Dubai’s virtual asset landscape welcomes a significant development as Tokinvest DMCC secures a full market license. The real-world asset tokenization platform marks a significant milestone as the first company in Dubai’s DMCC International Business District to receive this operational approval from VARA.
Building on Early Success
The platform’s journey began with a provisional broker-dealer license in mid-2024. After raising $500,000 in pre-seed funding, Tokinvest expanded its technological infrastructure and team capabilities. Their recent partnership with YallaValue added another dimension to their services by providing neutral property evaluations for tokenized real estate investments.
The company recently launched a Tokenized Deposit and Stablecoin Management System with Universal Digital Payments Network. Their collaboration enables banks and corporations to launch and manage tokenized deposits through a unified platform.
What’s Next For Tokinvest?
The full market license allows Tokinvest to operate as a Virtual Asset Broker-Dealer in Dubai’s growing crypto ecosystem. They can now serve retail, qualified, and institutional investors, making fractional investments more accessible. The platform specializes in creating virtual tokens representing rights to various real-world assets, from real estate to financial instruments.
Scott Thiel, CEO and co-founder, has been instrumental in shaping the company’s vision. Under his leadership, Tokinvest developed comprehensive services covering the entire digital token lifecycle. The platform aims to break down barriers to exclusive investments through its secure and regulated environment.
Looking ahead, Tokinvest has secured a pipeline of elite assets from leading real estate developers and fund managers. These tokenized assets will be brought to market in the coming weeks. The timing aligns with Dubai’s push to become a global hub for digital assets, supported by the DMCC Crypto Centre’s robust infrastructure.
The DMCC’s ecosystem has become a leading force in the rapidly evolving crypto and blockchain economy. With Dubai positioned within eight hours’ flying time of markets accounting for 65% of global GDP, the location offers strategic advantages for digital asset companies. The crypto center provides cutting-edge infrastructure and comprehensive services that support the diverse needs of blockchain companies.
Moreover, the platform’s growth trajectory reflects Dubai’s commitment to fostering innovation while maintaining regulatory oversight. Property transactions in Dubai reached AED 893 billion in 2024, showing a 41% increase from the previous year. This growth in the real estate sector presents significant opportunities for Tokinvest’s tokenization platform.
Belal Jassoma, Director of Ecosystems at DMCC, views this achievement as a reflection of their leading ecosystem for Web3 businesses. This milestone demonstrates Dubai’s position as a pioneering market in the crypto space. With clear regulatory frameworks in place, companies like Tokinvest can continue to innovate while maintaining operational security.
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