TechFlow reports, on January 24, according to the official website of the Securities and Commodities Authority (SCA) of the United Arab Emirates, the SCA has released a draft regulation on security and commodity tokens and invited public feedback before February 14, 2025.
According to the draft, security tokens include equity tokens, bond tokens, and Islamic bond tokens, while commodity tokens include gold tokens, oil tokens, etc. These tokens are built on blockchain/DLT platforms and can be traded on virtual asset DLT platforms.
Security tokens and commodity tokens can only be traded and settled through markets or alternative trading systems, whereas bonds and Islamic bonds may be traded and settled over-the-counter.
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