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

HONG KONG - Decentralized finance (DeFi) platform MANTRA said it secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows the platform to operate as a virtual asset exchange and offer broker-dealer and investment management services in the region.

This license enables MANTRA to act as a virtual asset exchange offering broker-dealer, management, and investment services

Mantra Finance, a top-class decentralized finance and real-world asset tokenization platform, has secured a virtual asset service provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA).

Decentralised finance platform MANTRA has hit a major milestone after it secured a virtual asset service provider license in Dubai. MANTRA, a leading real-world assets player, announced on February 19 that Dubai’s Virtual Assets Regulatory Authority (VARA) has approved its VASP license application,