A new prohibition was added against falsely claiming participation in the Dubai Land Department real‑estate tokenisation pilot.
Before
There was no specific rule prohibiting misrepresentation of participation in the DLD tokenisation project.
After
Entities must not falsely claim or purport to participate in the DLD Real Estate Tokenisation Project; doing so may trigger enforcement action.
Source: VARA Dubai — Rulebook & Enforcement Notices
View original source →What this means for you
Centralized Exchange
Minor changeWhy this matters
While a CEX is a regulated entity that may market its token offerings, this rule only applies if the company specifically claims involvement in the Dubai Land Department pilot. It is a narrow prohibition on false advertising rather than a systemic operational requirement.
What to do
Review marketing materials and public communications to ensure no false claims are made regarding participation in the DLD Real Estate Tokenisation Project.
DeFi Protocol
Doesn't applyWhy this matters
The profile is a fully decentralized set of smart contracts with no operator or controlling party. As there is no entity to make claims or represent the protocol, it cannot falsely purport to participate in a specific government pilot program.
Custodian
Doesn't applyWhy this matters
The company profile is defined as a crypto-asset custodian focused on holding assets, segregation, and security. There is no indication in the profile that the company engages in real estate tokenization or marketing activities related to the Dubai Land Department.