ABU DHABI TOKENIZED EQUITY?

Summary from the TLDR Crypto newsletter

The Abu Dhabi-based M2 Exchange has launched a token called MMX that is tied to M2 Global Wealth Limited, giving rise to speculations of a possible tokenized equity platform being approved in Abu Dhabi. There are questions about its business structure as it has entities regulated both in Abu Dhabi and the Bahamas. However, Abu Dhabi's new legislation reflects a desire to make the city into a crypto hub, and allowing for tokenized equity like this thread suggests would set the region apart.