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Tokinvest, a regulated marketplace for real-world asset (RWA) tokenisation, has secured Dubai’s Virtual Assets Regulatory Authority (VARA)’s first full multi-asset issuance licence, sold out its debut tokenised racehorse, and closed a $3.2m pre-seed funding round.
The licence makes Tokinvest one of the few platforms globally authorised to issue and distribute tokenised real-world assets under a comprehensive regulatory framework, the company said.
Its debut project, the fractionalised sale of a world-class racehorse in partnership with Evolution Stables, marked a first-of-its-kind achievement in sports assets.
The token was issued on Polygon, a blockchain protocol that secures more than $1.1bn in RWA value locked.
Tokinvest to explore tokenised property
Tokinvest said it plans to expand into tokenised property, with a waitlist open for early access ahead of public release. Other assets in its regulatory pipeline include commodities, funds and bonds.
“We set out to make investing in real-world assets as simple as buying a stock,” said Scott Thiel, CEO and co-founder of Tokinvest. “Securing one of the first full issuance licences from VARA, closing our pre-seed round, and selling out our debut tokenised asset demonstrate both the market demand and the trust placed in Tokinvest.”
Thiel added that investors from three countries participated in the racehorse token, despite it being issued from Dubai, underscoring the city’s role as a hub for regulated asset formation and cross-border investment.
Alex Baddeley, CEO of Evolution Stables, said the partnership “was a groundbreaking step” that proved technology can create passion-driven investment opportunities.
Polygon’s head of Payments and RWA, Aishwary Gupta, said the launch showed how regulated platforms could “bring high-quality assets to global investors at scale.”
Tokinvest’s $3.2m pre-seed round was backed by VCs, family offices and high-net-worth investors, including Triliv Holdings and Exponential Science.
“As both an investor and a judge on The Final Pitch, I see first-hand the groundbreaking ventures emerging from Dubai,” said Jigar Sagar, founder of Triliv Holdings. “Tokinvest stands out for bringing regulation, trust, and accessibility to real-world asset tokenisation.”
