In the rapidly evolving financial world, tokenization is emerging as a transformative force. In an exclusive interview, Fireblocks policy director Dea Markova shared her valuable insights on Gulf’s crypto innovations and tokenized finance. As digital asset adoption accelerates in the world of finance, Markova underscores the need for secure infrastructure and collaboration between policymakers and technology leaders. In simple terms, her perspective offers a compelling view of the future where everything will be tokenized. 

Dea Markova’s Insight on UAE Crypto Regulation

In a recent interview, Dea Markova, director of Fireblock policy, stated that the Gulf nation’s crypto innovation is unique and effective as it lies in regulatory specialization. Dea also added that at TOKEN2049 in Dubai, she noted how Gulf nations have assembled dedicated teams that solely focus on digital assets regulation and unique selling points (USP). This reflects their commitment to align new technologies with established goals like user protection and financial stability. “They have a queue through the door of applicants and can’t process them as quickly as the industry wants, but it’s a strong signal to the market.” Since the demand is rising, Markova sees this as a strong market signal. 

Stablecoin and Global Crypto Regulation 

As of now, the dollar-backed stablecoins are dominating the current liquidity in the marketplace. But, Markova believes that a shift towards non-dollar stablecoins is inevitable. Dea said, “The market for non-dollar-denominated stablecoins is driven by governments who want to grow that market.” She admitted that the non-dollar stablecoins might not be commercial until people try to hedge their way away from the dollar-backed stablecoins. As Europe took the early lead in crypto regulations, Dea said that the EU has a strong foundation but lags in execution. She added that “The UK is learning from others’ experience.” “What they’ve issued is a legal outline – but the signals are very positive.” 

Fireblock – The World of Tokenization 

In a final note, Dea mentioned that Fireblock is currently focusing on scaling infrastructure to handle their clients’ payment facilities. However, for the long term, Fireblock is betting big on tokenization beyond finance. So, the company is not just about securities anymore; it’s about how global companies rethink the Fireblock process through tokenization.