VARA

The move comes amid rising demand for derivatives exposure in virtual asset markets, as regulators globally seek to address the risks associated with increasingly complex digital financial instruments

The initiative builds on DMCC’s existing work in digital commodities, including its gold-backed digital asset offerings via the Tradeflow platform

Tokinvest’s $3.2m pre-seed round was backed by VCs, family offices and high-net-worth investors, including Triliv Holdings and Exponential Science

The agreement defines a unified registration mechanism for VASPs across both jurisdictions and outlines operational coordination principles based on mutual collaboration and effective oversight

All tokenised offerings during the pilot phase must come from companies licensed by VARA

This move positions Dubai at the forefront of integrating virtual assets into the real estate sector