PRYPCO Mint, the first real estate tokenization platform in the Middle East and North Africa and the first globally to collaborate with a government entity represented by the Dubai Land Department, has announced the launch of the first tokenized real estate trading marketplace through its app on February 20.
This move follows the success of the pilot phase, which focused on testing the regulatory and technical frameworks for tokenizing real estate assets. The phase attracted investors from more than 50 nationalities and recorded investments exceeding AED 18.5 million, with one property selling out completely in less than two minutes.
The second phase begins by enabling the resale of tokenized real estate shares within an organized secondary market, allowing investors to buy, sell, and transfer ownership around the clock.
The platform was developed in partnership with the Dubai Land Department and is licensed by the Virtual Assets Regulatory Authority (VARA), with properties divided into digital tokens representing fractional ownership.
The platform aims to increase liquidity and simplify entry and exit from real estate investments, in line with Dubai’s Real Estate Strategy 2033 to enhance transparency and improve the investor experience. It is currently available to UAE residents aged 18 and above.
The company confirmed that the marketplace offers an innovative model that makes real estate investment more flexible and accessible, supporting the transition toward a more transparent and liquid digital property market and reinforcing Dubai’s position as a global hub for real estate innovation.
