The Dubai Financial Services Authority (DFSA) provides a regulatory test environment for companies that offer innovative investment solutions in the field of tokensation.
Applications started for Sandbox to Tokinization
The Dubai Financial Services Authority (DFSA) invited companies to apply for companies who want to participate in the Sandbox program of the Sandbox program until 24 April 2025.
According to the announcement made on March 17, the independent regulatory institution operating within the Dubai International Finance Center (DIFC) targets companies that want to provide tokenized investment products and services.
This Sandbox offers a controlled environment where companies can test the tokecination solutions under regulatory control.
Tokinization is growing on a global scale
Tokinization attracts more and more attention worldwide. According to RWA.XYZ data, the real asset tokensation (RWA) market is currently about $ 18.86 billion. In the last month, there has been an increase of more than 5 %in the number of users in the sector.
This attempt by Dubai aims to adapt to increasing global demand and to make the region one of the centers of digital finance.
Who can apply?
DFSA listed the services that can apply within the scope of the program:
- Tokenized stocks
- Bonds
- Sukuk (Islamic Finance Bills)
- Collective Investment Fund Units
Both companies authorized by DFSA and new companies wishing to enter into the tokecination area will be able to apply.
Application Process:
- Applications started on March 17 and will end in April.
- Companies passing through the evaluation process will provide access to regulatory guidance and test opportunities.
- DFSA said that companies with solid business models and strong regulatory compatibility will be selected.
This initiative is part of DFSA’s Innovation Test License (ITL) program, allowing companies to test their financial products before they receive full authorization.
UAE’s crypto -friendly policy
The Sandbox of the Sandbox is seen as a step in line with the aim of strengthening the digital finance leadership of the United Arab Emirates.
During this month, Dubai officials approved a cross -border payment license for the crypto payment company Ripple. This step made Ripple the first Blockchain -based payment provider to receive regulatory approval at the Dubai Finance ecosystem.
Apart from Dubai, Abu Dhabi is taking steps to integrate stablecoins into the financial system. TETHER’s USDT is evaluated in Abu Dhabi for wider institutional use.
In addition, Coinbase and Chainlink launched a joint venture to increase the adoption of corporate crypto in the Middle East.
Dubai aims to be the center of digital finance
Dubai’s Sandbox’s Sandbox is part of the region’s efforts to stand out in global competition in the field of digital finance. This initiative, which provides the opportunity to test innovative financial solutions under the regulatory framework, will continue to attract both investors and technology companies.
