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.

Outlier Ventures AI, tokenization and Digital Identity teams participate in Saudi Arabian Future Spark accelerator

Outlier Ventures AI, tokenization and Digital Identity teams participate in Saudi Arabian Future Spark accelerator

Outlier Ventures has announced that its AI, tokenization, digital identity teams have joined the FutureSpark Base Camp accelerator program taking place in Riyadh at Monsha’at.

The cohort comprises teams from countries including Saudi Arabia, the United States of America, the United Kingdom, United Arab Emirates, Portugal and The Marshall Islands. Collectively the founders are developing cutting-edge technologies across Gaming, Artificial Intelligence (AI), Payment Solutions, Real World Assets (RWA) and Digital Identity, helping advance the Web3 ecosystem in the region and driving technological advancements across Saudi Arabia as part of Vision2030.

Announcing the first FutureSpark Base Camp cohort with the support of NTDP is an exciting moment in Outlier Ventures’ commitment to accelerating the development of high-growth Web3 ecosystems globally.

“We are very excited to welcome the founders participating in the first FutureSpark Base Camp program in Saudi Arabia. Over the 12-week program, the cohort is gaining invaluable tailored guidance from Outlier Ventures’ team of experts, the incredible mentors and support from NTDP.” Said Stephan Apel, CEO and Founding Partner. “This unique experience will not only accelerate their growth, but also help forge meaningful connections within the rapidly developing Web3 ecosystem in Saudi Arabia. We look forward to supporting the founders as we continue to build on our mission to help grow Web3 ecosystems globally.”

The teams participating include Astra Nova (Saudi Arabia), an expansive multimedia gaming universe that leverages web3 and user generated content (UGC) for immersive gaming, Byzanlink (United Arab Emirates), a platform connecting tokenized real-world assets to onchain yield, stability, and sustainable growth.

Byzanlink is a cutting-edge Real-World Asset (RWA) tokenization platform revolutionizing the management of traditional financial assets on-chain. By seamlessly bridging traditional finance (TradeFi) with decentralized finance (DeFi), Byzanlink empowers institutions and investors with access to diverse, yield-generating opportunities. It enables asset managers and SMEs to tokenize assets, reduce operational costs, unlock new capital sources, and achieve optimal risk management, transparency, and efficiency.

Also included are Feed Protocol (United States of America) which unlocks the blockchain for developers, startups, and organizations by providing powerful data streams, Kodex (United Kingdom) a unified Digital Law and Order Protocol: Censorship-Resistant Safety Monitoring for Web3 dApps, Games and Metaverses.

Kodex is the first truly decentralized, censorship-resistant trust and safety solution for social media, online games, and metaverses. At its core is The Kode – a unified rulebook defining harmful behaviors like fraud, harassment, toxic content, and disinformation, supported by a decentralized array of AI nodes and human reviewers that operate solely based on The Kode and nothing else, ensuring a consistent, impartial approach that’s both standardized and immune to external bias.

In addition LIFT (United States of America) a decentralized platform enables non-technical users to train AI Agents to analyze sports, games, social and security video — and trigger actions based on events detected in real-time is also participating.

As well as Oumla (Saudi Arabia) who are simplifying blockchain technology by providing a secure and scalable infrastructure for businesses and government agencies. Oumla enables developers to easily build on top of blockchains. You don’t need to learn complex, low-level Blockchain-specific APIs. By using our API/SDKs, you can accelerate your time to market and minimize security concerns.

Others include Ouroboro Labs (Portugal) a Layer-3 blockchain built to seamlessly onboard millions of gamers to web3. With lightning speeds, abstractable infrastructure and games across various genres.

Sorbet (Saudi Arabia) The modern digital wallet for freelancers—collect payments globally, store earnings in USDC, and manage your business as an independent, all in one place.

Waslah (Saudi Arabia) Waslah unlocks power of energy aggregation to save money and stabilize the electric grid. Saudi built circular energy network – that connects appliances, use AI for data processing to optimize energy management. Through predictive analytics and real-time demand-supply balancing we enhance grid stability.

Finally, YalGamers (Marshall Islands), a Web3 gaming ecosystem empowering gamers to earn, and developers to build with innovative tools and social features.

The FutureSpark program forms part of Outlier Ventures’ Base Camp accelerator programs that focus on supporting founders globally helping them to accelerate their product market fit. The program will culminate in a demo day in January in Riyadh. For more information go here: https://outlierventures.io/base-camp/

Greengage completes debt instrument transaction on the Coinbase Diamond tokenization platform

Greengage completes debt instrument transaction on the Coinbase Diamond tokenization platform

Greengage & Co. Limited, a digital finance firm, has completed the first external debt instrument transaction on the Coinbase Diamond tokenization platform, operating under the regulatory oversight of the Abu Dhabi Global Market (ADGM).


The transaction represents a key development for Project Diamond, which seeks to integrate blockchain technology with asset management. Project Diamond leverages smart contracts to improve transparency and efficiency in financial systems.

