The Dubai Financial Services Authority has invited firms to submit expressions of interest to participate in its Tokenisation Regulatory Sandbox, aimed at firms seeking to offer tokenised investment products and services in the Dubai International Financial Centre. The sandbox sits within the DFSA’s Innovation Testing Licence programme and is intended to allow tokenised financial solutions to be tested in a controlled environment, with a pathway from testing to full authorisation. The expression of interest is open to firms issuing, trading, holding, or settling tokenised investments including equities, bonds, sukuk and collective investment fund units, as well as existing DFSA Authorised Firms looking to expand into tokenisation. Submissions will be assessed and firms demonstrating strong business models and regulatory understanding may be invited into the sandbox, where they will receive tailored regulatory support and structured testing opportunities. The expression of interest window runs from 17 March 2025 to 24 April 2025.
Dubai Financial Services Authority 2025-03-17
Dubai Financial Services Authority opens expressions of interest for Tokenisation Regulatory Sandbox
The Dubai Financial Services Authority has opened expressions of interest for its Tokenisation Regulatory Sandbox, targeting firms offering tokenised investment products in the Dubai International Financial Centre. Part of the DFSA’s Innovation Testing Licence programme, it allows firms to test tokenised financial solutions in a controlled environment with a pathway to full authorisation. Eligible firms include those issuing, trading, holding, or settling tokenised investments, and existing DFSA Authorised Firms expanding into tokenisation.