The UAE SCA has released a draft regulation for the tokenization of securities and commodities, and the public can provide feedback before February 14

ChainCatcher news, the Securities and Commodities Authority (SCA) of the UAE has released a draft regulation for securities and commodities token contracts and invited the public to provide feedback by February 14, 2025. According to the draft, securities tokens include equity tokens, bond tokens, and Islamic bond tokens, while commodities tokens include gold tokens, oil tokens, and others. These tokens are all built on blockchain/DLT platforms and can be traded on virtual asset DLT platforms. Among them, securities tokens and commodities tokens can only be traded and settled through markets or alternative trading systems, while bonds and Islamic bonds can be traded and settled over-the-counter.