“The successful completion of this transaction is a testament to Coinbase’s mission of creating an open financial system,” Marcel Kasumovich, Deputy CIO at Coinbase Asset Management, commented.

“This collaboration with Greengage under the purview of ADGM allows us to innovate responsibly, ensuring that technological advancements align with regulatory compliance and investor protection.”

According to Greengage’s press release, the deal was executed under ADGM’s regulatory framework, which balances innovation with strict standards. ADGM supports financial technologies aimed at sustainable and inclusive solutions.

“Our collaboration with Coinbase on this transaction exemplifies Greengage’s commitment to driving sustainability in the digital finance sector,” said Sean Kiernan, CEO at Greengage & Co.

“By combining innovative blockchain solutions with a clear focus on SME lending, we are proud to contribute to a more transparent and efficient financial ecosystem.”

UAE to witness tokenization of 10,000 electric motorcycles

UAE to witness tokenization of 10,000 electric motorcycles

UAE based Layer1 blockchain platform for tokenization, MANTRA has partnered with UAE based Pyse, a sustainability-driven RWA platform, to finance the deployment of electric motorcycles for logistics and delivery services across the Emirates. This collaboration will kick off with initial deliveries of the striking pink electric vehicles (EVs) in Dubai as Pyse aims to tokenize more than 10,000 electric motorcycles on the MANTRA Chain by the end of 2025.

Earlier this year, MANTRA selected Pyse as a key member of the MANTRA Incubator program as part of its commitment to fostering innovative solutions in the green technology sector.

“Dubai’s logistics and food delivery sector is on the brink of an electric revolution,” said Kaustubh Padakannaya, Co-founder of Pyse. “Our partnership with MANTRA allows us to tokenize the leasing of electric motorcycles, making them accessible to retail audiences. This initiative celebrates Dubai’s sustainability goals while providing affordable mobility for all the rider heroes.”

Pyse goes beyond traditional models, enabling individuals to offset their carbon footprint and earn returns by investing directly in green assets like electric mobility and renewable energy. The MANTRA pink bike was revealed in October during Binance Blockchain Week in Dubai.

MANTRA CEO & Co-Founder John Patrick Mullin commented, “As the demand for eco-friendly delivery solutions in the region rises, this partnership positions MANTRA Chain and Pyse at the forefront of bringing quality and purposeful RWAs onchain. The deployment of these eye-catching pink EV motorcycles marks a significant step towards achieving Dubai’s ambitious sustainability goals.”

The MANTRA Incubator Program launched in June 2024. Pyse participated in the inaugural cohort alongside two projects in real estate and finance. The incubated projects received support and mentorship to build robust decentralized applications on MANTRA’s infrastructure.

In March 2024, MANTRA Chain raised $11 million led by UAE based Shorooq Partners with investors including Three-point capital, Forte Securities, VirtuZone, Hex Trust and GameFi Ventures. The news which was published in Coindesk stated, that Mantra Chain was in the final stages of receiving licenses from Dubai’s crypto regulator, VARA.

Later in July 2024, UAE based MAG Group Holding a multinational consolidation of different companies and sectors, the group’s portfolio includes real estate, contracting & engineering, industrial & commercial trading, freight services, and hospitality announced it would tokenize $500 million worth of real estate assets with UAE based Mantra a Blockchain Layer 1 RWA ( Real world assets) tokenization platform.

UAE based Shipfinex raises $1.5 million in seed round

UAE based Shipfinex raises $1.5 million in seed round

Shipfinex, which recently received preliminary approval from Dubai’s Virtual Assets Regulatory Authority, has secured $1.5 million in seed funding, led by Mr. Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC.

As per the announcement, this investment signals a strategic partnership set to reshape access to maritime assets through blockchain technology.

Additional investors in the round include Mr. Vivek Seth, Senior Vice President at ADNOC Logistics & Services, and Mr. Yasovardhan Chinni, Founder of Nanlian Ship Management LLC.

Shipfinex aims to democratize maritime finance by enabling fractional ownership of maritime assets through blockchain. The funds will support the company’s growth, regulatory advancements with Dubai’s Virtual Assets Regulatory Authority (VARA), and the development of a secure and compliant marketplace for Maritime Asset Tokens (MATs).

“Shipfinex represents the next era in maritime finance, expanding asset ownership and enhancing transparency and efficiency,” commented Mr. Mehta. “We’re excited to support this transformative journey and redefine how the world invests in maritime assets.”

The collaboration between Shipfinex and Mr. Mehta’s leadership in maritime operations and asset management brings unprecedented synergy. This partnership combines Mr. Mehta’s strategic expertise with Shipfinex’s advanced blockchain capabilities, setting the stage for accelerated growth and innovation.

Vikas Pandey, CEO and Co-Founder of Shipfinex, emphasized, “Mr. Mehta’s support and industry insights are invaluable as we strive to redefine access and expand investment opportunities within maritime finance.”

Prior to this, UAE based ShipFinex, announced a strategic partnership with Tokeny, an onchain finance operating system specializing in tokenized securities.