By Desmond Nleya
Dubai Multi Commodities Centre (DMCC) has entered into a strategic partnership with the Dubai Virtual Assets Regulatory Authority (VARA) to develop a global infrastructure for tokenised commodities — a significant step in advancing Dubai’s position as a leader in the digital asset space.
The collaboration combines DMCC’s deep expertise in commodities and its extensive business network with VARA’s regulatory capabilities. Together, they aim to establish a secure, transparent, and scalable framework for trading tokenised real-world assets such as gold and diamonds. This initiative is designed to strengthen Dubai’s role as a global hub where traditional commodities meet blockchain-powered financial systems.
Pilot projects under the partnership will explore the secure tokenisation and trading of physical assets, evaluating technical, regulatory, and market aspects. Insights from these pilots will help shape practical frameworks that prioritize investor protection and encourage sustainable market growth.
In addition, DMCC and VARA will roll out educational programs, including workshops and seminars, to raise awareness among institutional and retail investors about the opportunities, risks, and regulations surrounding tokenised commodities.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, described the partnership as a move that will “unlock a new era of real-world, investable products that expand global market access and cement Dubai’s position at the forefront of blockchain innovation.”
Matthew White, CEO of VARA, added that the initiative will “set global benchmarks for how physical and digital markets converge,” further enhancing Dubai’s reputation as a pioneer in shaping the future of finance and trade.
The partnership reflects Dubai’s accelerating momentum in digital asset innovation. DMCC’s Crypto Centre now hosts over 700 Web3 companies, reinforcing the city’s evolution into a leading global hub for digital trade.
Source: Dubai Media Office
