Dubai's VARA Approves 50th Virtual Asset License to Tribe Tokenisation; 39 Fully Operational

VARA3.94%
According to Cointelegraph, Dubai's virtual asset regulator VARA approved the 50th virtual asset service provider (VASP) license to tokenization platform Tribe Tokenisation FZE as of June 2026. As of end of 2025, 39 of VARA's licensed entities were operating at full capacity, with 2026 verification data still pending. The milestone positions Dubai ahead of Singapore, which has 37 licensed digital payment token service providers, and Hong Kong, which has 13 licensed virtual asset trading platforms.
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