The recent surge in Bitcoin, along with strong demand for tokenized real assets (RWA), once again underscored the cryptocurrency’s position as a global hub.
The project was carried out by Dubai Land Authority.
Department), Central Bank of the UAE, Dubai Future Foundation
The tokens will be traded through a newly launched platform called Prypco Mint, which is jointly promoted by the Future Foundation.
The bank selected was Zand Digital Bank. On May 19, the Dubai Crypto Asset Regulatory Authority (VARА) announced regulations for RWA tokenization.
The IMF formally updated its rules to allow these assets to be traded on the secondary market, making the project one of the first to operate within a regulated framework.
The pilot phase will allow retail investors to buy shares in "instant ownership properties" in Dubai with tokens, with a minimum investment of 2,000 dirhams (roughly $5.5 billion).
The cryptocurrency will start at $45. All transactions will be in Dirhams (AED) and will not involve cryptocurrencies. At this stage, only UAE ID card holders can participate, but more will be added in the future.
The real estate tokenization project is the result of a joint venture between the Dubai Land Authority and VARA, which launched a real estate registry and asset tokenization project in April.
This is an extension of the system linkage plan. At the time, the two institutions' main goals were to attract foreign investment and increase liquidity, and the project was officially announced in March.
2025/05/27 12:35 KST
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