Dubai Launches 1st Tokenized Property Platform with Prypco Mint

Dubai Launches Prypco Mint: First Tokenized Real Estate Platform

Dubai Launches First Tokenized Property Platform with Prypco Mint ,Dubai has launched its first tokenized real estate investment platform, marking a milestone in the city’s evolution as a global leader in digital asset innovation. The Dubai Land Department (DLD), in partnership with fintech firm Prypco, unveiled the platform named Prypco Mint. It allows investors to purchase fractional ownership in properties starting at just AED 2,000 (approximately $540).

This initiative is part of a broader government-backed strategy to digitize up to $16 billion worth of real estate transactions by 2033. The announcement signals Dubai’s intent to lead the tokenization movement within the global property market and to make real estate investment more accessible to smaller investors and international buyers.

During the initial rollout, the platform will only support transactions in the local currency and be available to United Arab Emirates ID holders. However, DLD has confirmed that global access and multi-currency support are already in development. Future phases will also integrate with international banking and blockchain platforms.

Prypco Mint leverages blockchain infrastructure provided by Ctrl Alt, a leading tokenization technology firm. The platform uses the XRP Ledger for securely placing title deeds and ensuring synchronization with DLD’s land registry. This real-time connection with government systems enhances transparency, accuracy, and efficiency in property ownership records.

The regulatory framework surrounding Prypco Mint is comprehensive. Zand Digital Bank acts as the banking partner. Oversight is provided by Dubai’s Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, and the Dubai Future Foundation via its Real Estate Sandbox initiative.

Tokenization—converting physical assets into digital tokens on a blockchain—has gained rapid interest from financial institutions worldwide. It simplifies property transactions, reduces settlement costs, increases transparency, and enables instant liquidity through fractional ownership models.

The DLD expects tokenized properties to make up roughly 7% of all real estate transactions in Dubai by 2033. Based on current market performance, this equates to approximately $16 billion in tokenized asset value within the next eight years. The potential growth of tokenized assets globally is forecast to reach trillions of dollars, according to industry giants like Ripple, McKinsey, and Boston Consulting Group.

Buyers will be able to invest in premium locations such as Downtown Dubai, where prices and entry barriers have traditionally excluded smaller investors. Through tokenization, they can now buy shares in high-value assets without committing to full property ownership.

Other districts like Arjan and Dubai Land Residence Complex are also expected to benefit. These mid-tier zones offer a blend of affordability and infrastructure, making them attractive for fractional property investment through platforms like Prypco Mint.

Real estate professionals view this as a game-changer for Dubai’s property sector. Tokenization enables instant diversification, enabling investors to spread funds across multiple units and areas, rather than being tied to a single property. Developers, on the other hand, gain a new distribution channel to sell inventory quicker while maintaining ownership structures.

Meanwhile, The Valley draws attention with its community-driven design, wellness amenities, and large townhouse arrangements that appeal to growing families. These communities often see slower inventory absorption but maintain value through consistent demand.

First Tokenized Property Platform

The launch of Prypco Mint fits into Dubai’s broader push for innovation across blockchain, AI, and fintech. Government-led initiatives such as the Dubai Blockchain Strategy and the D33 Economic Agenda are positioning the city to be one of the top global financial centers by 2033. Real estate plays a central role in that ambition.

With regulatory clarity, robust technology, and institutional support, Prypco Mint is likely just the beginning. More tokenized platforms are expected to emerge, offering different asset classes, rental income models, and cross-border investor participation.

Dubai’s proactive approach to embracing tokenized real estate shows its readiness to redefine how global real estate is owned, traded, and managed. The future of property investment is digital—and it’s starting right here.