Dubai Unveils MENA’s First Licensed Real Estate Tokenization Platform

The Dubai Land Department (DLD) has launched the MENA region’s first licensed real estate tokenization initiative through the new “Prypco Mint” platform, signaling a major step forward in modernizing property investment across the Middle East and North Africa.

According to an announcement by the Dubai Government, the project is being launched in partnership with Prypco Mint, working closely alongside the Central Bank of the United Arab Emirates, the Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation (DFF) via the Real Estate Sandbox initiative. Furthermore, Zand Digital Bank is the appointed banking partner in the project’s pilot phase. 

The platform mint.prypco.com allows users to earn returns and gain fractional ownership in premium real estate developments in Dubai. While access is currently limited to individuals holding a UAE ID, plans are underway to expand the offering internationally, with additional platforms expected to be integrated in subsequent phases.

Beginning at AED 2,000 (around $540), participants will gain access to novel investment prospects via the acquisition of tokenized stakes in move-in-ready properties in Dubai. The Dubai Government confirmed that digital currencies will not be permitted during the initial phase, with all payments to be made solely in UAE Dirhams.

The platform offers investors detailed insights into each property, including pricing, potential risks, technical information, and minimum entry amounts, providing a transparent framework to support informed investment decisions.

“This initiative stems from a strategic partnership agreement between Dubai Land Department, Prypco, and Ctrl Alt Solutions, aimed at developing an innovative regulatory and operational framework for real estate tokenization,” the Dubai Government stated. “The partnership focuses on strengthening legislation, promoting knowledge, attracting specialised asset tokenization companies, and supporting innovation while safeguarding investor rights,” it added. 

As Dubai’s property sector embraces digital innovation, tokenized assets are expected to account for as much as 7% of the emirate’s real estate market by 2033—an estimated AED 60 billion (USD 16 billion) in value. Positioned at the forefront of this shift, Prypco Mint aims to serve as a foundational platform driving adoption and accessibility in the region’s growing tokenized property ecosystem. 

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.