Matthew White, CEO of Dubai’s Virtual Assets Regulatory Authority, recently highlighted the transformative potential of tokenization in reshaping asset ownership and investment opportunities on LinkedIn.
The $500 Billion Race: An Emerging Industry
White noted that the tokenization of real-world assets could reach $500 billion by 2025. Currently, $50 billion in assets have been tokenized, with $30 billion in real estate.
The Role of Stablecoins in Dubai
White highlighted the UAE Central Bank's approval of two AED-backed stablecoin initiatives, aimed at enhancing financial transactions and security.
Islamic Finance and Tokenization: New Horizons
White underscored the potential in tokenizing Shariah-compliant assets, projecting Islamic finance market growth from $4 trillion to $6 trillion by 2026.
Matthew White concluded with a call for collaboration between regulators and financial institutions to create a borderless digital economy, emphasizing reliable regulatory frameworks.
