Tokinvest, a marketplace for real-world asset investments, has become the first company within Dubai’s DMCC International Business District to receive a full market licence from the Dubai Virtual Assets Regulatory Authority (VARA). This licence allows Tokinvest to operate as a virtual asset broker-dealer, catering to retail, qualified, and institutional investors both in Dubai and internationally.

According to MSN, the company’s platform focuses on tokenizing real-world assets, enabling access to investments for a wider audience, including those with limited capital. The tokenization market is projected to grow rapidly, with forecasts from Roland Berger and BCG predicting it could exceed $10 trillion to $16 trillion by 2030.

Scott Thiel, CEO and co-founder of Tokinvest, highlighted that fractional investment opportunities in prestigious assets will make investing more inclusive and create liquidity for real-world assets. The platform plans to launch tokenized assets from top real estate developers, fund managers, and commodities trading venues in the coming months.

Belal Jassoma, director of ecosystems at DMCC, noted that this milestone reflects Dubai’s progressive regulatory framework and its leadership in the crypto industry. He added that Tokinvest’s success aligns with DMCC’s goal of fostering Web3 adoption and innovation.

With its VARA-approved licence, Tokinvest aims to provide a secure and efficient platform powered by blockchain technology, helping investors access elite products while ensuring robust investor protections.