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Dubai Aims for a $16 Billion Market with XRP-based Real Estate Tokenization

2025/05/27 10:25
CoinPost
Written by L.Kikutani
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Dubai Aims for a $16 Billion Market with XRP-based Real Estate Tokenization

The First 'Prypco Mint' Platform in the Middle East

On May 25, the Dubai Land Department (DLD) announced the launch of the first real estate tokenization investment program in the Middle East and North Africa region through the 'Prypco Mint' platform, built on the XRP Ledger. This initiative was made possible through collaboration with the Virtual Asset Regulatory Authority (VARA) and the Central Bank. Investors can purchase tokenized shares in premium real estate projects in Dubai starting at a minimum of 2,000 dirhams (approximately 77,700 yen). During the pilot phase, all transactions are conducted in UAE dirhams, and cryptocurrencies are not used. Currently, the service is limited to UAE ID holders, but plans for global expansion are underway...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.