Tokinvest receives UAE license for RWA tokenization marketplace

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 July 2024, the company raised $500,000 in pre-seed 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!

???? Read the full article to learn more about this exciting update. https://t.co/oetI2RN03N pic.twitter.com/RaPa9x9H36 — Tokinvest (@Tokinvest_Cap) January 14, 2025

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.

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