Dubai’s DMCC and VARA to launch gold tokenization pilot
DMCC, a global enterprise district that drives the circulate of world commerce by way of Dubai, has partnered with the Dubai Digital Belongings Regulatory Authority (VARA) to advance world infrastructure for tokenized commodities, together with gold, diamonds and different high-value commodities.
The settlement seeks to combine bodily commodities into blockchain-powered monetary methods.
As per the press launch, the entities goal to determine a safe, clear and scalable framework for tokenized commodities, enhancing entry to world markets and supporting the long-term integration of tokenized belongings into mainstream finance.
Dubai will launch pilot tasks to securely tokenize gold
The partnership will concentrate on a number of key areas. Pilot tasks shall be launched to evaluate how commodities akin to gold and diamonds may be securely tokenized and traded utilizing blockchain infrastructure. These pilots will consider technical and regulatory necessities, market viability and investor protections, informing the event of sensible, investable tokenization fashions.
A sequence of joint workshops, seminars and consciousness initiatives shall be delivered to lift institutional and public understanding of tokenization – together with its advantages, dangers and regulatory concerns. This work will assist construct market belief and help the creation of a extra knowledgeable, resilient digital asset panorama.
Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer, DMCC, famous that partnering with VARA is a pivotal step within the evolution of Dubai’s digital-asset panorama. He defined that the mixture of VARA’s regulatory oversight with DMCC’s 26,000-member neighborhood and unmatched experience in commodities, blockchain and Web3, will create a safe, scalable framework to tokenize belongings akin to gold, diamonds, and different high-value commodities.
He defined, “In doing so, we are going to unlock a brand new period of real-world, investable merchandise that increase world market entry, improve liquidity and belief, and cement Dubai’s place on the forefront of commerce and blockchain innovation.”
Constructing on DMCC’s confirmed observe file within the commodities house, together with its capabilities in facilitating gold-backed digital belongings through the Tradeflow platform, the initiative is designed to increase market entry and foster innovation in asset-backed digital devices.
DMCC has greater than 1,500 corporations working within the gold and treasured metals sector and over 700 web3 corporations primarily based in its crypto middle.
Matthew White, Chief Govt Officer, Dubai Digital Belongings Regulatory Authority (VARA), additionally famous that Dubai is the place world commerce meets world innovation, and tokenization is the following chapter. He states, “By working with DMCC, we’re bringing collectively deep commodities experience with regulatory foresight to create a framework that may flip tokenized belongings from idea into trusted market infrastructure. Our position at VARA is to make sure that as these new merchandise emerge, they accomplish that in a approach that’s secure, clear, and credible, reinforcing Dubai’s place as a pacesetter in shaping the way forward for finance and commerce.”
Again in July of 2025, Mathew White in an interview with UAE state media famous that VARA is engaged on new pilot tasks after the success of the true property tokenization pilot venture with the Dubai Land Division. The brand new pilot includes tokenizing gold utilizing DeFi.
This comes as the value of gold skyrockets to greater than $4,000.
