UAE real estate developer MAG has signed a significant tokenization deal worth $3 billion with MultiBank Group, a financial derivatives institution based in Dubai. This partnership follows a previous agreement where MAG had entered into a $500 million deal with Mantra Chain. The new collaboration also involves Mavryk, a provider of blockchain tokenization infrastructure. According...
MAG, a prominent real estate developer in the UAE, has entered into a significant $3 billion tokenization agreement with MultiBank Group, the largest financial derivatives institution in the world, based in Dubai. This partnership marks the largest initiative of its kind for tokenizing real-world assets (RWA) globally and is set to facilitate the launch of...
Under the prestigious Dubai Token 2049 banner, Meta Crypto Oasis 2025 is set to become one of the year’s most significant Web3 events. Sponsored by FEC, this global gathering will highlight how everyday actions can be transformed into real digital value, reinforcing Dubai’s status as a global epicenter of innovation and ambition. More than just...
Abu Dhabi Global Market (ADGM), the primary International Financial Centre (IFC) in the capital of the UAE, has officially signed a Memorandum of Understanding (MoU) with Chainlink, a leader in on-chain finance. This partnership is a significant advancement in developing compliant frameworks for tokenization. The collaboration aims to support innovative projects under ADGM’s Registration Authority...
Real-world asset (RWA) tokenization is experiencing significant growth in the United Arab Emirates, as industry players seek to meet the rising demand for blockchain-based asset trading. This process involves converting financial and tangible assets into tokens on a blockchain, which enhances accessibility and liquidity for traditionally illiquid assets. As of February 3, the cumulative all-time...
The Virtual Assets Regulatory Authority (VARA) in Dubai gave Mantra Finance a permission to be a Virtual Asset Service Provider (VASP). This important development allows Mantra Finance to expand its operations in the UAE and the wider MENA region, positioning itself as a key player in the digital asset market. Now that Mantra Finance has...
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....