In a landmark move that signals Dubai’s accelerating embrace of digital asset innovation, the Dubai Multi Commodities Centre (DMCC) has entered into a strategic partnership with cryptocurrency exchange giant Crypto.com. This collaboration, formalized through a Memorandum of Understanding, aims to revolutionize global commodities trading through blockchain-enabled tokenization of physical assets.
The partnership brings together the world’s largest free zone and commodities trading hub with one of the most prominent digital asset platforms to explore transformative solutions for tokenizing real-world commodities. The initiative specifically targets precious metals, diamonds, energy products, and agricultural goods—seeking to modernize how these assets are financed, traded, and settled across international markets.
Key objectives include reducing settlement friction, enhancing price transparency, and expanding access to broader pools of market participants. The alliance will assess the potential listing of tokenized commodities on the Crypto.com Exchange, contingent upon regulatory approvals and existing listing requirements. Additionally, both organizations will jointly investigate digital asset custody models, liquidity-facilitation mechanisms, and digital-asset payment solutions across DMCC’s digital platforms.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, characterized tokenization as a structural opportunity to modernize commodities markets that still rely heavily on legacy systems. “The ability to move real assets on-chain could significantly enhance transparency and efficiency,” he stated, emphasizing Dubai’s positioning at the forefront of blockchain-enabled trade transformation.
The collaboration extends beyond market infrastructure to include educational initiatives through the DMCC Crypto Centre. These will feature workshops, hackathons, and capability-building programs designed to strengthen institutional understanding of tokenized asset models and foster responsible innovation within Dubai’s rapidly expanding Web3 ecosystem.
Crypto.com President Eric Anziani highlighted the significance of tokenized real-world assets as “one of the most significant advancements in the digital economy,” noting that the partnership provides an exceptional platform to explore these opportunities responsibly and at scale.
This agreement builds upon DMCC’s earlier partnership with Dubai’s Virtual Assets Regulatory Authority (VARA), forming part of a comprehensive strategy to develop secure, compliant frameworks for integrating physical assets into the digital economy. With over 26,000 member companies across various sectors, DMCC provides a diversified commercial environment for testing and implementing blockchain applications within global supply chains.