PRYPCO’s Real Estate Tokenization Model Expands to Georgia: UAE Proptech Platform Eyes New Market

Forget traditional deeds and paper trails—property ownership just got a digital upgrade. A UAE-based proptech player is exporting its blockchain-powered real estate model to a new frontier.

Breaking Borders with Blockchain

PRYPCO isn't just building in the sand anymore. The platform, known for tokenizing property assets in the Middle East, is setting up shop in Georgia. Its model slices physical real estate into digital tokens, letting investors buy fractions of buildings like they trade crypto. Think of it as an IPO for a single apartment block—minus the Wall Street suits and the six-month paperwork slog.

The Liquidity Play

Why does this matter? Liquidity. Traditional real estate is notoriously illiquid; selling a property can take months. Tokenization promises near-instant trades on secondary markets. It opens high-value assets to smaller investors who could previously only watch from the sidelines. For Georgia, a country keen on foreign investment, it's a potential magnet for capital that might otherwise flow to Dubai or Miami.

A Cautious Revolution

But let's not pop the champagne just yet. Regulatory frameworks for digital securities are still a global patchwork. Georgia's approach will be a critical watchpoint. Success here could blueprint expansion into other emerging markets hungry for modern infrastructure. Failure? Another case study for crypto skeptics who think tokenizing everything is a solution in search of a problem—or just a fancy way to sell overpriced condos to distributed ledger enthusiasts.

The move signals a quiet but significant shift: the infrastructure for a tokenized economy is being built, one property ledger at a time. Whether it truly democratizes access or just creates new, digital gated communities remains to be seen. After all, in finance, every 'disruption' eventually meets its oldest adversary: the fine print.

PRYPCO and Georgia’s Ministry of Justice to develop real estate tokenization

According to the announcement, both parties, PRYPCO and Georgia’s Ministry of Justice, will explore, develop, and implement an innovative real estate tokenization initiative in Georgia. Georgia seeks to modernize its real estate processes and improve investor confidence as well as position the country as a progressive, innovation-friendly jurisdiction for digital investment and futuristic property infrastructure.

Under the MoU, PRYPCO and the Ministry of Justice of Georgia will work together to promote legal and technological innovation across the real estate sector, enhance regulatory clarity, and encourage both domestic and international investment.

They will also support the secure, transparent, and compliant tokenization or digitization of real estate-related rights and interests in accordance with Georgian laws and regulations.

Amira Sajwani, Founder and CEO of PRYPCO, noted that PRYPCO is laying the groundwork for a responsive and compliant approach to real estate tokenization in Georgia. She believes that this will unlock new opportunities for global investors participating. She noted, “Georgia’s openness to innovation and its forward-looking policy mindset make it a natural partner as PRYPCO continues to expand its international government collaboration strategy.”

His Excellency Paata Salia, Minister of Justice, Georgia added, “This cooperation with PRYPCO represents an important step in Georgia’s efforts to modernize its real estate and legal infrastructure. By exploring innovative approaches such as real estate tokenization within a clear regulatory framework, we aim to increase confidence in Georgia as a secure and progressive investment environment.”

In 2025, PRYPCO closed a pre-Series A round for an undisclosed value led by General Catalyst and noted that the funding WOULD be used to expand its footprint across MENA and beyond. The agreement today is a representation of this expansion strategy. 

It also showcases the UAE’s strategy to share its expertise in virtual assets, tokenization, and blockchain with the world. In 2025, the UAE offered guidance to Pakistan on virtual assets, tokenization, and blockchain, involving private-sector leaders from DAMAC and Binance. Soon after, Binance and Pakistan signed an MoU to explore the tokenization of up to $2 billion in sovereign bonds, T-bills, and commodity reserves.

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