Ripple senior executive Reece Merrick announced a new XRP Ledger capability tied to Dubai’s real estate tokenization initiative, aiming to enable on‑ledger trading of tokenized property. The move may broaden XRP’s utility and attract new liquidity to the network.
Animoca Brands received a VARA license on Feb. 5 allowing it to serve institutional and qualified investors in Dubai, marking a regulatory milestone for its Middle East expansion.
Dubai Insurance has launched a crypto wallet powered by Zodia Custody, allowing policyholders to pay premiums and receive claim payouts in digital assets. It’s the first UAE insurer to enable on‑chain premium and claims flows, aiming to boost transparency and settlement speed.
UAE authorities have moved to outlaw privacy-focused cryptocurrencies including XMR, DASH and ZEC and introduced tighter stablecoin regulations to boost transparency. The measures aim to reassure institutional investors while increasing compliance for exchanges and issuers.
Dubai's DFSA has declared privacy-focused tokens incompatible with global compliance and is shifting to a firm-led token suitability framework while defining clearer stablecoin categories. The move explicitly flags tokens such as DASH, XMR and ZEC and raises compliance obligations for local crypto firms.
Dubai’s Islamic Affairs and Charitable Activities Department (IACAD) has launched a service that enables charities in the emirate to accept donations in cryptocurrencies and other virtual assets. The move, announced Dec. 20, 2025, aims to broaden funding channels and modernize charitable giving.
The Dubai Financial Services Authority has removed token-by-token approvals and now permits the use of all crypto tokens within the Dubai International Financial Centre, a move announced Dec. 17, 2025 to simplify the region's digital asset rules.
Dubai’s DMCC and Crypto.com announced a strategic partnership on Dec 16, 2025 to build blockchain infrastructure for tokenizing real-world assets in commodity markets. The collaboration aims to modernize trading, speed settlement and attract digital-asset investment to Dubai.
At Binance’s Blockchain Week in Dubai (Dec. 3–4), Ripple CEO said stablecoins are gaining recognition, signaling growing institutional and regulatory attention. His remarks highlight potential momentum for on‑chain payments and firms working with fiat‑linked tokens, including XRP.
A Dubai court has ordered a worldwide freeze on $456 million tied to an alleged diversion of TrueUSD reserves, a move that names links to Justin Sun's Techteryx bailout. The freeze could deepen scrutiny of stablecoin collateral practices and cross-border enforcement.