UAE Scintilla partners with Verseprop to tokenize real estate projects

UAE Scintilla partners with Verseprop to tokenize real estate projects

UAE regulated Scintilla an institutional-grade tokenization platform, and Verseprop, a digital platform specializing in tokenized real estate equity and debt, have partnered to offer financial engineering solutions to the Real Estate sector and introduce advanced tokenization solutions that bring greater efficiency, transparency, and inclusivity to the market, alongside cost savings and distribution. 

Verseprop, founded in 2021 by a former senior executive from CBRE and Savills, is a  Financial Conduct Authority (FCA) Appointed Representative, headquartered in London, specializing in real estate debt and equity. Its current focus is short-duration, first and  second-charge UK real estate debt, which grants strong investor protections at viable  yields and is asset backed.

Scintilla, licensed by Dubai’s Virtual Asset Regulatory Authority (VARA), brings a powerful tokenization engine and its broker/dealer license and services to the table, solidifying its reputation as a leader in digital asset innovation. 

“Verseprop is not just tokenizing real estate equity and debt; we are fundamentally  reshaping how people access real estate and how asset owners think about distribution,”  said Joel Coren, CEO of Verseprop. “Our platform offers a seamless, transparent, and digital way for investors to access high-quality real estate opportunities that were  previously out of reach, and asset owners to reach them.”

Verseprop provides real estate owners access to state-of-the-art financial and tokenization services that also streamline the process for raising capital for equity, debt or a hybrid mix, while Scintilla will deliver the core  tokenization technology and broker/dealer services necessary to facilitate the distribution  of these digital tokens in the UAE.

For investors, this collaboration unlocks access to  diversified real estate opportunities while enjoying the efficiency and lower costs provided  by blockchain technology. 

“Scintilla is delighted to join forces with Verseprop to redefine how real estate assets are  tokenized and traded,” said Tim Popplewell, founder and CEO of Scintilla. “This  collaboration marks a significant step in our journey to bring institutional-grade solutions  to the digital asset space, opening up new avenues for investors and developers alike.” 

This announcement comes at the heels of the DAMAC Mantra tokenization deal.

Scintilla Acquires TOKO

Scintilla, bought out TOKO FZE registered and licensed out of Dubai UAE by VARA ( Virtual Assets Regulatory Authority) as a crypto exchange and broker. Originally developed within DLA Piper’s Law& innovation portfolio, the former TOKO brand has evolved into Scintilla with a fresh identity, new leadership, and groundbreaking product offerings.

UAE DAMAC Group to tokenize $1 billion worth of assets on MANTRA Blockchain

UAE DAMAC Group to tokenize $1 billion worth of assets on MANTRA Blockchain

UAE DAMAC Group, with a portfolio of real estate developments, hospitality, data centers and more has signed an agreement with UAE based Mantra blockchain to tokenize the company’s asset for financing.

As per the press release, the collaboration between MANTRA and the DAMAC Group will enable token-based financing for a diverse range of assets within the group’s extensive portfolio of companies, with a minimum value of US$1 billion.

The DAMAC Group assets will be available in early 2025, exclusively on MANTRA Chain. DAMAC Group is leveraging blockchain technology to bring greater transparency, security, and accessibility to DAMAC Group’s wide-ranging assets.

“This partnership with DAMAC Group is an endorsement for the RWA industry. We’re thrilled to partner with such a prestigious group of leaders that share our ambitions and see the incredible opportunities of bringing traditional financing opportunities onchain,” said John Patrick Mullin, CEO of MANTRA.

Amira Sajwani, Managing Director of Sales & Development at DAMAC, said, “DAMAC is always exploring new technologies to enhance our product offerings. Partnering with MANTRA is a natural extension of our commitment to innovation and forward-thinking solutions. Tokenizing our assets will provide investors with a secure, transparent, and convenient way to access a wide range of investment opportunities.”

This comes days after DAMAC Group announced investing $20 billion in datacenters in the USA.

Additionally this is not the first partnership for MANTRA. In November 2024, MANTRA, partnered with Libre Capital, a UAE-headquartered financial instruments tokenization and issuance platform, to provide investors with onchain access to a diverse range of attractive investment funds.

While in July 2024, UAE based MAG Group Holding a multinational consolidation of different companies and sectors, announced it would tokenize $500 million worth of real estate assets with UAE based Mantra Blockchain.

