Daman Virtual Pitches Dubai as Tokenisation Hub as Citi, HSBC Expand
- —Daman Virtual holds a broker-dealer licence from regulator VARA
- —The forum was co-hosted with Dubai's Department of Economy and Tourism
- —Daman Crypto offers dirham settlement and access to UAE banks
- —Competition is rising as Citi, HSBC and JPMorgan expand digital-asset services
Why it matters: Dubai is cementing its tokenisation hub status, but competition from global banks is intensifying.
Source: Coin Edition