Dubai Land Department's Prypco Mint platform aims to tokenize $16 billion in real estate by 2033, offering fractional ownership starting at 2,000 dirhams while integrating with official property records.
Dubai has launched Prypco Mint, its first government-backed tokenized real estate platform, targeting the digitization of $16 billion worth of property by 2033. The platform enables fractional ownership starting at 2,000 dirhams ($540), currently available to UAE ID holders. Operating under multiple regulatory bodies and using XRP Ledger technology, the system synchronizes with Dubai's land registry while partnering with Zand Digital Bank for financial services.