Dubai's VARA Shifts Regulatory Focus to Asset Tokenisation
- —VARA stresses real-world utility of tokenised assets beyond digital representation
- —Priority areas include settlement infrastructure and real estate tokenisation
- —Regulator aims to establish clear links between virtual assets and legal rights
- —Initiative targets integration of tokenised assets into traditional finance
Why it matters: Clearer VARA tokenisation rules could draw traditional financial institutions into the UAE digital asset market.
Source: Coinfomania