tokenization

Dubai Financial Services Authority launches tokenization regulatory sandbox

According to ChainCatcher news, as reported by Cryptoslate, the Dubai Financial Services Authority (DFSA) has announced an invitation for companies to apply to join its tokenization regulatory sandbox, with the application deadline set for April 24, 2025. The DFSA is an independent authority responsible for regulating the Dubai International Financial Centre (DIFC). In an announcement on March 17, the DFSA stated that the sandbox program aims to attract companies looking to offer tokenized investment products and services. The sandbox provides a controlled environment for businesses to test tokenized financial solutions under the supervision of regulators.The DFSA explicitly stated that eligible services include tokenized stocks, bonds, sukuk, and collective investment fund units. Both existing firms that are already authorized by the DFSA and wish to expand their tokenization business, as well as eligible new applicants, can submit applications. After submitting an application, businesses will enter the assessment process. Successful applicants will receive structured testing opportunities within the sandbox and tailored regulatory guidance. The DFSA emphasized that only companies with strong business models and solid compliance capabilities will be selected. This sandbox program is part of the DFSA's broader innovation testing license initiative, aimed at helping businesses refine financial products and prepare for full authorization.

Galaxy Report: ETH Dominates Enterprise Blockchain Adoption with Use Cases like NFT and RWA Tokenization

ChainCatcher news, according to Bitcoin.com, based on a report by Galaxy Digital's Vice President of Research Christine Kim, over 50 traditional companies, including financial institutions like Deutsche Bank and Paypal, as well as brands like Louis Vuitton and Adidas, are developing cryptocurrency-specific applications on Ethereum and its L2 networks, focusing on non-speculative use cases such as RWA tokenization, NFTs, Web3 gaming, and scalable infrastructure.The report states that Ethereum is leading in RWA tokenization, with the value of managed assets nearly 10 times that of Stellar. Among 20 financial institutions building crypto infrastructure, 13 are issuing RWA, including BlackRock's BUIDL. Stablecoins are also thriving on Ethereum, with Paypal's PYUSD and Robinhood's USDG driving a 70% supply surge in 2024, while Ethereum holds over 50% of the $400 billion stablecoin market.Investment in scalable infrastructure emphasizes enterprise adoption. Deutsche Bank is developing a compliant financial solution on Ethereum L2 with ZKSync, while Sony's L2 project Soneium targets gaming and entertainment. These projects highlight Ethereum's role as a customizable foundation for enterprise-grade blockchain.Additionally, the centralized roadmap for Ethereum L2 balances scalability and security, attracting institutions seeking effective on-chain solutions. Regulatory tailwinds, including the SEC's focus on tokenization and collaborations like Stripe's $1 billion acquisition of stablecoin platform Bridge, indicate increasing mainstream adoption.Galaxy's report concludes that Ethereum remains the preferred chain for finance-focused crypto services, with RWA and stablecoins expected to expand by 2025. Kim noted, "As the most decentralized, widely covered, and longest-running general-purpose blockchain, Ethereum serves as a gateway for many institutions to incubate and launch finance-focused crypto services and products."
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