The DFSA launches Innovation Testing Licence explainer guide to boost innovation in the DIFC
The DFSA has released an explainer guide for its Innovation Testing Licence to help firms navigate the regulatory sandbox and bring innovative financial services to market in the DIFC.
LicensingSandboxTokenisationDigital Assets
The Dubai Financial Services Authority (DFSA) has published a new explainer guide on its Innovation Testing Licence, which serves as a regulatory sandbox allowing eligible firms to test innovative financial products and business models in a controlled environment with temporary regulatory modifications. The guide details the licence's purpose, eligibility criteria, application process, and obligations during the testing phase, and aims to provide clear and transparent regulatory guidance to support innovation. The publication precedes the Dubai FinTech Summit 2025, where the DFSA will feature prominently through various forum sessions and discussions on topics such as crypto regulation, digital assets, and tokenisation. Applications for the licence are open year-round, with decisions typically issued within 10-12 weeks.