The newly updated directives of the Dubai cryptography regulator include provisions on the tokenization of real assets (RWA) and clarify the rules for issuers.
On May 19, the Virtual Asset Regulatory Authority (Vara) by Dubai published her updated rules for virtual active service providers (VASP) operating in the region. The regulator gave participants to the market until June 19 to comply with the new rules.
The regulator had previously declared to Cintelegraph that he had improved the supervision mechanisms and had brought consistency between the rules based on activity. One of the most important changes includes regulatory clarity on RWA tokens.
Irina Heaver, associated with the law firm of the United Arab Emirates, Neoslegal, told Cintelegraph that the updated rules clarify the program and distribution of RWA.
“The publication of real asset tokens and listing them on the secondary markets is no longer theoretical,” Heaver told Cointelegraph. “It is now a regulatory reality in Dubai and wider water.”
A “viable” path to make the Rwa media threw
Heaver compared Rwas to the security tokens (STOS), an earlier attempt at the cryptographic space for tokensize titles such as actions, obligations and the real estate investment trust. However, the Water Crypto lawyer said that Stos “died peaceful in 2018 to 2019.”
The lawyer said that Cointelegraph Stos had not worked due to the lack of regulatory clarity, viable secondary market negotiation sites, institutional investors and liquidity.
However, the situation is different for Rwas. Heaver told Cointelegraph that Rwas are the next fundamental layer for the institutional adoption of blockchain and virtual assets. Heaver said that the new Vara rules are already covering them as virtual tokens referenced on assets (ARVA). She said:
“The book of rules for the emission of virtual assets recently updated by Vara (May 2025) addresses these failures. Regulated exchanges and brokers in Dubai are now authorized to distribute and list the Arva tokens. ”
The lawyer said that this solves a problem of jurisdictions like Switzerland, where the issuance of chips is possible, but registration and secondary trade remain unregulated.
In relation: Dubai Gov’t Agencies to connect the real estate register with the tokenization of goods
Lawyer shares the requirements for RWA issuers
Heaver said that ARVA tokens are defined under Dubai law as representing direct or indirect property of active world, granting the right to receive or share income and claim to maintain stable value by reference to assets or real world income.
ARVA tokens are also supported or guaranteed by these real assets or constitute a derived, wrapped, duplicated or fractional version of another ARVA.
The lawyer said that issuers must meet specific requirements, including a license to issue category 1 virtual networks, a complete white paper and a risk disclosure declaration.
In addition, transmitters must have a capital paid by 1.5 million water dirhams (around $ 408,000) or 2% of the reserve assets held. Emitters are also subject to independent monthly audit obligations and must adhere to continuous supervision surveillance.
“Vara provides regulatory clarity, and this gives the industry a viable and enforceable path to transform the media threshing of RWA tokenization,” Heaver in Cointelegraph told. “This counts because it marks a change, from theory to execution, from fiction to the frame.”
https://www.youtube.com/watch?v=vz6HJ457iws
Review: The signs of danger for Bitcoin because the retail trade abandons it to institutions: Sky weekends
