Dubai’s Virtual Asset Regulatory Authority (VARA) and tokenization platform Securitize have signed a memorandum of understanding to develop innovation in real world asset tokenization in Dubai. The number of RWA token holders surged 103% over the past 30 days to 3.2 million. The total value of tokenized assets also rose 2% to $38.5 billion. Securitize remains the global leader in tokenization with $4.9 billion in assets under management, ahead of Ondo Finance with $3.5 billion.
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