Prime Highlight:
- DMCC unveiled the world’s largest silver bar, weighing 1,971 kilograms and certified by Guinness World Records, to showcase the UAE’s innovation and ambition.
- The record-breaking bar will be tokenised on DMCC’s Tradeflow platform, allowing everyday investors to access a traditionally high-value asset.
Key Facts:
- Sam Precious Metals manufactured the bar, Tokinvest is leading the tokenisation process under Dubai’s VARA rules, and Brink’s will manage storage and logistics.
- DMCC hosts over 1,500 precious metals companies and 700+ Web3 and blockchain firms, supporting the development of regulated, asset-backed digital instruments
Background
Dubai Multi Commodities Centre (DMCC) unveiled the world’s largest silver bar, weighing 1,971 kilograms, at the Dubai Precious Metals Conference on 24 November. Guinness World Records officially certified the bar. DMCC designed it to honor the UAE’s founding year and to show the country’s skill, ambition, and focus on innovation.
The initiative is part of a wider effort to tokenise the record-breaking bar through DMCC’s Tradeflow platform. This is the first time a Guinness World Record precious metal bar will be tokenised under a regulated framework. Sam Precious Metals, Tokinvest, and Brink’s are working together on the project. Each company plays an important role, from making the silver to digitalising it and keeping it safe.
Sam Precious Metals manufactured the bar, and Tokinvest is leading the tokenisation process following Dubai’s VARA rules. Brink’s will oversee storage and logistics to ensure the bar remains protected throughout the process. DMCC Executive Chairman and CEO Ahmed bin Sulayem said the initiative reinforces DMCC’s mission to connect global trade, commodities, finance, and technology.
Tokinvest Co-Founder and CEO Scott Thiel said tokenising such a significant piece allows everyday investors to access a valuable asset that was traditionally out of reach. He noted that the project marks a milestone for the broader real-world asset (RWA) industry.
Sami Abu Ahmad of Sam Precious Metals said creating the world’s largest silver bar reflects the UAE’s spirit of ambition. He added that turning this achievement into a digital asset represents the next stage of precious metal investment.
With more than 1,500 precious metals companies and over 700 Web3 and blockchain firms in its ecosystem, DMCC is positioned to lead the development of regulated, asset-backed digital instruments.
