Tokinvest Becomes First DMCC Firm to Obtain Full VARA License for RWA Marketplace
Tokinvest, a leading marketplace for real-world asset (RWA) investments, has made history by becoming the first company in Dubai’s DMCC Free Zone to receive a full market license from the Dubai Virtual Assets Regulatory Authority (VARA). This milestone positions Tokinvest as one of the few globally regulated end-to-end platforms for fractionalized real-world asset investments.
The license allows Tokinvest to operate as a virtual asset broker-dealer, enabling it to serve retail, qualified, and institutional investors both within and outside Dubai. The platform leverages blockchain technology to offer seamless and secure access to tokenized assets, further democratizing investment opportunities.
Scott Thiel, CEO and Co-Founder of Tokinvest, highlighted the significance of this achievement: “Today’s news validates our innovative approach to fractional investing and positions us as a trusted partner in the evolving financial landscape.”
Belal Jassoma, Director of Ecosystems at DMCC, added, “This milestone demonstrates Dubai’s leadership in the crypto space, offering a progressive regulatory framework for innovation and security.”
With a strong pipeline of elite assets sourced from real estate developers, fund managers, and commodities trading venues, Tokinvest aims to bring tokenized assets to market in the coming months.
