• 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

Ripple's Trust Charter Could Transform Cross-Border Payments

chest

Ripple's trust charter may influence innovations in cross-border payments and regulatory adaptations.

user avatarDavid Robinson

Pakistan Partners with Binance to Explore Asset Tokenization

chest

Pakistan has signed a memorandum of understanding with Binance to explore the tokenization of up to $2 billion in various government-held assets.

user avatarAndrew Smith

Kotak Mahindra AMC Suspends New Investments in Silver ETF

chest

Kotak Mahindra AMC has suspended new investments in its Silver ETF due to a shortage of physical silver and high premiums, effective until at least October 10, 2025.

user avatarJacob Williams

SPX6900 and PEPE Experience Short-Term Pullbacks Amid Market Adjustments

chest

SPX6900 and PEPE have experienced short-term price declines of 5.04% and 7.71% respectively, reflecting typical market adjustments without indicating fundamental weaknesses.

user avatarZainab Kamara

Coinbase Reports Strong Q3 Earnings and Strategic Expansion

chest

Coinbase reported strong Q3 earnings with $19 billion in revenue and $433 million in net income, and announced the acquisition of Echo to expand its services.

user avatarSon Min-ho

Regulatory Challenges and Valuation Pressures for Coinbase

chest

Coinbase faced a €2.15 million fine from Ireland's Central Bank for anti-money laundering control failures, impacting analyst sentiment and leading to multiple downgrades.

user avatarAyman Ben Youssef

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.