{"slug":"tokenized-assets-uae-saudi-arabia-gulf","question":"Which assets have been tokenized in the UAE, Saudi Arabia and the Gulf?","answer":"7 Gulf-issued tokenized instruments are outstanding in our data: 4 digital bonds from Doha Bank, Qatar National Bank, Emirates NBD, First Abu Dhabi Bank; 3 tokenized properties — Dubai Land Department’s title-deed tokens and a Saudi real-estate sukuk — and 0 stablecoin.","shortAnswer":"7 Gulf-issued tokenized instruments are outstanding in our data: 4 digital bonds from Doha Bank, Qatar National Bank, Emirates NBD, First Abu Dhabi Bank; 3 tokenized properties — Dubai Land Department’s title-deed tokens and a Saudi real-estate sukuk — and 0 stablecoin. On top, Coinbase issues 65 stock tokens from a special-purpose vehicle in Abu Dhabi Global Market; the shares behind them are US and global companies, not Gulf ones. The bank bonds settle on institutional ledgers and have no public token market; the property tokens are bought on the issuing platform.","asOf":"2026-10-19","faq":[{"q":"Who regulates tokenized assets in the UAE?","a":"It depends on where the firm sits. In Dubai outside the DIFC it is VARA — its public register lists 59 licensed firms, 2 of them licensed for Category 1 virtual-asset issuance. In Abu Dhabi Global Market it is the FSRA: 21 active firms hold virtual-asset permissions and 3 may issue fiat-referenced tokens. In the DIFC it is the DFSA; onshore, the federal Capital Market Authority (formerly SCA), which lists 4 companies with virtual-asset activities. Payment stablecoins fall under the Central Bank of the UAE. Register counts as read on 14 Oct 2026."},{"q":"Can I buy tokenized Dubai real estate?","a":"The Dubai Land Department runs a tokenization pilot through the Prypco Mint platform: each token is a fractional share of a title deed recorded on the XRP Ledger. The first property, offered in May 2025 from AED 2,000, went to 224 investors; the second, in Kensington Waters, sold out to 149 investors in under two minutes, according to DLD. Who can take part, and how a share is sold again, is set by the platform’s terms."},{"q":"What is tokenized in Saudi Arabia?","a":"Little so far. The Capital Market Authority’s FinTech Lab lists 45 experimental permits, none of them for tokenization — real-estate fund platforms are the closest. The one tokenized product we found is a real-estate sukuk from Ghanem in the Real Estate General Authority’s sandbox, reported with about 550 investors in one property and not yet confirmed by the issuer."},{"q":"What about Bahrain and Qatar?","a":"The Central Bank of Bahrain licenses 10 crypto-asset firms, 1 of them as a stablecoin issuer. Qatar’s activity is bank bonds: QNB issued the country’s first digitally native bond, US$500m on HSBC Orion, and Doha Bank a US$150m note on Euroclear’s D-FMI. The QFC Regulatory Authority’s register of 72 authorised firms marks no digital-asset subset."},{"q":"Are Coinbase’s stock tokens Gulf assets?","a":"No. Coinbase Onchain SPV Ltd is incorporated in Abu Dhabi Global Market and issues 65 tokens on Base that track shares such as AMD or SK hynix. The issuer is in the Gulf; the shares are not. They are listed with each company’s other tokens on the underlying pages."},{"q":"Which of them can I buy without KYC?","a":"None of them is stated as buyable without KYC."}],"count":8,"rows":[{"ticker":"QA-DOHA-DIGI-FRN-2025","name":"Doha Bank digitally native FRN (Doha Finance Ltd)","issuer":"Doha Finance Ltd (guaranteed by Doha Bank)","category":"Tokenized Bonds","yield":"SOFR-based floating rate","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":"US$150m","chains":"Euroclear D-FMI","country":"Qatar","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.sc.com/en/press-release/doha-bank-issues-usd150-million-digital-bond-with-instant-settlement/","lastVerified":"2026-10-16T19:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/QA-DOHA-DIGI-FRN-2025","json":"https://tokenbank.world/api/tokens/QA-DOHA-DIGI-FRN-2025"},{"ticker":"QA-QNB-DIGI-2028","name":"QNB digitally native bond (Qatar's first)","issuer":"Qatar National Bank (QNB)","category":"Tokenized Bonds","yield":"Not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":"US$500m, 3-year floating rate","chains":null,"country":"Qatar","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://qna.org.qa/en/News-Area/News/2025-11/24/qnb-issues-qatars-first-native-digital-bond-in-us-500m-landmark-deal","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/QA-QNB-DIGI-2028","json":"https://tokenbank.world/api/tokens/QA-QNB-DIGI-2028"},{"ticker":"AE-ENBD-DNN-2026","name":"Emirates NBD AED Digitally Native Notes 2026-2029","issuer":"Emirates NBD","category":"Tokenized Bonds","yield":"Fixed (rate not stated on the issuer page)","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":"AED 1bn","chains":"Euroclear D-FMI","country":"United Arab