Million Raised by MANTRA Chain for Tokenization of RWA with Middle Eastern Partner

A project focused on the Middle East, MANTRA, is close to finalizing the acquisition of licenses from Dubai’s crypto regulator VARA, according to founder John Patrick Mullin. These approvals are crucial for MANTRA’s goal of establishing and running a range of compliance-oriented tools for the issuance and trading of RWAs. MANTRA aims to play a significant role in the crypto space in the region with its innovative approach to regulation and compliance. This development highlights the increasing interest and investment in crypto and blockchain technology in the Middle East. MANTRA’s licensing progress signifies a positive step towards legitimizing and mainstreaming the use of digital assets in Dubai and the wider Middle East region. Stay tuned for more updates on MANTRA’s project and its impact on the crypto industry in the Middle East.

spot_img

More from this stream

Recomended

“Pendle (PENDLE) Experiences 90% TVL Increase on Nexo Exchange”

Nexo, a leading regulated digital assets institution, has announced the listing of Pendle’s native token, PENDLE, on its platform. This strategic move comes as Pendle experiences a remarkable surge...

‘New Update for ChatGPT GPT-4 Generating Excitement among Users’

OpenAI has recently made ChatGPT available to users without requiring an account. It’s a big upgrade, making the chatbot even more accessible. However, I explained that...

‘New Investment Cycle of Tekedia Capital Sparks the Start of the March to Unicorns on Monday’

The next edition of Tekedia Capital Syndicate investment cycle begins...

‘Pectra Hard Fork Introduces Social Recovery Feature to Enhance Security’

With the introduction of the innovative social recovery feature, Ethereum users can bid farewell to the anxiety associated with safeguarding their seed phrases. Spearheaded by Ethereum core developer...

‘New Director of Acquisitions and Estates appointed at Popeyes UK’

The appointment is part of the brand’s plans to expand its presence in the UK. Popeyes UK has appointed Peter Gibson as Director of Acquisitions and Estates, following the announcement of plans to...

‘Innovating Payment Systems with New Approaches’

The landscape of payments is undergoing a profound transformation, presenting both challenges and opportunities for financial institutions.Supporting new payment methods such as crypto,...