PRYPCO Rolls Out Regulated Marketplace for Tokenised Property Stakes in Dubai
Dubai’s real estate innovation agenda has taken another decisive step forward with the launch of a regulated secondary marketplace for tokenised property stakes. Beginning February 20, investors will be able to resell fractional ownership shares of real estate assets through the PRYPCO Mint App, marking the transition from pilot testing to live secondary trading.
This development follows the Dubai Land Department’s (DLD) earlier rollout of MENA’s first tokenised real estate project, built on Ctrl Alt’s Web3 infrastructure and supported by the Dubai Future Foundation. The move introduces full buy-and-sell functionality within a regulated framework, enabling digital property stake transfers under official oversight.
From Pilot to Live Trading
The marketplace is operated by PRYPCO Mint, which previously completed a pilot phase designed to validate the legal, regulatory, and technical foundations required to tokenise real estate directly on property title deeds.
During the pilot stage:
- Investors from over 50 nationalities participated
- More than AED 18.5 million in tokenised property investments were facilitated
- One offering was fully funded in just 1 minute and 58 seconds
The success of the pilot phase provided the regulatory confidence needed to open secondary trading under controlled live conditions.
Liquidity: The Structural Shift
Historically, one of the most significant limitations of real estate investment has been liquidity. Investors typically must wait for a full asset sale to exit their position. With secondary trading now enabled, fractional property stakes can be transferred without selling the entire property.
This introduces:
- Earlier exit opportunities
- Portfolio rebalancing flexibility
- Improved capital mobility
The marketplace operates 24/7, subject to compliance requirements and investor eligibility rules. Regulators will monitor pricing, transaction volumes, and investor behaviour in real time.
Regulatory Oversight and Investor Protection
The platform has been developed in collaboration with the Dubai Land Department and operates under licensing and supervision from the Virtual Assets Regulatory Authority (VARA).
Key regulatory safeguards include:
- Identity verification and compliance checks
- Approved digital trading channels only
- Governance controls linked to official title deeds
- Full integration with existing real estate laws
Tokenisation does not replace traditional property ownership laws. Instead, it divides a single property into digital tokens, each representing a proportional economic interest linked to the underlying title deed. Ownership of the physical asset remains governed by existing real estate regulations.
Participation Restrictions
Access to the marketplace is currently restricted to UAE residents aged 18 and above who hold a valid Emirates ID. This ensures compliance with local property ownership rules and regulatory requirements during the early phase of live trading.
While fractional ownership lowers capital barriers to entry, authorities have deliberately limited eligibility to maintain market stability during this controlled rollout.
Infrastructure Layer, Not Disruption
The PRYPCO Mint marketplace functions as an additional infrastructure layer within Dubai’s real estate ecosystem. It integrates land registration, blockchain-based digital assets, and regulated transaction governance into a unified framework.
Supporters argue that standardized digital processes could enhance:
- Transparency
- Operational efficiency
- Investor accessibility
- Market data accuracy
Importantly, this phase does not introduce new property rights. Instead, it provides a regulated mechanism for transferring economic interests in real estate under official oversight.
Data-Driven Expansion Strategy
Authorities have emphasized that this rollout is a controlled execution phase rather than broad expansion. Insights from live trading will inform future decisions on:
- Expanding tokenisation to additional properties
- Broadening investor eligibility
- Scaling infrastructure across more platforms
Performance metrics such as liquidity behaviour, pricing stability, compliance outcomes, and investor participation will guide future regulatory adjustments.
Strategic Significance for Dubai
The opening of secondary trading represents a milestone in Dubai’s broader real estate innovation roadmap. By integrating blockchain-backed ownership within a regulated land registration system, Dubai positions itself at the forefront of global real estate digitisation.
Rather than disrupting traditional real estate, tokenisation enhances capital efficiency while preserving regulatory integrity. The emirate continues to reinforce its reputation as a controlled testing ground for advanced real estate technologies under formal governance frameworks.
Conclusion
The launch of PRYPCO Mint’s regulated secondary marketplace marks the operational evolution of Dubai’s real estate tokenisation framework. Liquidity, transparency, and regulatory alignment are central to this phase.
For investors, the shift introduces flexibility without sacrificing oversight. For the broader market, it signals modernization rather than speculation — a structured step toward a more efficient, technology-enabled property ecosystem.
