DMCC has revealed the world’s largest silver bar, a 1,971 kg asset officially recognised by Guinness World Records and presented at the Dubai Precious Metals Conference on 24 November.
The bar was created to mark the UAE’s founding year and stands as a symbol of national ambition, craftsmanship and innovation. It is now set to become the first Guinness World Record precious metal bar to be tokenised under a regulated framework through DMCC’s Tradeflow platform.
The project brings together several UAE-based industry leaders. Sam Precious Metals produced the bar, Tokinvest will handle the tokenisation process as a VARA-regulated platform and Brink’s will manage secure storage and logistics.
Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, said the milestone highlights the conference’s record-setting edition and reflects the centre’s mission to connect trade, commodities, finance and technology. He noted that the initiative shows how physical assets can be digitised and made accessible through trusted systems.
Scott Thiel, Co-Founder and CEO of Tokinvest, described the tokenisation of the 1,971 kg bar as a significant moment for the real-world-asset industry, adding that the project opens access to a globally important artefact for everyday investors.
Sami Abu Ahmad, Chairman of Sam Precious Metals, said the bar represents the UAE’s spirit of ambition and that the partnership with DMCC and Tokinvest transforms a symbol of pride into a forward-looking digital asset.
The initiative follows DMCC’s new strategic partnership with the Dubai Virtual Assets Regulatory Authority aimed at advancing secure and scalable frameworks for tokenised commodities. With more than 1,500 companies in its precious metals ecosystem and over 700 blockchain and Web3 firms in its Crypto Centre, DMCC says it is well positioned to drive the next evolution of asset-backed digital instruments.
News Source: Emirates News Agency
