• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Tokinvest Granted Full VARA License for Operations in Dubai

user avatar

by Giorgi Kostiuk

a year ago

Tokinvest, a real world assets tokenization platform, has received a full license from Dubai's Virtual Assets Regulatory Authority.

Tokinvest Begins Operations in Dubai

Tokinvest is the first company within Dubai's DMCC International Business District to receive a VARA license for virtual asset operations. It will use blockchain technology to provide a secure and efficient platform for the tokenization of real assets.

Company Plans and Objectives

Founded by Scott Thiel and Matt Blom, Tokinvest aims to make premium asset investments accessible to a wider audience. In July 2024, the company raised $500,000 in pre-seed funding.

Future Projects and Collaborations

Tokinvest has secured partnerships with leading developers and trading platforms to bring tokenized assets to market. In December 2024, it expanded collaboration with Universal Digital Payments Network (UDPN) to launch a stablecoin management system.

Tokinvest’s achievement reflects the ecosystem we are building for Web3 businesses. Dubai positions itself as a leader in the crypto market with a forward-thinking regulatory approach.Belal Jassoma, Director of Ecosystems at DMCC

Obtaining the license allows Tokinvest to expand and build a robust platform for asset tokenization, enhancing investment opportunities in Dubai.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

UK Gambling Commission's Crypto Payment Review Linked to FCA's New Framework

chest

The UK Gambling Commission's potential move to allow cryptocurrency payments at licensed gambling venues is linked to the FCA's new oversight framework for cryptocurrencies.

user avatarGustavo Mendoza

UK Gambling Commission Explores Cryptocurrency Payments Amid Illegal Gambling Concerns

chest

The UK Gambling Commission is exploring the possibility of allowing cryptocurrency as a payment method for licensed online gambling platforms due to rising illegal gambling activities.

user avatarRajesh Kumar

Apple's Strategic Advantage in AI Amidst Market Challenges

chest

Jim Cramer highlights Apple's strategic advantage in the AI sector through its Google Gemini deal, despite concerns over stock performance.

user avatarMiguel Rodriguez

Stablecoins Expected to Gain Momentum in Mainstream Payments

chest

Stablecoins are increasingly viewed as a disruptive force in global payments, with significant growth projected.

user avatarLuis Flores

Bitcoin Price Analysis Predicts Bottom Before Next Halving

chest

Crypto analyst Blockchainedbb forecasts a potential price bottom for Bitcoin in late Q4 2024, based on historical halving cycles.

user avatarArif Mukhtar

Bitcoin Accumulation Rises Despite Market Downturn

chest

Bitcoin accumulation rises among seasoned investors despite market downturn.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.