The Dubai Virtual Asset Regulatory Authority (VARA) has granted Tokinvest, a marketplace for real-world assets, a full market license on January 14th, establishing the company as the first to secure such a license in Dubai's DMCC International Business District. This VARA certification expands the accessibility of Tokinvest's platform.

Scott Theil, CEO and Co-Founder, expressed enthusiasm:

“We are thrilled to receive a full market license from VARA. This reinforces our commitment to building a secure and compliant platform for our clients. It validates our innovative approach to fractional investing. We aim to democratize access to prestigious assets.”
(Translation: We are excited to receive a full market license from VARA. This upholds our commitment to creating a secure and compliant platform. It confirms our unique approach to fractional investing and aims to democratize access to valuable assets.)

Tokinvest's licensing coincides with the UAE's emergence as a significant hub for cryptocurrency and financial technology, underscored by increased regulation and the entry of major companies into the market. Noteworthy crypto entities like Tokinvest, Tether, Binance, and Chainlink have strengthened their presence in this region, reflecting the UAE’s favorable regulatory landscape.

Incorporating blockchain technology, Tokinvest is preparing to roll out VARA-approved tokenized real-world assets, aimed at both retail and institutional investors. The fractionalization of assets enables smaller investments, enhancing liquidity and offering diverse investment options.

Explore: Learn more about RWA and the trends shaping this marketplace