MANTRA is rolling out a new VARA-regulated product, Green Velocity 1, a tokenized green electric motorcycle investment product, while preparing new tokenization projects on its upgraded mainnet and expanding partnerships across the United Arab Emirates, general manager Ekin Gultepe said.
New green EV product brings Dubai bikes on-chain
Speaking on the sidelines of the AIBC Eurasia Summit in Dubai, Gultepe told Times Crypto that MANTRA has started onboarding its VARA-regulated Green Velocity investment project in collaboration with Pyse, which consists of a token backed by real-world delivery bikes already operating in Dubai and is offered through the MANTRA finance platform.
He said the “Know Your Customer” (KYC) process for investors has opened and that subscriptions for the product are due to begin next week, with a four-year maturity and an expected yield of roughly 16.6 percent.
Gultepe described the launch as a live example of how a traditional delivery business with physical assets and steady cash flows can move on-chain and reach investors in a regulated way, rather than remaining at the pilot or proof-of-concept stage.
Licenses, upgrades and new products at MANTRA
Looking back over the past two years, Gultepe said MANTRA has focused on securing and building around a VARA license designed for real-world assets, together with distribution, tax management, and asset investment licenses that he sees as giving the project a strategic position in regulated tokenization.
He said MANTRA’s long-term aim is to become a “ledger of record” for real-world assets and that the team selects validators with institutional backgrounds to support that role, while the wider ecosystem is being built around regulated, institutional-grade products.
After a recent mainnet upgrade, Gultepe said MANTRA plans to bring more liquidity onto its chain and list a wider range of tokenized assets, mentioning potential products linked to agricultural commodities and bond-style structures as examples of what could come next.
Gultepe added that MANTRA has entered a strategic partnership with Inveniam, a US-based data and AI infrastructure firm backed by G42 and Mubadala, whose asset data will be recorded on the MANTRA chain.
UAE shifts from pilots to institutional tokenization
Gultepe said many of MANTRA’s partnerships and projects are anchored in the UAE because authorities and institutions are using technologies such as blockchain and artificial intelligence under forward-looking frameworks.
Despite this, Gultepe noted that the presence of several regulatory bodies with different rule books can create friction and affect the development of secondary markets for tokenized assets.
Over time, he expects more consolidated regulations that set out how tokenized assets can be issued, traded, and held, and he believes this will help deepen liquidity, build trust, and allow secondary markets to grow.
Gultepe added that the UAE is already moving from experimental projects to institutional adoption, pointing to a surge in tokenized projects in real estate, gaming, and regional institutional products, and said this is why MANTRA views Dubai and the wider UAE as a strategic base for its next phase of growth.
