Dubai, United Arab Emirates: Tokinvest becomes first DMCC firm to get full licence for its RWA marketplace. Today, Tokinvest, a leading company in real asset investment, announced that it has obtained a full market license from the Dubai Virtual Assets Regulatory Authority (VARA). With this achievement, Tokinvest becomes the first company to secure an operational license from VARA within the Dubai Multi Commodities Centre (DMCC) Free Zone. Moreover, it is among the few platforms globally offering comprehensive real asset investment services in full compliance with the highest regulatory standards.
Tokinvest was founded by Scott Thiel and Matt Blum with the mission of removing barriers that prevent investors from accessing exclusive investment opportunities. Addressing the limited options available to many investors, they envisioned leveraging virtual asset technologies and establishing a framework regulated by VARA in Dubai. This enables everyone to access fractional investments in premium assets through a secure, reliable, and regulated platform.
On this occasion, Scott Thiel, CEO and Co-Founder of Tokinvest, expressed his delight at the company’s receipt of a full market license from VARA, emphasizing the firm’s commitment to providing a platform that is safe and fully compliant with the highest regulatory standards. He added:
“This achievement validates our innovative approach to fractional investing and positions us as a trusted partner in the evolving financial landscape.” He noted that offering fractional investments in premium assets will broaden the beneficiary base, provide both individuals and institutions the opportunity to easily access their value, and create liquidity for real assets.
The full market license also allows Tokinvest to operate as a virtual asset intermediary, serving investors, including individuals and institutions, within Dubai and globally. This, in turn, enhances the ease and attractiveness of fractional investments.
Bilal Jassouma, Head of Business Systems at DMCC, commented:
“This accomplishment by Tokinvest reflects the leading ecosystem we have built for Web3 companies and supports our vision to grow the adoption of Web3 and tokenized real assets. It underscores Dubai’s position as a pioneering crypto market, with a clear and progressive regulatory framework that empowers companies to innovate and operate safely. We are proud to support Tokinvest and all member companies in expanding their businesses and accessing global markets within DMCC’s international business hub.”
With this license, Tokinvest will leverage blockchain technology to offer a seamless, secure, and efficient platform for tokenizing real assets approved by VARA. Notably, Tokinvest has already secured a substantial portfolio of premium assets from leading property developers, fund managers, and commodity trading hubs, and plans to launch these tokenized assets in the market in the coming weeks and months. The company is committed to building a robust system that enhances access to world-class products while prioritizing investor protection.
