Solana Foundation and Vara sign the memorandum of understanding to launch the Dubai economic zone and stimulate web3 talent
The development of Dubai's digital assets takes a new step, the Solana Foundation signing a strategic understanding of understanding (MOU) with the Virtual Assets Regulatory Authority (Vara) of Dubai.
The agreement announced on June 3 focuses on the development of talents, regulatory collaborations and support for the new Solana economic zone proposed in Dubai.
The Solana Foundation has just signed a memorandum of understanding with Vara, the Dubai virtual asset regulatory authority. It opens the way to a deep collaboration between crypto manufacturers and regulators:
> Talent development programs
> Share data on economic effects + sector
> Workshops + Consultative sessions for … pic.twitter.com/vfxcdqzkzx– Solana (@Solana) June 3, 2025
This partnership will help Dubai to integrate web3 technology transparently into economic planning.
Technical and regulatory training, the exchange of economic data and targeted support for blockchain maneuver startups as part of Dubai licenses will be part of the joint programs. The founders will also be able to connect with investors and decision -makers through regular workshops, which contributes to their understanding of compliance requirements.
THE Solana economic zone will be an environment dedicated to founders and developers. The site will give direct access to VARA regulatory information and commercial consulting resources. The agreement also covers an anonymized data sharing plan in order to assess the effects of digital assets on employment growth and water economy.
Solana joins Aix and Interbix to launch tokenized stock market
Likewise, the Solana Foundation has also signed another memorandum of understanding with Astana International Exchange from Kazakhstan (Aix), Interbix and Jupiter. This agreement opens the way to a double rating framework by combining traditional stock market infrastructure with tokenized offers based on Solana's blockchain.
In this context, companies that plan to make an IPO to Aix could also issue tokenized versions of their interbix shares. Solana will serve as a layer of blockchain, and the decentralized tools of Jupiter will manage the technical infrastructure.
The initiative will also allow more effective access to capital markets and the integration of digital finance in existing regulatory models, said the CEO of Aix ASSEL MUKAZHANOVA.
Talgat Dossanov, CEO of Interbix, said that the agreement was an important step for capital training, connecting blockchain innovation with finance transparency. The hybrid model should improve the participation of investors by providing more practical, effective and secure negotiations in stock markets.
The partnership will have started from the authenticity of regulated public procurement with the transparency of decentralized networks, said the Solana Foundation. It aims to please a wider audience of investors and must be in conformity and evolutionary.
The floor price is convalescence
While Solana's market activity reports an increasing interest, daily graphics show that Sol has gained 4.5%, but the token is up 10% in the last month. However, it is still 8% down the week and is down 45.7% since its January summit of $ 293.31.
Bitcoin withdrawal from its highest May 22 of $ 111,814 coincides with the drop in prices, which implies that wider market trends are at stake
Analysts always expect soil to bounce after the recent volatility. The next network Firedancer update promises to increase its transaction speeds and ensure that they extend far beyond a million transactions per second.
A successful update could help bring back the faith of investors and support future rallies. From its $ 9 bottom in 2022, Solana established the norm for the rebounds.
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