Best crypto insights delivered straight to your inbox.
- RWA tokenization marketplace launches in UAE.
- Tokinvest raised $1.3 millioin in 2024.
- The platform will tokenize real estate assets, and commodities.
Tokinvest, a real world assets (RWA) tokenization marketplace, leveraging blockchain technology, has received a full market license from the Dubai Virtual Assets Regulatory Authority (VARA).
The full market license allows Tokinvest to operate as a Virtual Asset Broker-Dealer; and to serve retail, qualified, and institutional investors in and from Dubai, further enhancing the accessibility and appeal of fractionalized investments.
As per the release, Tokinvest is the first company inside Dubai’s DMCC International Business District to receive an operational VARA license. It will leverage blockchain technology to provide a seamless, secure, and efficient platform for fractionalizing VARA approved real world assets (RWAs).
Tokenized fractionalized investments now accessible to everyone
Founded by Scott Thiel and Matt Blom, the company plans to break down barriers to exclusive investments. The founder saw the potential of virtual asset technology and the VARA framework to make fractionalized investments in premium assets accessible to everyone, in a safe, secure and regulated platform.
In 2024, the company raised $1.3 million in funding from several strategic investors. This came weeks after it received preliminary approval for a crypto broker license in Dubai UAE.
Scott Thiel, CEO and Co-Founder of Tokinvest, stated, “We are thrilled to receive a full market license from VARA. This underscores our commitment to establishing a secure and compliant platform for our clients. We believe that offering fractional investments of the most prestigious assets will democratize access and make it easier for individuals and institutions alike to unlock the value and create liquidity for real-world assets.”
🚀 Big News! Tokinvest is the FIRST in Dubai’s @DMCC to secure a full market licence from VARA for Virtual Asset Broker-Dealer operations!
— Tokinvest (@Tokinvest_Cap) January 14, 2025
📢 Read the full article to learn more about this exciting update. https://t.co/oetI2RN03N pic.twitter.com/RaPa9x9H36
Belal Jassoma, Director of Ecosystems at DMCC added, “Tokinvest’s achievement reflects the leading ecosystem we have established for Web3 businesses and supports our vision to grow web3 adoption and RWA. This milestone demonstrates Dubai’s standing as a pioneering market in the crypto space, with a clear and progressive regulatory framework that enables companies to innovate and operate securely.”
Pipeline of tokenization projects already secured
Tokinvest has secured a pipeline of elite assets from leading real estate developers, fund managers and commodities trading venues and will be bringing these tokenized assets to market in the coming weeks and months. The company is dedicated to fostering a robust ecosystem, facilitating broader access to the best products in the world while prioritizing investor protection.
In December 2024, Tokinvest expanded its collaboration with Universal Digital Payments Network (UDPN) to launch a Tokenized Deposit and Stablecoin Management System.
If you're reading this, you’re already ahead. Stay there with our newsletter.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Lara Abdul Malak
Lara Abdul Malak is a tech journalist for more than 15 years. She covers blockchain, crypto, tokenization and Web3 news coming out of the MENA region. She wrote for Cointelegraph Arabic Middle East. She studied political science at the American University of Beirut. She got interested in blockchain after interviewing Vitalik Buterin in 2014.
CRASH COURSE
- Which cryptocurrencies can make you money
- How to boost your security with a wallet (and which ones are actually worth using)
- Little-known investment strategies that the pros use
- How to get started investing in crypto (which exchanges to use, the best crypto to buy etc)