Non-liability clause: It is a sponsored press release. Readers must conduct their own research before taking any measure linked to the content mentioned in this article. Learn even more>
Dubai, water, February 19, 2025 / Prnewswire / – Mantra Finance Fze (Mantra), a leading financial platform (DEFI) operated by Mantra Group, announces today that it has successfully obtained a virtual Asset Service Provider (VASP) from the Virtual Assets Reguulatory Authority ( Vara), to operate as an Exchange virtual asset, as well as to provide brokers and management and investment services.
This marks an important step in Mantra’s commitment to regulatory, safety and innovation in the ecosystem of rapidly growing virtual assets. The Vara license will not only support the Mantra global imprint because it introduces a range of innovative financial products and in accordance with the regulations adapted to the evolution of the world’s real assets in the world (RWAS). He underlines Mantra’s commitment to provide transparent, secure and advanced solutions while meeting the highest regulatory surveillance standards.
“By establishing the most appropriate, complete and most constructed framework from the field for virtual and web3 assets, Dubai and Vara have become global leaders in cryptographic regulations. This license was a crucial step for the mantra and a key step in our journey to global expansion, “said John Patrick Mullin, CEO of Mantra.
“The Water region and the wider MENA region quickly became a progressive world center and a prosperous ecosystem for the web3 and virtual assets because of their initiatives and regulatory executives. This license not only strengthens our regional presence, but it positions us internationally to provide unique DEFI products that fill the gap between decentralized finance and traditional finance. Our goal is to build a financial ecosystem focused on the future that benefits institutional and qualified investors in the world. »»
Mantra operates its cutting -edge blockchain technology to provide fast, secure and non -guardian financial services. The platform offers will include innovative investment products that merge the advantages of decentralized finance with traditional finance protections, such as increased transparency, rapid commercial regulations and increased user control over assets. With the VARA license, Mantra is only positioned to develop these solutions and offer them both institutional customers and qualified investors to water.
“By obtaining this license, Mantra joins a growing community of regulated entities operating in water, and we are delighted to work alongside industry leaders to shape the future of virtual assets,” added Mullin. “Our regulatory compliance is fundamental for the confidence we build with users, and it reflects our long -term vision to stimulate responsible growth in the space of digital assets.”
While the platform continues to innovate, Mantra will launch a variety of unique DEFI products designed to meet the dynamic needs of investors. Each product is developed with strict compliance with local regulations and international policy executives, ensuring that users benefit from both financial and advanced financial tools.
For more information, visit mantrachain.io.
About the mantra
Mantra The chain is a layer 1 blockchain specially designed for active worlds, capable of adherence to the regulatory requirements of the real world. As a chain without permission, Mantra Chain authorizes developers and institutions to participate transparently in the evolution space of RWA tokenization by offering advanced technology modules, conformity mechanisms and cross interoperability.
