DFSA’s June 2025 tokenisation sandbox update points the DIFC toward tokenised bonds, sukuk, fund units, trading, and custody

DFSA’s June 2025 tokenisation sandbox progression, framed as an investment-token market-structure signal for the DIFC.

It shows the regulator moving from application intake to supervised engagement with selected firms, while naming the asset classes and market functions under consideration: bonds, sukuk, fund units, trading, and safe custody.

Because the sandbox sits inside DFSA’s investment-token perimeter and contemporaneous DFSA materials exclude Crypto Tokens and Fiat Crypto Tokens from scope, the signal is tokenised investment infrastructure, not generic crypto liberalisation.

The Dubai Financial Services Authority’s June 16, 2025 sandbox update is notable because it names asset classes and operating functions under supervised testing. Read with DFSA’s March 2025 tokenisation guide and earlier Investment Token framework, the signal is a regulated capital-markets tokenisation path in the DIFC rather than a broad crypto-policy shift.