UAE DMCC and TokinVest to tokenize close to 2 tons of Silver
UAE DMCC, the international business district that drives the flow of global trade through Dubai, has unveiled the world’s largest silver bar, 1,971kg asset officially recognized by Guinness World Records which is now being tokenized through DMCC’s Tradeflow platform using TokinVest.
The project brings together UAE-based precious metals refiner Sam Precious Metals, responsible for the bar’s production; Tokinvest, a VARA-regulated platform leading the digital tokenization and issuance process; and Brink’s, which will oversee secure storage and logistics.
As per the press release, this world-first initiative forms a key milestone in DMCC’s expanding programme to advance commodities tokenization and enhance transparency, traceability and legal certainty across global precious metals markets.
Tokinvest will register the asset on DMCC Tradeflow, the UAE’s leading online system for registering and pledging commodities, ensuring robust oversight and a trusted environment for fractional ownership, subject to regulatory approvals.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, noted that the initiative reflects DMCC’s broader mission to connect trade, commodities, finance and technology, demonstrating how physical assets can be digitized and access through trusted and transparent frameworks.”
The project is being carried out with key partners including VARA ( Dubai’s Virtual Asset Regulatory Authority), SAM Precious Metals, Tokinvest, and Brink’s projects.
Scott Thiel Co Founder and CEO of Tokinvest noted that tokenizing a Guinness record breaking bar of silver weighing 1,971kg is a milestone for the entire RWA ( Real World Asset) industry. He adds,” Precious metals have always been a trusted store of value, but access has traditionally been limited. This project brings a globally significant artefact into the hands of everyday investors. It’s a powerful demonstration of how Tokinvest is making real-world assets more accessible, transparent, and borderless.”
Sami Abu Ahmad, Chairman, Sam Precious Metals, added: “Partnering with Tokinvest and DMCC allows us to take this achievement further – transforming a symbol of national pride into a digital asset that represents the next evolution of precious metals investment. Through tokenization, we are opening a new chapter in how physical value is preserved, shared and traded globally.”
This landmark tokenization follows DMCC’s recently announced strategic partnership with the Dubai Virtual Assets Regulatory Authority (VARA), designed to accelerate the development of secure, transparent and scalable frameworks for tokenized commodities.
In a LinkedIn post Thiel explains, “Virtual Assets Regulatory Authority [VARA] VARA’s regulatory framework provides the foundation that makes compliant tokenization possible. As a VARA-regulated platform, we’re able to bring institutional-grade precious metal assets on-chain with full transparency and investor protection.”
He also comments that the project is biggest than a record breaking bar of silver, It signals a shift in how the world thinks about physical value: Provenance anchored through DMCC’s infrastructure. Custody secured through regulated channels. Compliance is enabled by VARA’s clear frameworks. And eventually, access broadened through compliant tokenization.
