The UAE's SCA has released a draft regulation on the tokenization of securities and commodities, with public feedback accepted until February 14
The United Arab Emirates Securities and Commodities Authority (SCA) has issued a draft regulation for securities and commodity tokens, inviting public feedback before February 14, 2025. According to the draft, security tokens include equity tokens, bond tokens, Islamic bond tokens; commodity tokens include gold tokens, oil tokens etc. These tokens are all established on blockchain/DLT platforms and can be traded on virtual asset DLT platforms. Among them, security-type and commodity-type tokens can only be traded and settled through markets or alternative trading systems while bonds and Islamic bonds can be traded over-the-counter (OTC) and settled off-exchange.
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