News
OKX and Standard Chartered launched a pilot letting institutions use crypto and tokenized money market funds as collateral, starting under Dubai’s virtual asset regulations.
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Dubai News
Dubai is the largest city of the United Arab Emirates and the most important trading, economic and tourist center of the UAE and the Near East. The city functions as a modern center of advanced technologies, so in terms of Bitcoin, Dubai has become a very popular place for startups and trading. The city has also become the first in the Near East that has opened an investment and trading platform with an official license that allows storing cryptocurrency in “cold” storage that, according to its developers, is protected from any natural disaster. In Dubai, cryptocurrency has been met with progressive legislation and high demand because the city works as a link between less developed countries, whose citizens buy cryptocoins in Dubai because of hyperinflation in their countries.
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Tokinvest co-founder Scott Thiel told Cointelegraph that the new development opens up Dubai’s real estate market to global investors.
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The $108,888,888 fund will operate an “open-arms policy,” welcoming real-world asset tokenization and DeFi projects at all developmental stages.
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CBUAE governor Khaled Mohamed Balama said in a Khaleej Times report that the digital dirham could help combat financial crime and improve financial stability.
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Robust blockchain infrastructure remains one of the most important factors influencing blockchain adoption among mainstream users, according to DWF Labs.
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The Dubai Land Department expects the market value for tokenized real estate to reach over $16 billion in 2033.
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French authorities reportedly suspended judicial control in relation to Telegram founder Pavel Durov from March 15 to April 7.
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Dubai International Financial Center CEO Arif Amiri said Ripple was the first licensed blockchain payment provider in the DIFC.
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One of the largest banking groups in the region, Dubai-state-run Emirates NBD, offers crypto trading services in collaboration with Aquanow and Zodia Custody.
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Dubai’s latest crypto license clears the way for the layer-1 blockchain to launch unique DeFi services and products.
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Dubai’s Damac Properties and the Mantra protocol are spearheading a $1 billion initiative to tokenize real estate, unlocking global investment opportunities through blockchain.
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Tokinvest founder and CEO Scott Thiel said that in his seven years in the RWA sector, there’s been “no lack of demand” from asset owners wanting to tokenize their properties.
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2024 was a disappointing year for MENA venture capital deals, but that could change as AI adoption accelerates.
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The Dubai Financial Services Authority has recognized the first stablecoins under its crypto token regime: USDC and EURC.
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Crypto app downloads in the UAE reached 15 million in 2024, with a record 2.8 million installs in December, driven by market trends and adoption.
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