The Virtual Assets Regulatory Authority (VARA) in Dubai gave Mantra Finance a permission to be a Virtual Asset Service Provider (VASP). This important development allows Mantra Finance to expand its operations in the UAE and the wider MENA region, positioning itself as a key player in the digital asset market.

Now that Mantra Finance has its new license, it can act as a digital asset market and offer a variety of financial services, such as brokerage, management, and investment solutions. This license not only makes Mantra more credible in the growing digital asset market, but it also shows that Dubai is serious about making sure that cryptocurrency companies have a strong regulatory environment.

The CEO of Mantra, John Patrick Mullin, praised Dubai and VARA for building a strong foundation for Web3 and virtual assets. He said that this clarity in regulations has been very important in making the Web3 ecosystem grow in the UAE and the MENA area. Mantra Finance is prepared to provide institutional clients and eligible investors in the United Arab Emirates with top-notch financial services now that the license has been obtained.

Mantra Finance leverages blockchain technology to offer fast, secure, and non-custodial financial services. The company aims to merge the advantages of decentralized finance (DeFi) with the security of traditional financial systems, ensuring greater transparency, faster trade settlements, and enhanced user control over assets. Furthermore, the license will enable Mantra to develop financial products that align with regulatory standards.

Mullin highlighted that Mantra’s next focus will be on integrating real-world assets (RWAs) onto the blockchain. He pointed out that the increase in crypto ETF inflows last year indicated that regulatory frameworks significantly influence institutional adoption of digital assets.

At first, Mantra will focus on institutional investors working on big tokenization projects. In the future, they plan to make chances available to individual investors as well. As the company grows its services, it is committed to compliance and protecting investors. It knows that tokenization can make it easier for investors to get in.

Mantra Finance is already collaborating with notable institutions in the UAE, such as Damac, Libre, MAG, Novus Aviation, and Zand, to transition billions in assets onto the blockchain. Mullin noted that updates on new projects aimed at tokenizing assets across various industries, markets, and classes will be shared by the end of this quarter and into the next.

As Mantra Finance continues to grow, it is set to introduce innovative DeFi products designed to meet the evolving demands of investors in the cryptocurrency landscape.