Tokinvest and UDPN launch stablecoin management System

Tokinvest and UDPN launch stablecoin management System

Tokinvest DMCC, a marketplace for real-world asset tokenization and provisional Virtual Assets Regulatory Authority (VARA) licensed brokerage, has expanded its collaboration with Universal Digital Payments Network (UDPN) to launch a Tokenized Deposit and Stablecoin Management System.

The market cap of stablecoins and tokenized deposits grew to $197.5bn, up from $171.6bn at the start of November, according to rwa.xyz1, and is forecast to experience rapid expansion and diversification in the coming years. These “digital dollars” can be collateralized by a diverse range of assets including fiat currency, gold, treasuries and other tangible or financial assets. For regulated digital currency issuers, they represent a transformative opportunity to enhance liquidity, streamline cross-border transactions and dramatically speed up and reduce costs for business processes such as clearing and settlement.

Scott Thiel, CEO of Tokinvest, said, “The UAE now benefits from regulatory clarity around the launch of stablecoins under the VARA and Central Bank of the United Arab Emirates (CBUAE frameworks). The Tokinvest Tokenized Deposit and Stablecoin Management System provides a turnkey full-service solution to the growing list of banks, government entities, and corporates with ambitions to launch and manage their own tokenized deposit or stablecoin using what we have assessed to be the best tokenized deposit and stablecoin management platform in the world today. It also enables us to support retail businesses looking to migrate their loyalty programs from the traditional loyalty point debt model to a tokenized consumer engagement model that sits on their balance sheet as a credit.”

The solution is a bank-grade product licensed to Tokinvest under a white-label reseller and support agreement recently concluded between the parties. The Tokinvest solution provides high-availability, open APIs for core banking system integration and third-party access to all tokenised deposit / stablecoin / loyalty programs via one single management portal. It also offers leading-edge security features such as air gap minting, role-based management, private-key approval mechanisms, 2FA login, Illicit activity screening, wallet/fund freeze/unfreeze and multi-signature controls. The solution supports multiple systems and different blockchain protocols under one unified management portal.

Tim Bailey, Vice President of Global Business & Operations of UDPN co-developer Red Date Technology, added, “Having collaborated for several years with the Tokinvest leadership, we are excited to appoint them as a partner and reseller of the tokenised deposit and stablecoin platform and to support the growth and adoption of fiat referenced virtual assets and payment tokens in MENA and Africa.”

Tokinvest is committed to the responsible development of the regulated virtual assets ecosystem in the UAE. The partnership with UDPN and the launch of the Tokenised Deposit and Stablecoin Management System represents a significant milestone in that journey.

Abu Dhabi AI G42 invests in Inveniam private market tech entity

Abu Dhabi AI G42 invests in Inveniam private market tech entity

Abu Dhabi based, G42, a global leader in creating visionary artificial intelligence for a better tomorrow announced a strategic investment in Inveniam, an innovator in private market financial technology that utilizes DLT technology to tokenize assets.

As per the announcement, this marks a significant step in G42’s mission to apply cutting-edge AI solutions to industries that are critical to global economies but remain underserved by technology.

Inveniam’s pioneering data architecture and expertise in private market systems align seamlessly with G42’s advanced AI capabilities. The collaboration will enable secure, privacy-first solutions for managing sensitive financial data while improving efficiency and transparency in private markets.

As per G42 this partnership underscores G42’s commitment to building transformative, AI-driven ecosystems that reshape industries for the better. Inveniam’s innovative technology and leadership make it the ideal partner to drive meaningful change in private markets globally.

With regards to Inveniam, which has raised over $120 million previously, the partnership is important because of their need for AI to deliver the world’s leading solutions for Private Markets.

Private markets, the realm of real estate, private equity, private credit and infrastructure investments, represent the world’s largest asset class, worth hundreds of trillions of dollars. Yet despite their massive size, these markets operate much like they did decades ago, with scattered data, manual processes, and long transaction times. Inveniam have spent years building technology to solve this problem, creating the infrastructure that allows these assets to be managed, shared and traded with the efficiency of public markets, while keeping sensitive data secure and in the clients’ systems using agents.

Patrick O’Meara, Chairman & CEO, Inveniam noted, ” As we built our solution, we realized that it would not be a single new technology that transforms this market. It is the convergence of AI, DLT, and DeFi. There were a number of significant technical barriers, but these have been overcome in the past several years. Now, Inveniam is utilizing these technologies together at scale. Inveniam’s platform delivers trust in the source data with visibility, transparency, and auditability around the automation which we refer to as Smart Provenance™. This context, attribution, and trust opens the door for enterprise use against private market assets.”

