Pyse and MANTRA Launch Shariah RWA

Ekaterina Bogatyreva

Pyse has received a Non-Objection Certificate from Dubai’s Virtual Assets Regulatory Authority to distribute PYSE Green Velocity 1, a tokenized product backed by lease-based cash flows from electric motorcycles used in Dubai’s last mile delivery sector. The product will be offered locally through MANTRA Finance, a licensed broker-dealer operating under VARA’s VASP framework.

PYSE Green Velocity 1 is designed to fractionalize income generated by electric motorcycles deployed across the city. These vehicles support major food delivery platforms and play a key role in urban logistics, benefiting from lower operating costs and improved efficiency compared to traditional alternatives.

The launch, scheduled for February 10, 2026, follows almost a year of joint work between Pyse, MANTRA Finance, and Shariah advisory firm AmanX to ensure the structure meets both regulatory and Shariah compliance requirements.

Image: Freepik

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