VARA, Securitize sign MoU for tokenization innovation in Dubai
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Dubai's crypto market now boasts 50 licensed entities; VARA approves tokenization platform Tribe Tokenisation.
According to a report by Cointelegraph, the Dubai Virtual Asset Regulatory Authority (VARA) has granted Tribe Tokenisation FZE, a tokenized asset platform, its 50th Virtual Asset Service Provider (VASP) license. VARA stated that licensed companies must undergo a controlled operational phase before officially providing services. As of the end of 2025, 39 licensed VASPs were fully operational, with the latest data for 2026 still under verification. In comparison, Singapore currently has 37 licensed digital payment token service providers, and Hong Kong has only 13 licensed virtual asset trading platforms.
Bitplanet and Antalpha signed a memorandum of understanding to invest 15 billion won in equipment to shift to Bitcoin mining.
According to Foresight News , citing CryptoSlate, South Korean Bitcoin treasury company Bitplanet has signed a Memorandum of Understanding (MOU) with Nasdaq-listed Antalpha and its partners to invest 15 billion won in Bitcoin mining equipment and launch full-scale mining operations this month. The mined Bitcoins will be recognized as operating revenue and managed as long-term financial assets. According to the plan, the first phase of the equipment is expected to produce more than 7 BTC per month and more than 80 BTC per year (subject to equipment utilization and electricity prices). The mining equipment will be deployed in overseas regions with competitive electricity costs, including Oman and Paraguay, and will adopt an overseas hosting and joint venture operation model.
The Beijing Municipal Bureau of Economy and Information Technology and the United Nations Industrial Development Organization signed a joint statement.
Mars Finance reported on July 2nd that at the main forum of the 2026 Global Digital Economy Conference, the Beijing Municipal Bureau of Economy and Information Technology and the United Nations Industrial Development Organization (UNIDO) officially signed a joint statement on cooperation to promote Beijing's industrial development, innovation, and digital transformation. This is a pioneering move in the institutionalized strategic cooperation between the two parties, filling the gap in cooperation between the capital's industrial digitalization sector and the United Nations Sustainable Industrial Development System. The joint statement establishes a long-term and stable cooperation framework, clarifying information sharing, experience sharing, industrial collaboration, capacity building, and technology transfer as the core directions of cooperation, and focusing on promoting two core tasks: first, establishing a global center of excellence for intelligent manufacturing and robotics; and second, deeply participating in the Global Digital Economy Conference and empowering the construction of the Global Digital Economy Cities Alliance. (Cailian Press)
Micron Technology and General Motors sign strategic agreement to secure supply and accelerate innovation.
According to a Bloomberg report on July 1, Micron Technology (MU.O) and General Motors (GM.N) signed a strategic agreement to secure supply and accelerate innovation.
Xingyun Technology: Its subsidiary signed a computing power service contract worth 5.508 billion yuan.
According to Mars Finance, Xingyun Technology (300209.SZ) announced that its controlling subsidiary, Hainan Xingyun, signed a "Computing Platform Service Agreement" and a "Supplementary Agreement" with a VC client to provide computing power services for a period of 5 years. The total contract amount, including tax, is 5.508 billion yuan. If the contract is successfully fulfilled, it is expected to have a certain impact on the company's operating results. (Cailian Press)
Securitize falls 16% after earnings miss, tokenization revenue drops
Securitize shares fell 16% from Wednesday’s close after the tokenization platform’s $14.4 million second-quarter revenue missed Wall Street estimates.