA License introduces a variety of innovative regulatory financial products that meet MANTRA’s global footprint, but also adopts various innovative regulatory financial products that meet the development demands of investors around the world, but provides a variety of regulations that can expand the operation of the Middle East. RWA. It emphasizes MANTRA’s promise to provide the highest level of regulatory supervision and provide transparent, safe and cutting -edge solutions.
“Dubai and VARA, the most timely, comprehensive, and on earth for virtual assets and Web3, have become world leaders in the field of encryption regulations. This license was an important stage of Mantra and was the main stage of our journey to global expansion, ”said Mantra’s CEO John Patrick Mullin.
“The UAE and the extensive Mena region have become a progressive global hub and a prosperous ecological system for Web3 and virtual assets due to regulatory initiatives and frameworks. This license not only strengthens our position in our locally, but also is located internationally to deliver unique Defi products that bridge the gap between distributed and traditional finance. Our goal is to build a future -oriented financial ecosystem that will help institutions and qualified investors worldwide. ”
MANTRA uses cutting -edge blockchain technology to provide fast, safe and non -brushing financial services. The operating of the platform includes innovative investment products that integrate the advantages of distributed financing, and is associated with traditional finance, such as increasing transparency, rapid trade payments and improving user control for assets. The VARA license is in a unique location that can expand these solutions and provide both the UAE’s institutional customers and the qualified investor.
“With this license, MANTRA has joined more and more communities of regulators operating within the UAE, and I’m glad to form a future of virtual assets with industry leaders. “Our compliance is the basis of trust with users and reflects the long -term vision of leading responsible growth in digital asset space.”
As the platform continues to innovate, MANTRA will launch various unique Defi products designed to meet investors’ dynamic needs. Each product is developed by strictly complying with local regulations and international policy frameworks so that users can benefit from security and state -of -the -art financial tools.
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About Mantra
Mantra The chain is a layer 1 block chain created for the purpose of actual assets and can comply with the actual regulatory requirements. As a licensed chain, Mantra Chain gives the developer and institution to smoothly participate in the evolving RWA tokenization space by providing advanced technology modules, compliance mechanisms and crosschain interoperability.