Dubai Launches MENA’s First Licensed Real Estate Tokenization Platform

Dubai has taken a pioneering step in modernizing property investment across the Middle East and North Africa with the launch of the region’s first licensed real estate tokenization platform. The initiative, dubbed "Prypco Mint," is spearheaded by the Dubai Land Department (DLD) in collaboration with key regulatory and financial entities.

The platform, accessible via mint.prypco.com, enables fractional ownership of premium Dubai real estate, offering investors a novel way to earn returns. Partners include the Central Bank of the UAE, VARA, and the Dubai Future Foundation, with Zand Digital Bank serving as the banking partner for the pilot phase.

This MOVE signals growing institutional acceptance of blockchain-based asset digitization, though the announcement notably avoids mentioning specific cryptocurrencies or exchanges. The Real Estate Sandbox initiative provides a regulated environment for testing this innovative approach to property investment.