The Virtual Assets Regulatory Authority (Vara) of the emirate is instrumental in introducing tokenized gold into the financial mainstream, and Dubai is leading a global revolution in how investors obtain and exchange gold.
Tokenization, the process of creating blockchain-based digital representations of physical assets, is becoming a game-changing answer as demand for stable, inflation-resistant assets rises. It combines the timeless allure of gold with the ease and speed of contemporary banking.
The AuCan Gold project, a Canada-Dubai collaboration, is at the center of this change. Its goal is to establish the biggest integrated tokenized gold ecosystem globally, with an estimated $2.5 billion in real-world assets. Investors will have access to both security and physical redemption through AuCan’s tokenized assets, which are backed by more than 1.5 million ounces of gold deposits in Ontario’s Abitibi gold belt.
TheBlock, a chamber of virtual assets located in Dubai that collaborates closely with authorities like Vara, is helping to grow AuCan’s ecosystem. By the end of 2025, AuCan hopes to introduce two unique security tokens as a result of this partnership. A portfolio of gold assets will support the first, the AuCan Gold Token.
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