Inveniam and G42 will offer solutions that deliver trust in the value of underlying assets for investors exchanging billions of dollars daily on private market funds, indices, derivatives, and eventually the underlying assets.

G42 has built some of the most advanced AI systems in the world and partners with leading organizations across industries and geographies.

Enterprises need a tool to get their data ready for AI and maintain readiness for automation tools, such as AI. This is where Inveniam’s sophisticated permissions and workflow solutions allow for management of data operations in a decentralized data environment with a focus on the unstructured data associated with private markets.

Both companies will be building something that hasn’t existed before a comprehensive technology platform that combines G42’s AI capabilities with Inveniam’s data architecture. The world’s first private markets derivatives exchange, beginning with real estate, that enables these assets to be traded dramatically more efficiently, with a target of reaching the efficiency of the public markets.


From this foundation of permissioned-access to trusted data, The partnership with G42 provides the resources for the next several years of operations as well as technological capabilities to expand to all private markets – from infrastructure projects to private equity investments.

We’re building the infrastructure that will allow the world’s largest asset class to operate with the efficiency of public markets while maintaining privacy and control that private market participants require. This leapfrogging of public market centralized data solutions will transform Private Markets. With G42 and our ecosystem of partners, we are starting to deliver this reality.

Siraj Finance and ASSNTURE in UAE partner to pilot tokenization solutions

Siraj Finance and ASSNTURE in UAE partner to pilot tokenization solutions

Siraj Finance PJSC, a private joint stock company based in Abu Dhabi and regulated by the UAE Central Bank, offering a multitude of financial products, designed in compliance with Islamic Shari’ah principles and ASSNTURE Limited a registered in Abu Dhabi ADGM ( Abu Dhabi Global Market) as a technology startup providing Asset Tokenization and Digital Assets Infrastructure Solutions signed a strategic partnership during ADWF ( Abu Dhabi Finance Week), to explore solutions in asset tokenization and digital assets.

As per the announcement, this collaboration represents a shared commitment to leveraging blockchain technology to redefine financial services, with a focus on enabling secure, efficient, and compliant tokenization of real-world assets.

Siraj Finance and ASSNTURE aim to combine their expertise to pilot and commercialize asset tokenization solutions that align with the regulatory frameworks of the Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM). By integrating cutting-edge blockchain technology, the two entities intend to provide clients with alternative liquidity solutions and expand access to high-value assets for a broader range of investors.

Commenting on the occasion, Mr. Mohamed Rusan Fyroze, CEO of Siraj Finance said, “This collaboration highlights Siraj Finance’s vision to lead the adoption of next-generation financial solutions in the UAE, aligning with our mission to empower businesses and individuals with innovative and compliant tools.”

Mr. Ihsan Khelef, Founder and Managing Director of ASSNTURE Limited added, “Partnering with Siraj Finance during ADFW reflects ASSNTURE’s dedication to building a robust ecosystem for tokenized assets. Together, we are setting the foundation for a new era in financial services.”

In October 2024, ASSNTURE launched “TradeDesk,” a blockchain-based platform designed to revolutionize the management and settlement of trade finance transactions for finished goods, raw materials, and commodities.

Standard Chartered to support Paxos USDG and USDL stablecoins

Standard Chartered to support Paxos USDG and USDL stablecoins

Paxos, a regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Standard Chartered will provide cash management, trading, and custody services, further strengthening the infrastructure supporting the trusted digital assets in Singapore and UAE.

Both USDG and USDL are fully backed and trusted stablecoins issued under prudential regulatory oversight. Paxos maintains rigorous standards in reserve management and exclusively holds short-term, highly liquid US government securities and cash equivalents to ensure that stablecoins maintain 1:1 parity with the US dollar. This guarantees seamless convertibility to fiat currency while reinforcing trust in Paxos’ ecosystem.

Through this collaboration, Standard Chartered will support Paxos’ global tokenization platform by offering seamless integration with a comprehensive suite of banking capabilities across transaction banking, financial markets, and securities services.

Adam Ackermann, Head of Treasury and Portfolio Management at Paxos, said, “As the stablecoin industry continues to attract the world’s leading enterprises, it’s more important than ever to ensure they have access to sophisticated, institutional-grade products. Standard Chartered’s commitment to risk management, compliance and operational efficiency across its world-class banking solutions is critical to Paxos as a regulated stablecoin issuer.”

