Dubai’s VARA issues its 50th VASP license to Tribe Tokenization as UAE’s regulated VASP count hits 101
AI Market Summary
Dubai's VARA granted its 50th VASP license to Tribe Tokenization FZE, highlighting accelerating regulatory normalization in the UAE where 101 VASPs are licensed and over half opt into VARA oversight. The approval provides a mainstream-jurisdiction compliance pathway for token issuance, custody, and trading tied to the TRIBE ecosystem, modestly improving perceived legitimacy and reducing counterparty/regulatory friction in the near term.
Impact level
● Low
AI InsightAI Insight
▲ Bullish
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The UAE’s Virtual Assets Regulatory Authority (VARA) has issued its 50th VASP license to Tribe Tokenization FZE, making it a licensed virtual asset service provider in Dubai. The UAE now has 101 licensed VASPs, with more than 50% opting for VARA oversight. Tribe Tokenization focuses on asset tokenization, and the license marks the first time a TRIBE token-related entity has secured formal regulatory approval in a major jurisdiction, giving it legal standing in the UAE to conduct compliant token issuance, custody and trading services.
