DMCC Unveils World’s Largest Silver Bar Weighing 1.9 Tonnes At Dubai Conference

DMCC has introduced the largest silver bar globally, weighing 1,971 kg, and it has been officially acknowledged by Guinness World Records. This remarkable piece was showcased at the Dubai Precious Metals Conference on 24th November. The bar celebrates the UAE's founding year, embodying national ambition, craftsmanship, and innovation.

The project involves DMCC and key industry players in a groundbreaking initiative to tokenise the bar through DMCC’s Tradeflow platform. This marks the first instance of a Guinness World Record precious metal bar being tokenised under a regulated framework. Sam Precious Metals, Tokinvest, and Brink’s are collaborating on this venture.

Sam Precious Metals produced the bar, while Tokinvest is leading the digital tokenisation process under VARA regulation. Brink’s will manage secure storage and logistics. Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, highlighted that this initiative aligns with DMCC’s mission to connect trade, commodities, finance, and technology.

Scott Thiel, Co-Founder and CEO of Tokinvest, stated: "Tokenising a Guinness-record-breaking bar of silver, weighing 1,971kg to mark the formation of the UAE, is not only an honour but a milestone for the entire RWA industry. Precious metals have always been a trusted store of value, but access has traditionally been limited. This project brings a globally significant artefact into the hands of everyday investors."

This tokenisation effort follows DMCC’s strategic partnership with the Dubai Virtual Assets Regulatory Authority (VARA). The collaboration aims to develop secure frameworks for tokenised commodities. Sami Abu Ahmad from Sam Precious Metals remarked on how this achievement transforms national pride into a digital asset.

Sami Abu Ahmad said: "Creating the world’s largest silver bar is a celebration of craftsmanship, innovation and the UAE’s spirit of ambition. Partnering with Tokinvest and DMCC allows us to take this achievement further – transforming a symbol of national pride into a digital asset that represents the next evolution of precious metals investment."

With over 1,500 companies in its precious metals ecosystem and more than 700 Web3 and blockchain firms in its Crypto Centre, DMCC is well-positioned to lead in asset-backed digital instruments. This initiative demonstrates how physical assets can be digitised within trusted frameworks.

With inputs from WAM