{"id":47765,"date":"2025-02-19T13:28:23","date_gmt":"2025-02-19T13:28:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/defi-platform-mantra-finance-obtains-vasp-license-in-the-uae\/"},"modified":"2025-02-19T13:28:23","modified_gmt":"2025-02-19T13:28:23","slug":"defi-platform-mantra-finance-obtains-vasp-license-in-the-uae","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/defi-platform-mantra-finance-obtains-vasp-license-in-the-uae\/","title":{"rendered":"DeFi platform MANTRA Finance obtains VASP license in the UAE"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1698941098907-d797239f-8d7e-48d1-9140-bf075084fd71-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1698941098907-d797239f-8d7e-48d1-9140-bf075084fd71-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1698941098907-d797239f-8d7e-48d1-9140-bf075084fd71-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1698941098907-d797239f-8d7e-48d1-9140-bf075084fd71-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>MANTRA has secured a VASP license in UAE from VARA.<\/li>\n<li>MANTRA can now offer its DeFi products to both institutional clients and qualified investors within the UAE.<\/li>\n<li>The OM token, which has been on a strong bullish trend, jumped by 3% after the license announcement.<\/li>\n<\/ul>\n<p>MANTRA Finance has successfully secured a Virtual Asset Service Provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA).<\/p>\n<p>This license marks a pivotal moment for MANTRA, enabling it to operate as a regulated trading platform within the United Arab Emirates.<\/p>\n<h2>MANTRA Finance\u2019s entry into UAE\u2019s crypto market<\/h2>\n<p>With the license, MANTRA Finance, known for its focus on bridging the gap between decentralized and traditional finance, positions itself at the forefront of the UAE\u2019s burgeoning crypto market.<\/p>\n<p>The regulatory approval not only underscores MANTRA\u2019s commitment to compliance but also amplifies its operational capabilities in one of the world\u2019s fastest-growing financial hubs.<\/p>\n<p>The VASP license empowers MANTRA to offer a suite of <a href=\"https:\/\/coinjournal.net\/news\/tag\/defi\/\">DeFi<\/a> products to both institutional clients and qualified investors within the UAE. These products aim to combine the benefits of DeFi like transparency, rapid trade settlement, and enhanced user control with the security and trust associated with traditional financial systems.<\/p>\n<p>Initially, MANTRA had partnered with Dubai-based DAMAC Group to offer token-based financing for real-world assets valued at a minimum of $1 billion.<\/p>\n<p>John Patrick Mullin, CEO of MANTRA, highlighted the importance of this license, stating, \u201cThis license not only strengthens our presence regionally, it positions us internationally to deliver unique DeFi products that bridge the gap between decentralized finance and traditional finance.\u201d Mullin emphasized that regulatory compliance is foundational in building trust with users, which is crucial for the platform\u2019s expansion and the broader acceptance of DeFi solutions.<\/p>\n<p>Looking ahead, MANTRA has plans to deepen its roots in the Middle East by focusing on the tokenization of real-world assets. This aligns with their recent partnership with Dubai-based DAMAC Group, announced in January, to facilitate token-based financing for assets valued at over $1 billion. These tokenized assets are set to be exclusively available on the MANTRA chain by early 2025, further integrating traditional asset classes into the DeFi ecosystem.<\/p>\n<h2>MANTRA (OM) price surges<\/h2>\n<p>Following the announcement, the price of MANTRA\u2019s native token, OM, jumped to an intraday high of $7.70 before stabilizing at $7.53 at press time.<\/p>\n<p>The token has been on a sustained bullish trend, rising by 102% over the past month and by 3078.5% over the past twelve months <a href=\"https:\/\/www.coingecko.com\/en\/coins\/mantra\">according to CoinGecko<\/a>, making it attract attention from investors and traders alike.<\/p>\n<p>With the VASP license approval, the token is expected to see further gains, potentially hitting $10.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/defi-platform-mantra-finance-obtains-vasp-license-in-the-uae\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) MANTRA has secured a VASP license in UAE from VARA. MANTRA can now offer its DeFi products to both institutional clients and qualified investors within the UAE. The OM token, which has been on a strong bullish trend, jumped by 3% [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":47766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47765"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47765"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47766"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}