UAE SCA has published draft regulation for securities and commodity tokens
On January 24th, according to the official website of the Securities and Commodities Authority (SCA) of the United Arab Emirates, the SCA has released a regulatory draft for securities and commodity tokens and invited public feedback before February 14th, 2025. According to the draft, security tokens include equity tokens, bond tokens, and Islamic bond tokens, while commodity tokens include gold tokens, oil tokens, and others. These tokens are all built on blockchain/DLT platforms and can be traded on virtual asset DLT platforms.
Security tokens and commodity tokens can only be traded and settled through markets or alternative trading systems, while bonds and Islamic bonds can be traded and settled over-the-counter.
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