Asset tokenization has emerged as one of the most significant developments in global finance. By converting real-world assets into digital tokens on a secure distributed ledger, tokenization creates new pathways for ownership, participation, and liquidity. This concept is gaining traction not only in technology circles but also among private banks, family offices, external asset managers (EAMs), and wealth-management firms seeking more flexible investment structures.
The Securities and Commodities Authority (SCA), the United Arab Emirates’ regulator overseeing securities, commodities, and financial markets, and the Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), recently announced a Memorandum of Understanding (MoU) aimed at enhancing audit oversight and fostering greater regulatory cooperation between the two organisations.
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