Tokinvest Expands Collaboration with Universal Digital Payments Network to Launch Tokenised Deposit & Stablecoin Management System
We are excited to announce the expansion of our partnership with the Universal Digital Payments Network (UDPN) and the launch of the Tokinvest Tokenised Deposit and Stablecoin Management System. This innovative, bank-grade solution is poised to transform how businesses, banks, and governments manage stablecoins and tokenised deposits, creating new opportunities in liquidity, cross-border transactions, and loyalty program innovations.
Scott Thiel, CEO and Co-Founder of Tokinvest, said:
"The UAE benefits from regulatory clarity for stablecoins under the VARA and Central Bank of the United Arab Emirates frameworks. The Tokinvest Tokenised Deposit and Stablecoin Management System provides a turnkey full-service solution to the growing list of banks, government entities and corporates with ambitions to launch and manage their own tokenised deposit or stablecoin using what we have assessed to be the best tokenised deposit and stablecoin management platform in the world today."
With functionalities such as air gap minting, multi-signature controls, open APIs for seamless integration, and support for multiple blockchain protocols, this platform is designed to provide security, efficiency, and versatility.
Tim Bailey, Vice President of Global Business & Operations of Universal Digital Payments Network co-developer of Red Date Technology, said:
“Having collaborated for several years with the Tokinvest leadership, we are excited to appoint them as a partner and reseller of the tokenised deposit and stablecoin platform and to support the growth and adoption of fiat referenced virtual assets and payment tokens in MENA and Africa."
This launch marks a significant milestone in Tokinvest’s mission to responsibly develop the regulated virtual assets ecosystem in Dubai. The partnership with Universal Digital Payments Network and the launch of the Tokenised Deposit and Stablecoin Management System represents a significant milestone in that journey.
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