MANTRA Finance FZE (Mantra), a leading decentralized financial platform (Defi) operated by the Mantra Group, announces today that the supervisory authority for virtual assets (Vara) in Dubai successfully as a license as a provider of virtual assets (virtual asset service Provider, Vasp) received to work as a stock exchange for virtual assets and broker dealers as well as to offer administrative and investment services.
This is an important milestone in Mantra’s commitment to compliance with legal regulations, security and innovation within the rapidly growing ecosystem of virtual assets. The Vara license will not only support the global presence of Mantra in the introduction of a series of innovative, conformity-regulatory financial products that are tailored to the changing needs of investors around the world, but also enable the company to act, its activities to further expand in the Middle East, whereby the focus is on the tokenization of real-world assets (RWAS). It underlines the commitment of mantra, transparent, safe and state -of -the -art solutions and at the same time to meet the highest standards of regulatory supervision.
“By creating a contemporary, comprehensive and generally created framework for virtual assets and web3, Dubai and Vara have become the world in crypto regulation. This license was a crucial step for mantra and an important step on our way to global expansion, “said John Patrick Mulllin, Managing Director of Mantra.
“Thanks to its regulatory initiatives and framework conditions, the VAE and the entire MENA region have quickly become an advanced global turnstile and a flourishing ecosystem for Web3 and virtual assets. This license not only strengthens our regional presence, but also enables us to offer unique defi products at an international level that close the gap between decentralized financing and traditional financing. Our goal is to build a future -oriented financial ecosystem that benefits institutional and qualified investors around the world. “
Mantra uses his state-of-the-art blockchain technology to offer fast, safe and non-attachable financial services. The offer of the platform will include innovative investment products that combine the advantages of the decentralized financial system with the protective mechanisms of the traditional financial system, such as: B. increased transparency, fast trade processing and improved user control via the assets. With the Vara license, Mantra is in a unique position to scale these solutions and offer them both institutional customers and qualified investors in the VAE.
“With the preservation of this license, mantra is part of a growing community of regulated companies that work in the United Arab Emirates, and we look forward to working with industry leaders in order to shape the future of virtual assets,” continues Mullin. ” Compliance with regulations is of fundamental importance for the trust that we build with our users and reflects our long -term vision to promote responsible growth in the field of digital assets. “
In the course of the continuous innovation of the platform, Mantra will launch a variety of unique defi products that are tailored to the dynamic needs of investors. Each product is developed with strict compliance with local regulations and international political framework to ensure that users benefit from both security and the most modern financial instruments.
You can find more information on mantrachain.io.
Information about Mantra: MANTRA Chain is a specially developed layer 1 blockchain for real assets that can meet real regulatory requirements. As a chain-free chain, Mantra Chain enables the seamless participation in the developing RWA tokenization by providing progressive technology modules, compliance mechanisms and cross-chain interoperability.
View original content:https://www.prnewswire.com/news-releases/mantra-sichert-sich-die-erste-vara-defi-lizenz-und-ebnet-damit-den-weg-fur-globales-wachstum-und-innovation-bei-finanzprodukten-302380689.html