Dubai Regulator Issues Clear Guidelines for RWA Tokenization

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Dubai’s Virtual Asset Regulatory Authority (VARA) has updated its rulebook, providing new clarity on real-world asset (RWA) tokenization for virtual asset service providers (VASPs).

The revised regulations, released on May 19, require compliance by June 19. VARA emphasized strengthened oversight and standardized rules, with RWA token issuance now explicitly addressed.

Irina Heaver, a partner at UAE-based NeosLegal, said that the update makes RWA tokenization a tangible regulatory framework rather than a theoretical concept.

“This means issuing and trading tokenized real-world assets is now a formalized process in Dubai and the UAE,” Heaver said.