- Dubai‘s VARA and BlackRock-backed Securitize signed an MoU to advance tokenization and digital asset infrastructure across the UAE and Dubai
- The agreement establishes a collaborative framework for regulated tokenization initiatives and aims to strengthen institutional participation
- Tokenized asset holders surged 103% to 3.2 million, with total value reaching $38.5 billion
Dubai’s Virtual Assets Regulatory Authority (VARA) and BlackRock-backed tokenization platform Securitize signed a Memorandum of Understanding on Thursday to advance tokenization and digital asset infrastructure across the UAE and Dubai.
The MoU establishes a collaborative framework for regulated tokenization initiatives and fosters institutional participation in Dubai’s digital asset ecosystem. Securitize CEO Carlos Domingo said Dubai has emerged as one of the “world’s most forward-looking jurisdictions for digital asset innovation.”
A VARA spokesperson stated “the intention is to combine VARA’s regulatory perspective with Securitize’s experience in institutional tokenisation to support the development of trusted, regulated tokenised markets in Dubai.” No specific projects were announced at this stage.
Tokenization initiatives are gaining traction globally, with the London Stock Exchange reportedly partnering with Kraken for tokenized stock trading. Meanwhile, investor demand for tokenized assets has surged, with total RWA holders rising 103% in 30 days to 3.2 million, according to data from RWA.xyz.
Total tokenized asset value rose 2% to $38.5 billion. Securitize leads with $4.9 billion in tokenized AUM, followed by Ondo Finance at $3.5 billion. VARA recently granted its 50th VASP license to Tribe Tokenisation FZE.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
