Dubai’s crypto economic free zone, the Dubai Multi Commodities Centre (DMCC), has begun issuing digital stakes by tokenising a 1,971-kg silver bar, the world’s largest, blockchain media outlet CoinPost reported on Tuesday.

The asset is the first tokenised commodity product launched under the framework of DMCC and Dubai’s crypto regulator VARA. Issuance will be handled by Tokinvest, a crypto platform regulated by VARA. Tokinvest began issuing fractional digital stakes in the silver bar to eligible investors from Sept. 7. Eligible investors include individual investors.

The tokenised silver bar has 99.9 percent purity and weighs 1,971 kg. Listed in Guinness World Records as the world’s largest silver bar, the token will be issued as an asset-referenced virtual asset, or ARVA. The issuance infrastructure uses BNB Chain. The physical silver bar is registered and verified on DMCC Tradeflow, and security company Brink’s will handle storage and logistics.

The project gained momentum after the silver bar was unveiled at the DMCC Dubai Precious Metals Conference held in November last year and received Guinness World Records certification. Precious metals manufacturer SAM Precious Metals made the bar to mark 1971, the year the United Arab Emirates was founded.

DMCC CEO Ahmed bin Sulayem said a plan presented in November 2025 had moved into the execution stage. Paul Boots, who oversees sector development at VARA, assessed the case as a model combining commercial infrastructure, regulated crypto issuance, institutional custody and blockchain technology.

Tokinvest co-founder and CEO Scott Thiel said silver bar investment had been an asset class that was largely difficult for individual investors to access. He said eligible investors, including individuals, can access the bar’s ARVA from Sept. 7.

From a market-structure perspective, the product splits physical precious metals into blockchain-based stakes and distributes them. As a result, investors who found it difficult to buy large physical assets directly can access a portion of the stake within a regulated framework. Regulated secondary market trading is expected to begin after the initial issuance, reflecting regulatory and platform requirements that will apply.

Amid the trend, DMCC is pushing the tokenisation as one of its initiatives linking commodities, capital and technology. The focus is expected to be on when secondary trading starts, whether regulatory requirements are finalised, and how tokenisation of real-world assets will expand in the precious metals market.