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MainNewsUAE Drafts L...

UAE Drafts Legal Framework for Tokenized Real-World Assets


by Coin Edition
for CoinEdition
UAE Drafts Legal Framework for Tokenized Real-World Assets
  • UAE creates a legal framework to support tokenized real-world assets and blockchain growth.
  • New regulations classify equity, bond, and commodity tokens, expanding investment opportunities.
  • Clear rules aim to boost investor confidence and cement UAE’s role as a global fintech leader.

The United Arab Emirates (UAE) is creating a legal framework for the tokenization of real-world assets (RWA). The country’s Securities and Commodities Authority (SCA) recently published two regulation drafts, including one about Security Tokens and Commodity Tokens Contracts.

The goal of the new regulation is to establish a legal framework for issuing and trading tokenized assets in the UAE.

In the draft’s preamble (which you can read in this pdf), distributed ledger technology was described as “one of the most prominent technological innovations that redefined the concepts of issuance, trading, and investment in financial markets.” 

The document states that security and commodity tokens represent a “qualitative shift” in how securities and commodity contracts are issued, and traded. 

Further in the document, the SCA broke securities down to equity tokens (owner…

The post UAE Drafts Legal Framework for Tokenized Real-World Assets appeared first on Coin Edition.

Read the article at CoinEdition

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UAE Drafts Legal Framework for Tokenized Real-World Assets


by Coin Edition
for CoinEdition
UAE Drafts Legal Framework for Tokenized Real-World Assets
  • UAE creates a legal framework to support tokenized real-world assets and blockchain growth.
  • New regulations classify equity, bond, and commodity tokens, expanding investment opportunities.
  • Clear rules aim to boost investor confidence and cement UAE’s role as a global fintech leader.

The United Arab Emirates (UAE) is creating a legal framework for the tokenization of real-world assets (RWA). The country’s Securities and Commodities Authority (SCA) recently published two regulation drafts, including one about Security Tokens and Commodity Tokens Contracts.

The goal of the new regulation is to establish a legal framework for issuing and trading tokenized assets in the UAE.

In the draft’s preamble (which you can read in this pdf), distributed ledger technology was described as “one of the most prominent technological innovations that redefined the concepts of issuance, trading, and investment in financial markets.” 

The document states that security and commodity tokens represent a “qualitative shift” in how securities and commodity contracts are issued, and traded. 

Further in the document, the SCA broke securities down to equity tokens (owner…

The post UAE Drafts Legal Framework for Tokenized Real-World Assets appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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SEC won’t regulate memecoins like $TRUMP, a token tied to Trump’s family. Critics war...
From Oil to Hashrate: The UAE’s Transition into Bitcoin

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