Dubai’s Virtual Assets Regulatory Authority (VARA) has issued new guidelines to clarify the regulatory framework for the tokenization of real-world assets (RWAs). The guidelines aim to provide transparency and legal certainty for businesses and investors engaging in the tokenization of assets such as real estate, commodities, and securities.
Under the new rules, entities involved in RWA tokenization must obtain appropriate licenses and ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The guidelines also emphasize the importance of maintaining accurate records and implementing robust cybersecurity measures.
VARA’s initiative reflects Dubai’s commitment to fostering innovation in the digital asset space while ensuring regulatory compliance and investor protection. By establishing clear rules for RWA tokenization, Dubai aims to position itself as a leading hub for blockchain-based financial services.
