Dubai Don Komprehensive Rules for Real-World Asset Tokenization, Wey Dey Allow Regulated Secondary Market Listings
Dubai's Virtual Assets Regulatory Authority (VARA) don drop new rules wey clear all the tins about how dem go turn real-world assets (RWA) to tokens, wey dem don call Asset-Referenced Virtual Assets (ARVA) now. These new rules go allow dem issue and trade RWA tokens for second market. This na big change for how dem dey regulate tings and e don make am clear for people wey dey issue am and service providers to follow the rules. Dem announce am on May 19 and e go start by June 19. The updated rules say make people wey wan issue token get Category 1 Virtual Asset Issuance license, dem go submit full whitepapers and explain all the risks, and dem must get at least AED 1.5 million (around $408,000) or 2% of dem reserve assets. Dem go still dey check dem every month with independent audits. The new clear rules don finish all the confusion wey dey before about security token offerings (STOs), and e go make am easy for big companies to join Dubai's blockchain hustle. This move go make Dubai a strong leader for regulated RWA tokenization, and e go surely make big companies join and make the market for ARVA tokens get plenty money.
Bullish
Dubai VARA don clear and complete rules for how to turn Real-World Assets (RWA) to digital tokens. This don settle di long-time confusion wey don stop big companies and secondary market from enter before. By making di rules official, dem go make sure pipo follow dem strictly (like getting license, having enough money, and independent audit). Dem go also allow regulated exchanges and brokers to support Asset-Referenced Virtual Assets (ARVA). All dis go make di risk from government rules small and make investors get more trust. Before, when crypto market get clear rules, especially for tokens wey get real assets to back dem up, big companies go dey interested more, market go dey busy, and di price of dem digital assets go dey go up. For short term, dis go likely bring new people wey wan issue tokens and make trading for Dubai crypto sector busy. For long term, Dubai leadership for RWA regulation fit set standard for other countries, and dis fit make ARVA-linked markets grow well and get plenty money.