Tokinvest, a UAE-based tokenisation platform has raised $500,000 in pre-Seed funding from several investors, including Michael Ourabah, CEO of BSO to enhance the platform’s technological infrastructure, expand the team, and accelerate market penetration.
Founded in 2024 by Scott Thiel and Matthew Blom, Tokinvest is a marketplace that connects real-world asset issuers with investors globally. The advanced platform simplifies the investment process by creating virtual tokens representing rights to assets and providing comprehensive lifecycle services from ideation to trading to asset servicing.
“We believe in Tokinvest’s vision of setting standards in the real-world tokenisation industry. Their approach not only meets the highest legal and compliance levels but also aligns with current demand by providing accessibility to the most desirable assets for all investors. We are thrilled to be part of this exciting growth period for the company,” said Michael Ourabah, CEO at BSO and one of Tokinvest’s strategic investors.
Scott Thiel, CEO of Tokinvest, adds, “We are immensely grateful for the trust and support from our early investors. This funding fuels our technological and operational development and solidifies our strategy to lead in the real-world asset tokenisation space. We are excited about the opportunities that lie ahead and are keenly focused on launching our marketplace later this year.”
According to the company, tokenisation of real-world assets (RWA) delivers blockchains’ promise to democratise finance. Previous barriers to entry for RWA investing include cost, time and friction, which meant only the most wealthy and sophisticated players could partake. Tokinvest provides a gateway to asset liquidity, reduced transaction costs, new products, and broader investment opportunities.
Tokinvest utilises Dubai’s VARA framework, setting a new precedent for the issuance, distribution, and trading of virtual assets, irrespective of traditional asset classification. This ensures a secure and compliant environment, which is leading the way in the legal virtualisation of assets.
According to the World Economic Forum, tokenization can add US$230b annually to the MENA GDP.
Building on the momentum of this initial fundraising success, Tokinvest has now opened its next funding round. This upcoming round aims to attract further investment to scale operations, expand its global reach, and continue innovating within the real-world asset tokenisation market.
This news follows an announcement from Tokinvest securing initial approval for licensing from the Government of Dubai Virtual Assets Regulatory Authority (VARA). Licensing remains subject to fulfilment of pre-operating conditions and qualifying for operational approval.
