Tokinvest, a trailblazer in real-world asset (RWA) investment, has become the first company within Dubai’s DMCC International Business District to secure a full market license from the Dubai Virtual Assets Regulatory Authority (VARA). This achievement positions Tokinvest among a select few globally regulated platforms offering end-to-end solutions for fractionalized investments in premium assets.
Founded by Scott Thiel and Matt Blom, Tokinvest is driven by a vision to democratize access to exclusive investments. The duo leveraged virtual asset technology and VARA’s robust framework to create a safe, secure, and compliant platform that enables retail, qualified, and institutional investors to unlock value in high-end real-world assets.
Scott Thiel, CEO and Co-Founder of Tokinvest, expressed enthusiasm about the milestone, saying, “We’re thrilled to receive VARA’s full market license, reaffirming our dedication to providing a secure and innovative platform. This development paves the way for individuals and institutions to access prestigious assets, democratizing investments while creating liquidity for real-world assets.”
The VARA license empowers Tokinvest to operate as a Virtual Asset Broker-Dealer, enhancing Dubai’s standing as a global hub for virtual assets. It enables the platform to offer fractionalized investments while ensuring compliance and security for its clients.
Belal Jassoma, Director of Ecosystems at DMCC, highlighted the significance of this achievement: “Tokinvest’s success showcases the robust ecosystem we’ve built for Web3 businesses and underscores Dubai’s leadership in the crypto space. This milestone reflects our commitment to fostering innovation and providing companies with the regulatory clarity they need to scale and thrive in global markets.”
With its newly acquired license, Tokinvest is set to launch a series of tokenized premium assets sourced from top real estate developers, fund managers, and commodities trading platforms. By leveraging blockchain technology, the company aims to provide a seamless, secure, and efficient platform for its users, making exclusive investments more accessible than ever.
This groundbreaking achievement solidifies Tokinvest’s role as a trusted pioneer in the evolving financial landscape, aligning with Dubai’s vision to drive Web3 adoption and expand opportunities in the virtual asset sector.
