• 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

Altcoin Market Shows Early Signs of Stabilization

chest

Recent data indicates that parts of the altcoin market, particularly Total3, are beginning to stabilize despite ongoing geopolitical tensions.

user avatarLuis Flores

Bitcoin Surges Above 70K Amid Mixed Market Signals

chest

Bitcoin's price recovery above $70,000 has sparked renewed interest and discussions on social media, despite ongoing market uncertainties.

user avatarArif Mukhtar

Cardano's DeFi Activity Surges with New Stablecoin Integration

chest

Cardano has experienced a significant rise in DeFi activity, with total value locked increasing from 447 million ADA to 552 million ADA in 12 days, following the integration of the USDCx stablecoin.

user avatarMaria Gutierrez

Rising Supply in Loss Indicates Increasing Market Stress for Bitcoin

chest

A report highlights a rise in Bitcoin's Supply in Loss, indicating growing market stress as more investors hold coins at a loss.

user avatarDavid Robinson

CryptoBull Unveils Detailed XRP Price Projection

chest

Crypto analyst CryptoBull presents a five-wave roadmap for XRP's price movement, predicting significant fluctuations in the coming months.

user avatarAndrew Smith

AI Chatbots' Emotional Impact on Teen Users Raises Concerns

chest

Recent studies reveal that many teenagers rely on AI chatbots for companionship, raising concerns about emotional overreliance and potential risks.

user avatarTando Nkube

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.