In a significant move for the decentralized finance (DeFi) space, MANTRA has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This regulatory approval marks a crucial milestone in MANTRA’s mission to bridge the worlds of decentralized and traditional finance with compliant investment products tailored for institutional and qualified investors.
Expanding Global Reach with Dubai License
The VASP license positions MANTRA strongly for global expansion, particularly in the Middle East, while reinforcing its strategic focus on tokenizing real-world assets. With the green light to operate as a virtual asset exchange and offer broker-dealer and investment management services in Dubai, MANTRA gains a solid foothold in a region known for its progressive stance on Web3 and digital assets.
Dubai is a leader in crypto regulation. This license is a crucial step in our strategy to bridge DeFi and TradFi, allowing us to offer regulatory-compliant financial products for institutional investors.
– John Patrick Mullin, MANTRA CEO
Regulatory Compliance for Institutional DeFi
MANTRA plans to roll out a suite of DeFi products designed to meet both regional and international regulatory standards. By prioritizing compliance, the platform aims to build trust with institutional users and drive responsible growth in the digital asset space. As CEO John Patrick Mullin emphasized, “Regulatory compliance is fundamental to the trust we build with users.”
The license also enables MANTRA to offer bespoke financial products that cater to the needs and requirements of institutional and qualified investors, capitalizing on Dubai’s crypto-friendly regulatory environment. This regulatory approval reflects MANTRA’s long-term vision of bridging DeFi and traditional finance in a compliant manner.
Tokenizing Real-World Assets
In addition to the Dubai license, MANTRA has been making strategic moves to boost its capabilities in tokenizing real-world assets. Last month, the platform entered a partnership with UAE property giant DAMAC Group to onboard at least $1 billion worth of the firm’s assets onto the blockchain.
Moreover, MANTRA added Google as a primary blockchain validator and infrastructure provider in 2024. The two companies also collaborated on an accelerator program focused on fostering innovation in real-world asset tokenization.
Bridging DeFi and TradFi
MANTRA’s Dubai license and focus on tokenized real-world assets form key components of its overarching strategy to create a bridge between the DeFi ecosystem and the traditional financial system. By leveraging blockchain technology and adhering to regulatory frameworks, the platform seeks to unlock new opportunities for institutional investors to participate in the digital asset space.
- Regulatory-compliant DeFi products for institutions
- Tokenization of real-world assets like property
- Collaborations to drive responsible industry growth
As DeFi continues to mature and converge with traditional finance, platforms like MANTRA that prioritize regulatory compliance and institutional-grade offerings are well-positioned to lead the charge. With its newly acquired Dubai VASP license and focus on tokenized real-world assets, MANTRA is poised to make significant strides in bridging the gap between the two financial realms in a responsible and sustainable manner.
