Dubai’s Virtual Assets Regulatory Authority (VARA) and Securitize have signed a memorandum of understanding to explore tokenisation and digital asset infrastructure across the emirate.
The agreement is a broad cooperation framework, not an announcement of a specific tokenised product or technology platform. A VARA spokesperson told Cointelegraph that no concrete projects have been announced at this stage.
The two organisations will assess potential tokenisation initiatives, including projects led or facilitated by VARA and others across Dubai’s virtual asset ecosystem. Their cooperation will also cover ecosystem development, talent attraction, market education, data-driven research and the development of tokenised financial products within Dubai’s regulatory framework.
Securitize co-founder and CEO Carlos Domingo said collaboration between regulators and industry is becoming increasingly important as tokenisation develops into mainstream financial infrastructure. VARA CEO Matthew White said regulatory frameworks and market infrastructure would be key to building institutional confidence in digital assets.
The agreement follows VARA’s issuance of its 50th virtual asset service provider licence to tokenisation platform Tribe Tokenisation FZE in early July 2026. Securitize, which is backed by BlackRock, has $4.9 billion in tokenised assets under management, according to Crypto Economy, compared with $3.5 billion for Ondo Finance.
Source: Fintech News UAE
