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      Dubai VARA Partners with Securitize to Enhance Tokenization Framework

      The Dubai Virtual Assets Regulatory Authority (VARA) has entered into a Memorandum of Understanding (MoU) with Securitize, a leading tokenization platform backed by BlackRock. This partnership aims to foster innovation in tokenization and digital asset infrastructure within the UAE and Dubai, establishing a collaborative framework to support regulated tokenization initiatives and enhance institutional participation in the digital asset ecosystem.

      A spokesperson for VARA indicated that the agreement seeks to merge VARA's regulatory insights with Securitize's expertise in institutional tokenization. The goal is to develop a trusted and regulated tokenization market in Dubai, although no specific projects have been announced at this time. Carlos Domingo, co-founder and CEO of Securitize, emphasized that Dubai's progressive stance on digital asset innovation makes it a key player in the global market, and collaboration with regulators is essential for advancing tokenization into mainstream financial infrastructure.

      Investor interest in tokenized assets is on the rise, with data from RWA.xyz showing a 103% increase in the number of tokenized asset holders over the past month, reaching 3.2 million. The total value of tokenized assets has also seen a 2% growth, amounting to $38.5 billion. Securitize currently leads the global market in tokenization, managing assets worth $4.9 billion, while Ondo Finance follows with $3.5 billion.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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