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📌 The UAE Securities and Commodities Authority (SCA) has issued draft regulations on securities and commodity tokens.

The UAE Securities and Commodities Authority (SCA) has invited comments on draft regulations on securities contracts and commodity tokens until February 14, 2025. Token

– The UAE Securities and Commodities Authority (SCA) has invited comments on draft regulations on securities contracts and commodity tokens until February 14, 2025.

The UAE authority noted that securities tokens include stock tokens, bond tokens and sukuk tokens, while commodity tokens include gold tokens, oil tokens, etc.

It is noted that both security tokens and commodity tokens are built on the blockchain/DLT platform, with security tokens representing financial or tangible assets and commodity tokens representing physical commodities.

KSA UAE also notes that these tokens can be traded on virtual asset and DLT platforms and that the transfer of these tokens is subject to the terms of the registration agreement.

Securities Token Contracts and Commodity Token Contracts are marketable In September 2024, the Securities and Commodities Authority (SCA) signed a cooperation agreement with the Dubai Virtual Asset Regulatory Authority (VARA) to provide services to VASPs and the Emirate of Dubai to and from Dubai. The agreement provides that VASPs must obtain a license from VARA and may by default register with SCA to provide services within the UAE. VASPs wishing to operate in other emirates must obtain a license from the SCA.

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