TOKO and Virtuzone have teamed up to launch Dubai’s first tokenised equity funding platform.
The fintech firm and corporate services specialist established a tokenised equity crowd funding platform to cement Dubai’s standing as a destination for early stage and fast growing companies seeking a supportive business environment.
TOKO is one of the first companies in Dubai to be granted full market Virtual Asset Service Provider licence from Dubai’s Virtual Asset Regulatory Authority (VARA).
TOKO and Virtuzone partnership
TOKO is a sophisticated token engine, which creates data rich tokens representing fractional interests in real world assets.
The partnership with Virtuzone is set to transform early-stage private equity fundraising using blockchain technology to bring enhanced transparency, accessibility, and opportunity for both investors and the businesses seeking to raise funds.
It will provide investors with insight, information and access to private equities for their portfolio and the expectation of greater liquidity that comes with this digital transformation.
Scott Thiel, Managing Director of TOKO, said: “The VARA regulatory framework has been custom-designed for virtual asset transactions, providing a robust and clear route to market that is going to support the transformation of investments and facilitate financial inclusion.
“We are excited to be partnering with Virtuzone in tokenising early-stage equity investments”.
By tokenising early equity offerings, TOKO and Virtuzone will open up access to a broader range of investors, allowing both institutional and individual investors to participate in a more accessible and transparent manner.
The partnership is poised to take full advantage of VARA’s regulatory framework to drive positive change in the financial services sector.
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