Hi all,
Huge milestone in RWA tokenization: Dubai’s VARA and DLD recently approved the region’s first legally enforceable framework for Asset‑Referenced Virtual Assets (ARVAs) — this includes tokenized real estate, private debt, commodities, Islamic finance instruments, and more.
They’ve also launched Prypco Mint, a pilot allowing UAE ID holders to purchase fractional property tokens on the XRP Ledger, starting at just AED 2,000 (~USD 545) It’s government‑backed and fully integrated with the official land registry — a major shift from theoretical tokenization to real, accessible digital asset ownership .
I’d love to hear your thoughts: does Dubai’s regulatory clarity and government support mark the start of a global RWA era? What barriers remain for wider token adoption — licensing, custodianship, secondary markets?
Let’s discuss how these developments might reshape global finance!