MANTRA Receives UAE FIRST DeFi License to Operate Virtual Asset Exchange and Integrated Financial Services

Recently, MANTRA announced on X that it has successfully obtained the decentralized finance (DeFi) operating license issued by the UAE Dubai Virtual Asset Regulatory Authority (VARA), officially obtaining the qualification to operate a virtual asset exchange, and is allowed to provide brokerage, asset management, and investment services. This license is a comprehensive Financial Services license issued by the UAE regulatory authority for the Web3 field, marking MANTRA as a licensed DeFi protocol in the Middle East.

 

This license landing is seen as a key progress in MANTRA's global compliance strategy, clearing regulatory barriers for its on-chain financial business in the Middle East. According to the license details, MANTRA will be able to legally operate the digital asset spot and derivative trading market, while providing regulated asset custody, investment portfolio management and other services for institutional and individual users.