Tokinvest Becomes First DMCC Free Zone Company to Receive Full Market Licence

Tokinvest, a pioneering marketplace for real-world asset investing, today announced it has received a full market licence from the Dubai Virtual Assets Regulatory Authority (VARA). 

Tokinvest is the first company inside Dubai’s DMCC International Business District to receive an operational VARA license and one of only a handful of regulated end-to-end real-world asset investing platforms globally.

The company was founded by Scott Thiel and Matt Blom to break down barriers to exclusive investments. Frustrated by the lack of access for most investors, they saw the potential of virtual asset technology and the VARA framework to make fractionalised investments in premium assets accessible to everyone - in a safe, secure and regulated platform.

Scott Thiel, CEO and Co-Founder of Tokinvest, said, “We are thrilled to receive a full market licence from VARA.  This underscores our commitment to establishing a secure and compliant platform for our clients. Today’s news validates our innovative approach to fractional investing and positions us as a trusted partner in the evolving financial landscape. We believe that offering fractional investments of the most prestigious assets will democratise access and make it easier for individuals and institutions alike to unlock the value and create liquidity for real-world assets.”

The full market license allows Tokinvest to operate as a Virtual Asset Broker-Dealer and to serve retail, qualified, and institutional investors in and from Dubai, further enhancing the accessibility and appeal of fractionalised investments.

Belal Jassoma, Director of Ecosystems, DMCC said, “Tokinvest’s achievement reflects the leading ecosystem we have established for Web3 businesses and supports our vision to grow web3 adoption and RWA. This milestone demonstrates Dubai’s standing as a pioneering market in the crypto space, with a clear and progressive regulatory framework that enables companies to innovate and operate securely. We are proud to support Tokinvest and all of our members scale up and tap into global markets across DMCC’s international business district.”

With this licence, Tokinvest will leverage blockchain technology to provide a seamless, secure, and efficient platform for fractionalising VARA- approved real-world assets. 

It is also worth noting that the company has secured a pipeline of elite assets from leading real estate developers, fund managers and commodities trading venues and will be bringing these tokenised assets to market in the coming weeks and months.