Tokinvest Launches Tokenised Deposit and Stablecoin Management System in Collaboration with UDPN

Tokinvest DMCC, a pioneering marketplace for real-world asset tokenisation and provisional Virtual Assets Regulatory Authority (VARA) licensed brokerage, is excited to announce the expansion of its collaboration with Universal Digital Payments Network (UDPN) and the launch of a Tokenised Deposit and Stablecoin Management System.

The market cap of stablecoins and tokenised deposits grew to $197.5bn, up from $171.6bn at the start of November, according to rwa.xyz¹, and is forecast to experience rapid expansion and diversification in the coming years. These “digital dollars” can be collateralised by a diverse range of assets including fiat currency, gold, treasuries and other tangible or financial assets. For regulated digital currency issuers, they represent a transformative opportunity to enhance liquidity, streamline cross-border transactions and dramatically speed up and reduce costs for business processes such as clearing and settlement.

Scott Thiel, CEO of Tokinvest, said: "The UAE now benefits from regulatory clarity around the launch of stablecoins under the VARA and Central Bank of the United Arab Emirates (CBUAE frameworks). The Tokinvest Tokenised Deposit and Stablecoin Management System provides a turnkey full-service solution to the growing list of banks, government entities and corporates with ambitions to launch and manage their own tokenised deposit or stablecoin using what we have assessed to be the best tokenised deposit and stablecoin management platform in the world today. It also enables us to support retail businesses looking to migrate their loyalty programs from the traditional loyalty point debt model to a tokenised consumer engagement model that sits on their balance sheet as a credit.”

The solution is a bank-grade product licensed to Tokinvest under a white-label reseller and support agreement recently concluded between the parties. The Tokinvest solution provides high-availability, open APIs for core banking system integration and third-party access to all tokenised deposit / stablecoin / loyalty programs via one single management portal. It also offers leading-edge security features such as air gap minting, role-based management, private-key approval mechanisms, 2FA login, Illicit activity screening, wallet/fund freeze/unfreeze and multi-signature controls. The solution supports multiple systems and different blockchain protocols under one unified management portal.

Tim Bailey, Vice President of Global Business & Operations of UDPN co-developer Red Date Technology, said: “Having collaborated for several years with the Tokinvest leadership, we are excited to appoint them as a partner and reseller of the tokenised deposit and stablecoin platform and to support the growth and adoption of fiat referenced virtual assets and payment tokens in MENA and Africa."

Tokinvest is committed to the responsible development of the regulated virtual assets ecosystem in the UAE. The partnership with UDPN and the launch of the Tokenised Deposit and Stablecoin Management System represents a significant milestone in that journey.

^{1 Source: RWA.xyz | Stablecoins}