Woofun AI reports that the Dubai Virtual Assets Regulatory Authority (VARA) has awarded its 50th Virtual Asset Service Provider (VASP) license to the tokenized asset platform Tribe Tokenisation FZE. VARA mandates that all licensed entities complete a controlled operational phase prior to commencing official services. Current data indicates that 39 licensed VASPs will be fully operational by the end of 2025, with 2026 figures pending verification. This milestone places Dubai ahead of Singapore, which holds 37 licensed digital payment token service providers, and Hong Kong, which has 13 licensed virtual asset trading platforms.