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.