VARA and Securitize sign Dubai tokenization MoU

VARA and Securitize signed a memorandum of understanding to advance tokenization and digital asset infrastructure in the United Arab Emirates and Dubai. The MoU will establish a framework for regulated tokenization initiatives. The framework will support institutional participation. The firms will explore how tokenized financial products should operate under Dubai’s regulatory framework. The agreement includes projects initiated by VARA. No specific projects will be announced at this stage. A VARA spokesperson said the agreement will combine VARA’s regulatory perspective with Securitize’s institutional tokenization experience. Securitize co-founder and CEO Carlos Domingo described Dubai as one of the world’s most forward-looking jurisdictions for digital asset innovation. VARA granted its 50th virtual asset service provider license to Tribe Tokenisation FZE at the beginning of July. Total real-world asset holders rose 103% in the past 30 days to 3.2 million, according to RWA.xyz. The total value of tokenized assets rose 2% to $38.5 billion during the same period, according to RWA.xyz. Securitize has $4.9 billion in tokenized assets under management. Ondo Finance has $3.5 billion in tokenized assets under management and ranks second.