MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
Tokinvest DMCC, a pioneering marketplace for real-world asset tokenization and provisional Virtual Assets Regulatory Authority (VARA) licensed brokerage, is excited to announce the expansion of its collaboration with Universal Digital Payments Network (UDPN) and the launch of a Tokenised Deposit and Stablecoin Management System. The market cap of stablecoins and tokenised deposits grew to $197.5bn, up from $171.6bn at the start of November, according to rwa.xyz, and are forecast to experience rapid expansion and diversification…
Read More »First Abu Dhabi Bank (FAB) has entered into a Memorandum of Understanding (MoU) with Libre Capital, a tokenization specialist supported by WebN Group and Nomura’s Laser Digital, to explore blockchain-based collateralized lending using real-world asset (RWA) tokens. Since its launch in March, Libre has tokenized approximately $150 million worth of assets, including Brevan Howard funds, Hamilton Lane’s fixed-income products, and a BlackRock money-market fund. Under the MoU, First Abu Dhabi…
Read More »ADGM and Polygon Labs, an international software development company, have announced a new collaboration. The partnership focuses on advancing blockchain innovation by developing international disclosure standards. These standards aim to ensure transparency, security, and trust within the Web3 and broader blockchain ecosystem. This initiative builds on ADGM’s pioneering Distributed Ledger Technology (DLT) Foundations Regulations—the first of its kind globally—to create a robust framework for Blockchain Foundations and Decentralised Autonomous Organisations…
Read More »As part of the highly anticipated Abu Dhabi Finance Week (ADFW), two pivotal events—Bitcoin MENA 2024 and the Abu Dhabi Economic Forum (ADEF)—highlighted Abu Dhabi’s position as a leading global hub for finance and technology. These events kicked off with packed agendas, drawing thousands of participants, influential global leaders, and top-tier experts to explore transformative ideas shaping the future of finance, investment, and digital innovation. Abu Dhabi: A Week of…
Read More »Circle Internet Group, Inc., a global digital financial technology firm, is pleased to announce the incorporation of an entity in the ADGM, a key milestone in its strategic expansion into the Middle East and Africa. Circle has also entered into a partnership with LuLu Financial Holdings (‘LuLuFin’), and its affiliates, one of the largest financial services conglomerates in the region, to facilitate remittances and cross-border payments with USDC, Circle’s fully-reserved…
Read More »BitOasis, the Middle East and North Africa’s (MENA) leading regional virtual assets broker-dealer trading platform, announced receiving a full Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA), following the company satisfying all relevant regulatory conditions and requirements. BitOasis said it will seamlessly transition to operating under its new license with immediate effect. Securing the full VASP License marks the final step in VARA’s licensing process…
Read More »Deus X Pay, a regulated institutional stablecoin payment provider, announces its new brand, with a mission is to transform international payments by breaking down traditional barriers and delivering finance without friction. Formerly operating as HAYVN, Deus X Pay has transformed its focus to cater to institutional clients, businesses, and corporations. The company is dedicated to providing streamlined, secure payment solutions that drive global business growth. Deus X Pay CEO, Richard…
Read More »The Iranian government is signaling its intent to embrace crypto assets through regulatory measures rather than imposing outright restrictions, according to Abdolnaser Hemmati, Iran’s Minister of Economic Affairs and Finance. During a national event on Saturday, Hemmati emphasized the government’s goal to mitigate the adverse effects of cryptocurrencies on the economy while capitalizing on their benefits, as reported by the state-run news agency Nour News. He noted that digital currencies…
Read More »The financial world is evolving at an unprecedented pace. In this moment of transformation, Unlock Blockchain introduces Finance 3.0, a regional event designed to lead the conversation on the convergence of Web3 innovation and traditional finance. Scheduled for April 29, 2025, in the UAE, this event places the country’s pioneering efforts in the spotlight. The UAE has emerged as a global hub for crypto and blockchain innovation, attracting some of…
Read More »Scintilla, a digital asset firm, has unveiled significant upgrades to its tokenization engine. This development follows the completion of its acquisition of VARA-regulated TOKO Network, a tokenization solutions provider previously owned by global law firm DLA Piper. While the TOKO license has remained active since its issuance, no significant activities have been highlighted since the company obtained its Virtual Asset Service Provider (VASP) license. With this transaction, Scintilla has redefined…
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