The Dubai International Financial Centre (DIFC) Courts has launched a new suite of services to allow individuals to distribute their digital assets.
The Digital Assets Will allows users to distribute their digital assets using a non-custodial DIFC Courts wallet. This wallet gives individuals full control over their assets during their lifetime and allows them to allocate assets to beneficiaries as ‘specific gifts’.
Digital assets supported by the wallet include ETH, BTC, MATIC, USDC, USDT, and HBAR. Future updates will support NFT standards ERC 721, ERC 115, Ordinals, and Hedera Token Service (HTS).
Justice Omar Al Mheiri, Director, DIFC Courts, said, “In our digitally driven societies, individuals and businesses are increasingly seeking accessible public services. These new digital services, supported by the Dubai Economic Agenda D33 and Dubai Digital Strategy, break down barriers to justice and simplify processes for both administrative tasks and complex dispute resolutions.”
This new Will template joins existing DIFC Courts Will types, such as the Full Will, Property Will, Financial Assets Will, Business Owners Will, and Guardianship Will.
The DIFC Courts also offer an online automated Will drafting service and a Virtual Registry, allowing individuals globally to create and register a DIFC Courts Will. Investors and residents can access it from anywhere in the world via video link to a compliance officer in Dubai.
