The launch of Mantra’s $108 million Ecosystem Fund (MEF) follows Mantra becoming the first DeFi platform to receive a VASP license under Dubai’s Virtual Assets Regulatory Authority (VARA).

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The launch closely follows Mantra becoming the first project to obtain a full VASP license from Dubai’s VARA
The launch of the fund comes a month after Mantra became the first DeFi platform to obtain a virtual asset service provider (VASP) license under Dubai’s Virtual Assets Regulatory Authority (VARA).