Dubai lets investors buy a slice of the world’s largest silver bar
Dubai: Eligible investors can now buy a fractional interest in the world’s largest silver bar after the 1,971kg Guinness World Record asset became the first tokenised commodity launched under the DMCC-VARA framework. The silver bar, made in the UAE by SAM Precious Metals from 99.9% pure silver, was created to commemorate 1971, the…
Dubai has opened up the opportunity for investors to acquire a portion of the world's largest silver bar, a Guinness World Record asset that is now the first tokenized commodity under the DMCC-VARA framework. This groundbreaking opportunity was made possible through the DMCC-VARA framework. The silver bar, weighing in at 1,971kg, was manufactured in the UAE by SAM Precious Metals using 99.9% pure silver.
The bar was created to celebrate the UAE's founding year in 1971. Tokinvest, a Dubai-based virtual asset platform regulated by the Virtual Assets Regulatory Authority (VARA), will issue fractional interests in the form of Asset-Referenced Virtual Assets on the BNB Chain. These tokens allow investors to gain exposure to the physical asset while enabling ownership to be divided into smaller digital interests.
The physical silver bar is securely held by Brink’s under the DMCC Tradeflow registry, ensuring the authenticity and safety of the underlying asset. The launch of this tokenized commodity marks a significant milestone in the UAE's journey toward institutionalizing crypto and digital assets, with the Digital Dirham and other institutional crypto initiatives already in place.
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