Dubai has cemented its status as a crypto innovation hub with the launch of the MENA region’s premier licensed tokenized real estate project.
Developed in partnership with the DLD, VARA, and the Central Bank of the UAE, the initiative leverages blockchain to fractionalize property ownership, tradable on the Prypco Mint platform.
The pilot phase, running on dirham-based transactions through Zand Digital Bank, offers entry-level investments at AED 2,000 ($545). While initially limited to UAE residents, the project—enabled by VARA’s May 19 RWA tokenization rules—is designed to scale globally, aligning with Dubai’s vision for a digitized real estate ecosystem.
