The Dubai regulatory organization VARA has issued a VASP license to the platform Mantra, opening new opportunities for DeFi services and the tokenization of real assets in the region

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The Dubai regulatory organization VARA has issued a VASP license to the platform Mantra, specializing in the tokenization of real assets. This is the first case for a DeFi platform in Dubai. The license allows Mantra to provide exchange, brokerage, and investment services for virtual assets. This is an important step for the growth of the cryptocurrency industry in the region, which is actively developing liberal regulation in the blockchain sphere. As part of its expansion, Mantra has signed strategic partnerships, including a deal with Damac Group worth one billion dollars for the tokenization of assets.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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