Virtuzone, a leading business solutions provider, and TOKO Network, a fintech platform offering a digital asset creation platform, have unveiled the first tokenized equity crowdfunding platform in Dubai. This follows a strategic partnership between the two companies, which was shared by Hedera, a member of the Hashgraph Hedera Governing Council.
The platform is aimed at investors and businesses in the Web3 space, and will be powered by blockchain technology to revolutionise private equity funding for early stage startups. TOKO has also secured a VASP operating licence from Dubai’s VARA.
TOKO managing director Scott Thiel said that the licence will help transform the broader investment space, encouraging financial inclusion through compliance and transparency. Neil Petch, Chairman and co-founder of Virtuzone, noted that the platform will open up Dubai as a key hub for startups and entrepreneurs looking for capital injection, and is a crucial part of the UAE’s drive to have 10 unicorn companies by 2031.
Dubai has become one of the most attractive destinations for blockchain and crypto innovation, and the new tokenized equity fundraising platform will no doubt contribute to its success.