Dubai’s Virtual Assets Regulatory Authority (VARA) has signed a Memorandum of Understanding (MoU) with Securitize, a tokenization platform backed by BlackRock, to advance tokenization and digital asset infrastructure in the UAE and Dubai. The agreement establishes a collaborative framework to support regulated tokenization initiatives and strengthen Dubai’s digital asset ecosystem. A VARA spokesperson said the MoU aims to combine VARA’s regulatory perspective with Securitize’s institutional tokenization expertise, though no specific projects have been disclosed. Securitize co-founder and CEO Carlos Domingo called Dubai one of the most forward-looking jurisdictions for digital asset innovation. The news comes amid surging demand for tokenized assets: data from RWA.xyz shows tokenized asset holders grew 103% to 3.2 million over the past 30 days, with total value reaching $38.5 billion. Securitize remains the largest tokenization platform globally with $4.9 billion in assets under management, followed by Ondo Finance at $3.5 billion.
Dubai’s Virtual Assets Regulatory Authority (VARA) has signed a Memorandum of Understanding (MoU) with Securitize, a tokenization platform backed by BlackRock, to advance tokenization and digital asset infrastructure in the UAE and Dubai.
Under the agreement, the two parties will establish a collaborative framework to support regulated tokenization initiatives, foster institutional participation, and strengthen Dubai’s digital asset ecosystem. A VARA spokesperson said the MoU aims to combine VARA’s regulatory perspective with Securitize’s institutional tokenization experience to determine how cooperation can help Dubai develop a trusted, regulated tokenization market. No specific projects have been disclosed at this stage.
Securitize co-founder and CEO Carlos Domingo said Dubai is one of the most forward-looking jurisdictions for digital asset innovation globally, and that working with regulators is crucial for tokenization to move from concept to mainstream financial infrastructure.
The announcement comes as demand for tokenized assets continues to rise. According to data from RWA.xyz, the total number of tokenized asset holders grew 103% to 3.2 million over the past 30 days, while the total value of tokenized assets increased 2% to $38.5 billion. Securitize is currently the world’s largest tokenization platform, with $4.9 billion in tokenized assets under management, followed by Ondo Finance at $3.5 billion.
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