迪拜正式将现实世界中的资产令牌合法化

该市的虚拟资产监管机构（VARA）发布了更新的规则，现在正式允许在二级市场上发行和列出RWA代币

Dubai's Virtual Asset Regulatory Authority (ARVA) has been busy. The crypto regulator today announced Version 2.0 of its Rulebooks, tightening rules on margin trading, token distribution, and collateral wallet arrangements. Firms operating in the Web3 hub have until June 19 to comply with the new additions.

迪拜的虚拟资产监管机构（ARVA）一直很忙。加密监管机构今天宣布了其规则手册2.0版，收紧了有关保证金交易，代币分配和抵押钱包安排的规则。在Web3中心运行的公司必须在6月19日之前遵守新添加。

The updates to ARVA's capital market and broader crypto licensing regime come as the regulator prepares to introduce a new generation of crypto exchange licenses later this year.

随着监管机构准备在今年晚些时候引入新一代的加密交易所许可证，ARVA资本市场和更广泛的加密许可制度的最新消息是。

The changes also follow a series of reports from CC Chain highlighting the growing interest in real-world asset (RWA) tokenization in Dubai.

这些变化还遵循CC链的一系列报告，强调了迪拜对现实世界中的兴趣的日益增长的兴趣。

Earlier this year, ARVA unveiled plans to allow issuers to mint and institutions to trade RWA tokens in a move that could finally bring the long-hyped tokenization narrative to fruition.

今年早些时候，Arva宣布了允许发行人造币厂和机构来交易RWA代币的计划，以最终将长期大肆宣传的令牌化叙述带入成果。

Now, the regulator has confirmed that it has updated its Virtual Asset Issuance Rulebook to officially permit the issuance and listing of RWA tokens, commonly known as Asset-Referenced Virtual Assets (ARVA).

现在，监管机构已确认已更新其虚拟资产发行规则手册，以正式允许发行和列表RWA令牌，通常称为资产引用的虚拟资产（ARVA）。

The new rules, which come into effect on May 19, also place strict demands on issuers who want to launch ARVA tokens in Dubai.

新规定将于5月19日生效，还对想要在迪拜推出Arva代币的发行人提出了严格的要求。

To obtain a Category 1 license from ARVA, which is required for token issuers, firms will need to prepare a comprehensive white paper, publish a risk disclosure statement, and meet capital requirements of either 1.5 million AED (about $408,000) or 2% of the total reserve assets.

要从ARVA获得1类许可（代币发行人所需的），公司将需要准备一份全面的白皮书，发布风险披露声明，并满足150万AED的资本要求（约408,000美元）或储备金总资产的2％。

Issuers will also be subject to monthly independent audits and continuous regulatory supervision.

发行人还将受到每月独立审计和持续监管监督的约束。

"This is a key development as it brings the issuing of real-world asset tokens and their listing on secondary markets, which is covered by ARVA's Exchange Rulebook, one step closer to becoming a regulatory reality in Dubai and the broader UAE market," said crypto lawyer Irina Heaver, who is based in the UAE.

Crypto Lawyer Irina Heaver说：“这是一个关键发展，因为它带来了现实世界中的资产令牌及其在二级市场上的上市，该市场已被Arva的Exchange Rulebook涵盖，这是在迪拜和更广泛的阿联酋市场中成为监管现实的一步。”

"We can now officially say that issuers and platforms will need to comply fully with these changes by June 19, while the Exchange services will be granted at a later stage this year."

“我们现在可以正式说，发行人和平台将需要在6月19日之前完全遵守这些更改，而交换服务将在今年的稍后阶段授予。”

Compared to previous attempts to introduce security token offerings (STOs) in 2018–2019, which failed due to a lack of clear regulation and trading infrastructure, Dubai is now addressing these issues.

与以前在2018 - 2019年引入安全令牌产品（STOS）的尝试相比，由于缺乏明确的法规和交易基础设施，迪拜目前正在解决这些问题。

"It is also interesting to note that in other jurisdictions like Switzerland, there is still an open question about secondary trading of tokens even though the primary issuance is covered," added Heaver.

Heaver补充说：“还有趣的是，在瑞士等其他司法管辖区，即使涵盖了主要发行，也有一个关于代币的二级交易的疑问。”

"But in Dubai, both issuance and secondary trading will be permitted and regulated, setting the scene for a vibrant and compliant token market ecosystem."

“但是在迪拜，将允许和监管发行和次要交易，为充满活力且合规的代币市场生态系统设定现场。”