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Prypco Partners with Dubai Land Department to Pioneer Real Estate Tokenization
Prypco Partners with Dubai Land Department to Pioneer Real Estate Tokenization
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Dubai's real estate market, long a magnet for high-net-worth investors, is poised for a blockchain-powered transformation. The Dubai Land Department has selected Prypco as its strategic partner to implement a fractional ownership framework through tokenization—a MOVE that could democratize access to the emirate's lucrative property market.
Prypco's PRYPCO Mint platform, licensed by Dubai's VIRTUAL Assets Regulatory Authority (VARA), represents the region's first regulated real estate tokenization infrastructure. The May-launched solution enables fractional ownership structures, allowing retail investors to participate with minimal capital outlay where traditional entry barriers were prohibitive.
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