• 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

Taiwan Should Consider Bitcoin as a Reserve Asset, Says Think Tank

chest

A think tank suggests Taiwan adopt Bitcoin to hedge against geopolitical risks.

user avatarMaya Lundqvist

Cathie Wood Remains Optimistic About Bitcoin Amid Price Drops

chest

Cathie Wood expresses optimism about Bitcoin's long-term value despite recent price drops.

user avatarKaterina Papadopoulou

Kalshi Onboards Ex-Democratic Strategist Amid Legal Troubles

chest

Kalshi hires former Democratic strategist Stephanie Cutter as a policy adviser amid legal scrutiny from U.S. state authorities.

user avatarLeo van der Veen

Oracle Faces Major Layoffs Amid AI Infrastructure Push

chest

Oracle has announced significant layoffs affecting 10,000 to 30,000 employees amid financial pressures related to its AI infrastructure push.

user avatarAisha Farooq

AI Facility Projects in the US Face Significant Delays

chest

A recent report reveals that 30 to 50% of large AI facilities planned for the US this year may face delays or be scrapped due to power supply issues.

user avatarLi Weicheng

OpenAI's UK Facility Plans Halted Amid Broader Industry Challenges

chest

OpenAI's plans to establish a major AI facility in the UK have been halted, raising concerns about AI infrastructure development.

user avatarTenzin Dorje

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.