Tokinvest Raises $3.2 Million and Secures Multi Asset Licence in UAE

Tokinvest, a Dubai-based platform for tokenising real-world assets, has raised $3.2 million in a pre-seed funding round from Triliv Holdings, Exponential Science and other investors. The news comes as the company receives the first full multi-asset issuance licence from Dubai’s Virtual Assets Regulatory Authority to operate a regulated marketplace that creates virtual tokens representing rights to assets. Tokinvest said the capital will be used to scale its platform, expand regulatory coverage, and onboard new asset classes. "We set out to make investing in real-world assets as simple as buying a stock," said CEO and co-founder, Scott Thiel. "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. Founded in 2024, the company’s first tokenisation project, a racehorse in partnership with Evolution Stables, was fully sold out. The token was issued on Polygon, which the company said currently secures over $1.1 billion in real-world asset value locked. Tokinvest said it plans to introduce tokenised property assets next and has commodities, funds and bonds in its regulatory pipeline, subject to approvals.