Mullin emphasized that Dubai's regulatory clarity has fostered a thriving Web3 ecosystem in the UAE, driving institutional adoption of crypto assets.

In January 2025, MANTRA announced a partnership with Dubai's DAMAC Group to tokenize at least $1 billion of the company's assets on the blockchain.

Plans for the future include focusing on the tokenization of real-world assets, with these tokenized assets expected to be available on the MANTRA chain by early 2025.

In 2024, MANTRA partnered with Google to serve as a primary validator and infrastructure provider for its blockchain, also collaborating on an accelerator program for real-world assets.

The OM token has seen a remarkable surge, increasing by 102% over the past month and 3078.5% over the past year, attracting significant investor interest.

Following the announcement of the VASP license, the price of MANTRA's OM token rose by 3%, reaching an intraday high of $7.70.

MANTRA aims to provide users in the UAE with a blend of decentralized finance and traditional finance protections, including transparency and rapid trade settlement.

John Patrick Mullin, CEO of MANTRA, described the VARA license as a critical milestone for the company, essential for building user trust through regulatory compliance.

Overall, MANTRA Finance is positioned to bridge decentralized and traditional finance, enhancing its operational capabilities in a major financial hub.

MANTRA Finance has successfully obtained a Virtual Asset Service Provider (VASP) license from Dubai regulators, enabling it to operate as a trading platform in the UAE.

This license is a crucial step in MANTRA's global expansion strategy, allowing the company to deliver decentralized finance products that integrate traditional finance with DeFi.

With the VASP license, MANTRA aims to enhance its operations in the Middle East, particularly focusing on the tokenization of real-world assets.