🇦🇪Active
Abu Dhabi (ADGM)
FSRA
Abu Dhabi Global Market's digital asset and securities framework.
2026 StatusTokenised fund interests are classified as Digital Securities rather than Virtual Assets, placing them under securities and fund regulation instead of exchange licensing. FSRA approved the first tokenized securities admission to its Official List in June 2026, with trading permitted on a recognized exchange venue.
Est. 2015
Digital Securities, Crypto Asset
Official Link
🇦🇪Active
Dubai (mainland)
VARA
Dubai's Virtual Assets Regulatory Authority mainland framework.
2026 StatusVARA licenses Asset-Referenced Virtual Assets under its 2025 ARVA rules — the dedicated category for tokenized real-world assets.
Est. 2022
VASP License, ARVA
Official Link
🇦🇪Active
DIFC (Dubai)
DFSA
Dubai International Financial Centre's financial services framework.
2026 StatusOperates a dedicated tokenisation sandbox for tokenised financial instruments.
Est. 2004
Investment Tokens, Funds
Official Link
🇦🇪Active
UAE Federal
SCA
UAE federal securities regulator governing virtual assets.
2026 StatusFederal regulator issuing Decision No. 4/R.M/2026, governing eight licensed virtual asset activities including broker-dealer and exchange services.
Est. 2000
Virtual Assets, Broker-Dealer
Official Link
🇸🇦Sandbox
Saudi Arabia
CMA / SAMA (joint)
Saudi Arabia's capital market and monetary authority fintech labs.
2026 StatusFirst tokenization in the Kingdom launched in real estate under joint REGA-CMA supervision; the CMA Fintech Lab (ExPermit programme) is the entry point for investment fintechs, granting an experimental permit to operate with users under CMA supervision before full authorization.
Est. 2003
FinTech Lab, Sandbox
Official Link
🇧🇭Active
Bahrain
CBB
Central Bank of Bahrain's digital token and crypto-asset module.
2026 StatusMature CBB Rulebook Volume 6 (Capital Markets) regulates Digital Token Offerings, classifying asset-backed tokens as Asset Tokens under security token definitions, with a structured sandbox-to-license pathway.
Est. 2006
Crypto Broker, Exchange
Official Link
🇴🇲Developing
Oman
FSA (formerly CMA)
Sultanate of Oman Financial Services Authority digital finance framework.
2026 StatusIn 2026, FSA officially issued its comprehensive Virtual Assets Framework regulating eight categories of activities, explicitly including provisions for tokenized securities under its Alternative Trading System module.
Est. 2024
Virtual Assets, Alternative Trading
Official Link
🇪🇬Developing
Egypt
FRA
Egypt's Financial Regulatory Authority exploratory digital asset module.
2026 StatusFRA is exploring digital asset registries and tokenized asset feasibility under broader capital market reforms.
Est. 2009
Pending
Official Link