Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

The Oman Capital Markets Authority (OCMA) is ready to incorporate real estate tokenization into its virtual asset regulatory framework, the report said, citing an adviser to the authority. According to the report, Oman expects to draft a virtual asset control regulatory framework by 2022 3Q3.

Adviser Kamal Rizadi is said to have commented on the tokenization of real estate property during a real estate exhibition and conference in Muscat, Oman.

The regulatory framework for currently established virtual asset and virtual asset service providers will, for the first time in the Sultanate of Oman, allow the issuance of virtual assets such as real estate tokens, Rizadi explained.