John Collura, Global Head of Banks & Broker Dealer Sales and Head of Europe & Americas for Financing and Securities Services at Standard Chartered, added, “Our partnership with Paxos reflects Standard Chartered’s commitment to shaping the future of digital finance with trust and innovation. By providing robust cash management, trading, and custody services, we’re enabling the next generation of secure and regulated digital assets solutions that drive global adoption and economic inclusion.”

Global Dollar (USDG) is a US dollar-backed stablecoin issued by Paxos Digital Singapore, and is substantively compliant with the Monetary Authority of Singapore’s (MAS) upcoming stablecoin regulatory framework. This ensures USDG meets the highest standards of consumer protection and regulatory compliance. Paxos International, which is regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market, launched the US dollar-backed stablecoin Lift Dollar (USDL) earlier this year. USDL passes daily programmatic safe yield to its end holders.

Emirates NBD adds Fifth member to digital assets Lab

Emirates NBD adds Fifth member to digital assets Lab

Emirates NBD, a banking group with presence in Middle East, North Africa, and Türkiye (MENAT) region, has added its fifth member of its Digital Asset Lab, Chainlink, the standard for onchain finance, verifiable data, and cross-chain interoperability. Chainlink will join other founding members including PwC, Fireblocks, R3 and Chainalysis.

Chainlink’s membership will play a key role in advancing the Digital Asset Lab’s mission to create innovative solutions in digital finance.

Digital assets represent a market of over USD 1.3 trillion globally, with tokenization alone contributing an estimated USD 230 billion annually to GDP in the MENA region, Ernst & Young estimates¹.

As digital assets increasingly become mainstream, banks are increasingly innovating to cater to cryptocurrencies, tokenized securities and Central Bank digital Currencies. This strategic alliance strengthens the Digital Asset Lab’s ability to scale the development of digital asset solutions while upholding the highest standards of trust, reliability and security.

Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD, said, “We are proud to partner with Chainlink and welcome them to Emirates NBD’s Digital Asset Lab as a council member. As a key platform for our innovation strategy, the Digital Asset Lab enables us to pioneer next-generation solutions for our customers. With Chainlink Labs’ expertise in onchain finance, we are confident this partnership will drive new advancements in tokenization and digital asset management, reinforcing Emirates NBD’s position as a regional leader in financial innovation.”

Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, added, “Tokenization and digital assets represent a hundred-trillion-dollar opportunity for financial institutions in the MENAT region and beyond. Chainlink Labs is excited to collaborate with Emirates NBD by becoming a council member of its Digital Asset Lab to help support the development of onchain financial applications powered by the Chainlink standard for onchain finance, verifiable data and cross-chain interoperability.”

The Digital Asset Lab was launched in May 2023 at the Dubai FinTech Summit, to accelerate digital asset and financial services innovation in the UAE.

The Digital Asset Lab has implemented groundbreaking solutions for Emirates NBD, such as offering crypto products in retail banking using loyalty program points, tokenized real-world assets such as bonds for Emirates NBD Capital, stablecoins and surrounding regulations, as well as compliance and monitoring of virtual asset transactions.

Additionally the bank signed a Memorandum of Understanding (MoU) with Ctrl Alt, B2B alternative asset solutions provider, to explore infrastructure solutions related to tokenization of real-world assets.

Nexera RWA tokenization platform interested in Qatar

Nexera RWA tokenization platform interested in Qatar

Nexera an infrastructure designed to enable the smooth integration of real-world assets into the digital space recently presented their solutions in Qatar at the Qatar Digital Assets Lab.

They have made trillions of dollars in tokenized assets accessible, transferable, and liquid across web3 by connecting platforms and marketplaces across multiple blockchains.

The company announced that so far in December it visited Qatar Digital Assets Lab to showcase their advanced real world assets tokenization solutions meeting with key players in the ecosystem. Their CEO and Founder Ajaja Rachid presented their real estate tokenization solutions there.

Nexera also recently partnered with modular blockchain powerhouse NULS. With over 1M+ cross-chain transactions, $NULS brings the firepower, and $NXRA opens the gateway to $100T+ in RWA tokenization.

Nexera’s founder and CEO, Rachid Ajaja, shared insights on the synergy between AI agents and tokenization. This is a must-read for anyone following the intersection of blockchain and AI.