Emirates","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.emiratesnbd.com/en/media-center/emirates-nbd-issues-middle-easts-first-aed-denominated-digital-bond-on-euroclears-dfmi","lastVerified":"2026-10-16T19:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/AE-ENBD-DNN-2026","json":"https://tokenbank.world/api/tokens/AE-ENBD-DNN-2026"},{"ticker":"AE-FAB-DIGI-FRN-2028","name":"First Abu Dhabi Bank digital FRN 2025-2028","issuer":"First Abu Dhabi Bank","category":"Tokenized Bonds","yield":"Floating rate, quarterly","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":"US$100m","chains":"HSBC Orion","country":"United Arab Emirates","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.about.hsbc.ae/news-and-media/adx-partners-with-hsbc-and-fab-to-launch-menas-first-digital-bond","lastVerified":"2026-10-16T19:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/AE-FAB-DIGI-FRN-2028","json":"https://tokenbank.world/api/tokens/AE-FAB-DIGI-FRN-2028"},{"ticker":"SA-GHANEM-2026","name":"Ghanem tokenized real-estate sukuk","issuer":"Ghanem (REGA real-estate sandbox)","category":"Real Estate","yield":"Not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":"≈ 550 investors, one property","chains":null,"country":"Saudi Arabia","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://ifninvestor.com/ghanem-platform-secures-550-investors-for-real-estate-fractional-ownership","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/SA-GHANEM-2026","json":"https://tokenbank.world/api/tokens/SA-GHANEM-2026"},{"ticker":"AE-DLD-PRYPCO-1","name":"Prypco Mint — first tokenized property (Dubai)","issuer":"Dubai Land Department / Prypco","category":"Real Estate","yield":"Not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":"XRP Ledger (DLD title-deed tokenisation)","country":"United Arab Emirates","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://dubailand.gov.ae/en/news-media/dld-launches-the-mena-s-first-tokenized-real-estate-project-through-the-prypco-mint-platform","lastVerified":"2026-10-16T19:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/AE-DLD-PRYPCO-1","json":"https://tokenbank.world/api/tokens/AE-DLD-PRYPCO-1"},{"ticker":"AE-DLD-PRYPCO-2","name":"Prypco Mint — Kensington Waters, MBR City (Dubai)","issuer":"Dubai Land Department / Prypco","category":"Real Estate","yield":"Not stated by the source","yieldPct":null,"yieldKind":null,"minimumUsd":null,"size":null,"chains":"XRP Ledger (DLD title-deed tokenisation)","country":"United Arab Emirates","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://dubailand.gov.ae/en/news-media/dubai-land-department-achieves-world-first-with-instant-sell-out-of-tokenized-real-estate/","lastVerified":"2026-10-16T19:00:00.000Z","tier":"imported","page":"https://tokenbank.world/token/AE-DLD-PRYPCO-2","json":"https://tokenbank.world/api/tokens/AE-DLD-PRYPCO-2"},{"ticker":"USDL","name":"Paxos Lift Dollar","issuer":"Paxos International","category":"Yield Stablecoins","yield":"Wound down — yield stopped 8 Dec 2025, balances converted to USDG","yieldPct":null,"yieldKind":"variable","minimumUsd":0,"size":"Smaller (emerging-market focus)","chains":"Ethereum / Arbitrum","country":"UAE (ADGM) — non-US, non-EU distribution","kycSecondary":"unknown","maturity":null,"lifecycle":"terminated","isin":null,"contract":null,"source":"https://www.paxos.com/newsroom/winding-down-usdl-lift-dollar","lastVerified":"2026-10-19","tier":"curated","page":"https://tokenbank.world/token/USDL","json":"https://tokenbank.world/api/tokens/USDL"}],"programs":[],"underlyings":[],"sources":[{"label":"VARA — public register of licensed virtual-asset service providers","url":"https://www.vara.ae/en/licenses-and-register/public-register/"},{"label":"ADGM FSRA — public register of firms","url":"https://www.adgm.com/public-registers/fsra/firms"},{"label":"UAE Capital Market Authority — licensed companies (open data)","url":"https://www.uaecma.gov.ae/en/open-data/licensed-companies"},{"label":"Central Bank of Bahrain — licensing directory","url":"https://www.cbb.gov.bh/licensing-directory/"},{"label":"Saudi CMA — FinTech experimental permits","url":"https://cma.gov.sa/en/Market/fintech/Pages/ExpFinTechs.aspx"},{"label":"Dubai Land Department — first tokenized real-estate project (Prypco Mint)","url":"https://dubailand.gov.ae/en/news-media/dld-launches-the-mena-s-first-tokenized-real-estate-project-through-the-prypco-mint-platform"}],"_links":{"page":"https://tokenbank.world/answers/tokenized-assets-uae-saudi-arabia-gulf","index":"https://tokenbank.world/api/v1/answers"},"_citation":"TokenBank, “Which assets have been tokenized in the UAE, Saudi Arabia and the Gulf?”, https://tokenbank.world/answers/tokenized-assets-uae-saudi-arabia-gulf (data as of 2026-10-19), CC BY 4.0.","_license":"CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/","_disclaimer":"Computed from sourced data; yields are variable and not guaranteed. Not investment advice. Verify each row’s source before relying on it."}