VARA and Securitize sign MoU to scale tokenization in Dubai

Dubai's Virtual Assets Regulatory Authority (VARA) and Securitize signed a Memorandum of Understanding to advance tokenization in the region. The announcement occurred on Thursday. VARA aims to support projects initiated within its own framework while fostering institutional participation. Both parties seek to strengthen Dubai's digital asset ecosystem and attract talent. Securitize co-founder and CEO Carlos Domingo described tokenization as moving from concept to mainstream financial infrastructure. The initiative covers tokenization initiatives launched by VARA, including specific projects the companies did not name in their statement. Tokenization is gaining traction globally. Days before this agreement, the London Stock Exchange partnered with crypto exchange Kraken for tokenized stock trading on its night-time venue. Neither party provided specific financial figures or dates beyond the Thursday announcement date. The deal focuses on establishing a collaborative framework for regulated digital assets rather than launching an immediate product.