Dubai Multi Commodities Centre (DMCC) has signed a strategic partnership with the Dubai Virtual Assets Regulatory Authority (VARA) to build global infrastructure for tokenised commodities, marking a major step in advancing Dubai’s digital asset ecosystem.
The collaboration aims to merge DMCC’s commodities expertise and vast business network with VARA’s regulatory oversight to create a secure, transparent, and scalable framework for trading tokenised assets such as gold and diamonds. The initiative is set to position Dubai as a global leader in integrating real-world commodities with blockchain-powered financial systems.
As part of the partnership, pilot projects will test the secure tokenisation and trading of physical assets, assessing their technical, regulatory, and market feasibility. The results will guide the creation of practical models that support investor protection and long-term market adoption.
Education and awareness will also play a central role. DMCC and VARA will conduct joint workshops and seminars to inform institutional and retail investors about the benefits, risks, and regulations of tokenised commodities, aiming to build market trust and promote responsible participation in the digital economy.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said the partnership would
“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 would
“set global benchmarks for how physical and digital markets converge,”
reinforcing Dubai’s reputation as a pioneer in the future of finance and trade.
The partnership underscores Dubai’s growing role in digital asset innovation, as DMCC’s Crypto Centre continues to expand, hosting over 700 Web3 firms and driving the city’s evolution into a global digital trade hub.
News Source: Dubai Media Office
