Atlas America Fund Obtains VARA Approval to Launch USAF+ Permissionless Token
Atlas AI Labs FZE secured In-Principle Approval from Dubai’s Virtual Assets Regulatory Authority to issue USAF+, a permissionless asset-backed token collateralized by the Atlas America Fund ETF and referenced directly to its net asset value. USAF+ will hold short-duration U.S. Treasuries, TIPS, municipal bonds, gold, real estate, equities and commodities, with 24/7 trading access and third-party attestations of reserve backing.
1. VARA Approval Enables Permissionless Token Launch
Atlas AI Labs FZE received In-Principle Approval under VARA’s ARVA Rulebook to issue USAF+ in a fully permissionless environment. This authorization makes USAF+ the first digital asset backed by a NASDAQ-listed ETF to be issued and traded without gatekeepers.
2. Token Collateralization and Architecture
USAF+ is fully collateralized by the Atlas America Fund ETF, whose holdings include U.S. Treasuries, TIPS, municipal bonds, gold, real estate, equities and commodities. The token’s NAV is directly linked to the ETF’s net asset value, with reserves attested by a third-party verifier and continuous oversight from Atlas Capital’s Investment Committee.