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