Dubai has just introduced a new set of regulations for the crypto industry, marking the first time it allows the issuance, listing, and trading of real-world asset (RWA) tokens.

RWAs are classified under the ARVA category, which includes tokens representing equities, bonds, real estate, and similar assets.

Companies looking to issue these tokens must hold a Category 1 license, have a minimum capital of AED 1.5 million (approximately USD 408,000) or 2% of the value of the underlying assets, and submit a whitepaper, risk disclosures, and monthly audit reports.

Exchanges and brokers licensed by VARA are permitted to list and trade ARVA tokens.