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UAE 🇦🇪 regulator passes landmark decision: RWAs are NOT securities, unless underlying asset is security.

UAE 🇦🇪 regulator passes landmark decision: RWAs are NOT securities, unless underlying asset is security.

RWA breakthrough: UAE rule says token only security if underlying is security.

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Anton Golub
Jul 07, 2025
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Anton’s Newsletter
Anton’s Newsletter
UAE 🇦🇪 regulator passes landmark decision: RWAs are NOT securities, unless underlying asset is security.
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Securities and Commodities Authority (SCA) made it official:

Tokenized Real-World Assets are not securities unless underlying asset is security.

No ambiguity.
No crypto theatre.
No sandbox confusion.

This is legal clarity that Europe, US, and Asia are missing.

I explain:

- Gold token? Not a security.
- Real estate token? Not a security.
- Apple share token? Security!

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