PRYPCO Mint unveils second tokenised property, listing to go live on June 11
Image: PRYPCO
Following the rapid success of its debut tokenised property — funded in under 24 hours —
The move marks another major step in Dubai's push to redefine global property investment through blockchain-backed innovation.
The new listing features a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City, with a total valuation of Dhs1.5m.
Offered at a discount to its estimated market value of Dhs1.875m, the listing provides investors with immediate equity. Fractional ownership begins from Dhs2,000, reinforcing PRYPCO Mint's commitment to making premium real estate more accessible.
'The incredible response to our first tokenised property proved that investors are ready for a smarter, more accessible way to invest in real estate,' said Amira Sajwani, founder and CEO of PRYPCO. 'With our second property, we're continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience.'
Dubai Land Department and PRYPCO Mint partnership
Launched on May 25 PRYPCO Mint is a joint initiative between the Dubai Land Department (DLD) and PRYPCO, and is licensed by the Virtual Assets Regulatory Authority (VARA). The platform made headlines for executing the MENA region's first fully tokenised real estate transaction.
Its inaugural listing — a two-bedroom apartment in Business Bay valued at Dhs2.4m — was oversubscribed within 24 hours by 224 investors from more than 40 nationalities. The property had been listed below the DLD valuation of Dhs2.89m, with the average investment ticket at Dhs10,714.
In a significant regulatory milestone, the
The real estate tookenisation project operates within a regulatory sandbox established by the DLD in collaboration with VARA, the Central Bank of the UAE, and the Dubai Future Foundation (DFF).
Blockchain firm Ctrl Alt powers the infrastructure on the XRP Ledger, while Zand Bank provides integrated financial services as the initiative's official banking partner.
Designed for tech-savvy investors, millennials, and first-time buyers, PRYPCO Mint leverages a mobile-first interface to transform real estate into a flexible and liquid asset class.
The platform is currently available to UAE residents with valid Emirates IDs and is expected to open to international investors in its next phase.
The second listing is expected to further fuel investor interest and advance Dubai's role as a global leader in digital real estate innovation.
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