Mantra Finance Lands Dubai Crypto License – Big Plans for DeFi and Tokenization!

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Recently, Mantra Finance, a decentralized finance and asset tokenization platform has just secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This major milestone allows Mantra to expand its reach in the UAE and across the MENA region.

With this license, they can now operate as a digital asset exchange and offer broker-dealer, management, and investment services. 

Dubai and UAE Lead the Way with Clear Crypto Regulations

Dubai and the UAE are quickly becoming global leaders in the cryptocurrency space, due to their well-structured regulatory frameworks that attract digital asset companies. Mantra CEO John Patrick Mullin praised Dubai and VARA for their forward-thinking approach, as he noted that by creating a comprehensive, ground-up framework for virtual assets and Web3, Dubai and VARA have set the standard in crypto regulation.

He also emphasized that securing the VARA license is a crucial milestone for Mantra and a key move in its journey toward global expansion.

Mullin highlighted that the UAE and the MENA region have fostered a thriving Web3 ecosystem through clear regulations. With the new license, Mantra could offer decentralized finance products that seamlessly connect DeFi with traditional finance.

With its new VARA license, the platform is set to expand its offerings, providing top-tier financial services to institutional clients and qualified investors across the UAE.

The license will help Mantra speed up the creation of regulatory-compliant financial products to improve its ecosystem. Mullin emphasized that the next phase, focused on “real rollout of RWAs,” will be driven by regulation. He pointed to the surge in Crypto ETF inflows last year, emphasizing that ‘Regulation drives institutional adoption.’

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Notably, Mantra will initially focus on institutional investors involved in large-scale tokenization projects. Retail investors will be able to access these opportunities in the future. While tokenization lowers barriers, Mantra will prioritize compliance and investor protection as it expands accessibility.

Besides, Mantra is already collaborating with major institutions in the UAE, including Damac, Libre, MAG, Novus Aviation, and Zand, to bring billions in assets onchain. “By the end of this quarter, and into the next, we’ll be sharing updates on new projects we are working on that will tokenize assets across multiple industries, markets and classes,” Mullin added.