The company has also participated at the Plug and Play Tech Center Türkiye Expo 2024, Rachid presented “Scaling AI Infrastructure Through Tokenization,” showcasing the potential of AI and blockchain convergence.

In addition the company joined forces with Bitlayer, bringing tokenization infrastructure to Bitcoin. Bitlayer, an EVM-compatible Bitcoin L2, combines Bitcoin’s security with Ethereum’s flexibility.

More and more DLT, Blockchain entities are entering Qatar Digital Assets Lab.

For example Indian headquartered, Ryzer a blockchain-based (Token Service Provider) real estate investment platform, has been accepted into Qatar Digital Labs within the Qatar Financial Centre (QFC) digital asset tokenization regulatory framework

In addition to others such as Singaporean Blockchain fintech company DMZ Finance which has been chosen by Qatar QFC as well as Blade Labs which tokenizes financial productions and services.

UAE ADGM partners with Polygon Labs for token disclosure process

UAE ADGM partners with Polygon Labs for token disclosure process

Abu Dhabi Global Market (ADGM), a leading International Financial Centre (IFC), and Polygon Labs, developing a network of aggregated blockchains via the AggLayer, are collaborating to develop an international token disclosure process that ensures transparency, security, and trust within the Web3 ecosystem.

This initiative builds on ADGM’s pioneering Distributed Ledger Technology (DLT) Foundations Regulations to create a robust framework for Blockchain Foundations and Decentralized Autonomous Organizations (DAOs). The partnership aligns with ADGM’s vision of positioning Abu Dhabi as a global hub for technology-driven financial services, setting new standards for regulatory clarity and fostering innovation in the blockchain space.

Hamad Al Mazrouei, CEO of ADGM Registration Authority, stated, “Our collaboration with Polygon Labs underscores ADGM’s commitment to shaping the future of blockchain through innovation and regulatory leadership. By establishing a standardized token disclosure process, we aim to promote transparency and build confidence in blockchain technologies while reinforcing Abu Dhabi’s position as a hub for blockchain and Web3 innovation. Polygon Labs brings unparalleled expertise in blockchain scaling and adoption, and together we look forward to driving transformative change in the global blockchain landscape.”

Sandeep Nailwal, Polygon Founder, commented, “Polygon’s mission has always been to make blockchain technology accessible and impactful on a global scale, empowering users and institutions to shape a more open and equitable internet. ADGM’s forward thinking regulatory approach and unwavering support for innovation align perfectly with this vision. Together, we’re not only establishing new benchmarks for transparency and disclosure but also creating a foundation for trust that allows users, developers, and institutions worldwide to engage with blockchain systems confidently. This collaboration is a critical step forward in advancing the global adoption of Web3 technologies.”

Prior to this ADGM partnered and added Solana, Finschia and IOTA to its DLT Foundation members.

UK based House of Emirates tokenizes the UAE’s first dirham for $1 million

UK based House of Emirates tokenizes the UAE’s first dirham for $1 million

The House of Emirates, a UK based collector entity, specializing in ethereal jewellery, eternal treasures, splendid art, rare coins, and royal gifts has announced that it has tokenized for the first UAE Dirham tender coin minted in 1973.

As per the X post, ” House of Emirates is so thrilled to offer its elite clientele the FIRST EVER tokenized first UAE legal tender coin ( Dirham ) minted in 1973. This exceptional coin of a great historical significance was the first ever currency for the newly formed country. This historical decision to issue a united currency was ordained by the visionary founder of the UAE, HH Sheikh Zayed Ben Sultan Alnahyan. Now you can own this magnificent coin physically and on the blockchain at the same time.”

The coin was tokenized on the Galileo Protocol. Galileo is developing the world’s first platform and ecosystem for the tokenization and redemption of physical assets. Tokenization involves representing real-world assets as digital tokens on a blockchain, enabling secure and transparent exchange and transfer.

Using blockchain, Galileo’s platform offers solutions for tokenizing physical assets such as real estate, artwork, collectible cars, precious metals, and more. It allows asset owners to convert these assets into tokens, making it easier to divide them into fractions, trade them, and increase their liquidity.

Galileo’s ecosystem also includes asset custody infrastructure, ensuring the secure storage of the underlying physical assets. Owners can store their assets in certified and audited vaults, benefiting from a secure and regulated storage solution.