Pyse to launch Shariah token based on Dubai food deliveries

GLOBAL: Bengaluru-based Pyse received the required non-objection certificate from Dubai's Virtual Assets Regulatory Authority to distribute PYSE Green Velocity 1, a token to fractionalize lease-based cash flows from electric motorcycles used for food deliveries in Dubai. The Shariah compliant offering, certified by AmanX, will be distributed in Dubai through MANTRA Finance, with a waitlist now open for its community and public investors. The waitlist will close ahead of the 10th February 2026 launch.

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