Dubai’s Virtual Assets Regulatory Authority (VARA) and peaq, a company that builds computer systems for the Machine Economy, signed a Memorandum of Understanding (MoU) at GITEX GLOBAL 2025 in Dubai today.
According to the press release, this agreement will focus on how to regulate on-chain robotics, DePIN (Decentralized Physical Infrastructure Networks), as well as tokenized machines
Under the MoU, VARA officially recognizes peaq’s Machine Economy Free Zone (MEFZ) as a hub for developing real-world machine-based assets, and is now ready to support it.
Both sides will work together on four main goals: guiding companies that want licenses, sharing important data, helping new talent learn about this technology, and supporting the growth of the free zone.
peaq will provide data and ideas to help VARA understand what kind of rules the industry needs. VARA will, in turn, help projects connect with Dubai officials and get the approvals they need.
Moreover, the deal emphasizes how real-world machines are becoming active economic players through blockchain technology. For instance, peaq recently launched the world’s first tokenized robo-farm in Hong Kong and also introduced its Web3 and Robotics software development kit (SDK) that helps developers build new apps connecting machines to the blockchain. The MoU with VARA builds on these efforts so they can bring this new type of digital economy into Dubai in a legal and structured way.
“Dubai is committed to shaping the future of the digital economy by embracing emerging frontiers like the Machine Economy. Through this MoU with peaq, we are laying the groundwork for regulatory clarity in areas such as on-chain robotics, DePIN, and tokenized machines.
By combining innovation with responsible oversight, we aim to position Dubai as the global benchmark for the safe and sustainable growth of this next-generation asset class.” Matthew White, CEO of VARA, said in the press release.
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