Oman Capital Markets Authority’s (OCMA) digital asset policies are soon to encompass the tokenization of real estate. Tokenization of this shape is going to be handy to both community and foreign investors alike.
Oman is about to complete the development of the administrative system in the third quarter of this year. Kemal Rizadi, OCMA’s advisor, shows that tokenization of real estate will most certainly allow for new improvements inside the real estate sphere.
Earlier, OCMA invited bids from January to March from agents to help build the essential administrative system for the country. Moreover, Rizadi announces that OCMA is presently working side-by-side with veterans in the field to guarantee the success of the brand new administrative system.
The advisor is disclosed to have a positive opinion on the matter of tokenization of the real estate in Oman. Rizadi expressed that the release of those new policies will supply the Sultanate of Oman with virtual assets for the first time ever.