Latest news with #PrypcoMint
Khaleej Times
4 days ago
- Business
- Khaleej Times
Dubai: Indian, Emirati, Pakistani investors lead in tokenised property deals
More than Dh9 million worth of deals through tokenisation have been made in Dubai within a month of selling properties through Prypco Mint, Mena's first real estate tokenisation platform. According to data shared by Prypco Mint, Indians, Emiratis, Pakistanis, Canadians, Americans, and British topped the list of investors by investment amount. More than 50 nationalities based in the UAE have invested in tokenised projects. Properties listed on the platform are being fully funded in record-breaking times, averaging just three minutes per property. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Amira Sajwani, founder and CEO of Prypco, said this strong demand in the first month of the launch of tokenisation of real estate demonstrates how strongly the market is gravitating towards tokenised real estate. 'Investors today want flexibility, transparency, and the ability to participate in high-value property markets with lower entry barriers. We're excited to see demand for tokenised properties growing every day, as more people recognise this as the future of real estate investment,' she said. The latest projects that were fully funded were two apartments in Sobha Creek Vistas Grande and Liv Residence in Dubai Marina, both located in some of Dubai's most sought-after communities. The Sobha Creek Vistas Grande property was fully funded in just 10 minutes by 213 investors from 38 nationalities, with an average investment size of Dh7,512. Meanwhile, Liv Residence in Dubai Marina achieved full funding in an impressive three minutes, attracting 258 investors from 47 nationalities, with an average investment size of Dh7,210. In March, the Dubai Land Department (DLD) launched the pilot phase of the 'Real Estate Tokenisation Project' in collaboration with the Dubai Virtual Assets Regulatory Authority (Vara) and Dubai Future Foundation (DFF) through SandBox Real Estate. Real estate tokenisation transforms real estate assets into digital tokens using blockchain technology. Each asset is divided into shares based on an investor's budget and financial strategy, enabling fractional property ownership. This innovative approach marks a significant shift by allowing investors to acquire a portion of a property without fully purchasing it, leveraging advanced technology. Unlike crowdfunding, which grants investors access to the real estate market with small investments through digital platforms, tokenisation offers a distinct and more structured model for real estate investment. According to DLD estimates, Dubai's real estate tokenisation sector is projected to reach Dh60 billion by 2033, accounting for seven per cent of the emirate's total real estate transactions.
Time of India
13-07-2025
- Business
- Time of India
UAE: What is real estate tokenization? Dubai's Prypco sells out Dh1.75 million tokenized villa in under 5 mins
Tokenized real estate is projected to make up 7% of Dubai's property market by 2033, with an estimated value of Dh60 billion/ Representative Image TL;DR Prypco Mint sold a tokenized Dubai villa worth Dh1.75M in under five minutes to 169 investors. Real estate tokenization enables fractional ownership, offering secure, low-barrier access via blockchain. Tokenized assets could make up 7% of Dubai's real estate market, worth Dh60B by 2033. A Breakthrough Moment for Property Investment in Dubai As Dubai positions itself at the forefront of innovation in real estate, a new form of property ownership is rapidly gaining traction — real estate tokenization. This digital-first model is making real estate more accessible, efficient, and inclusive, and one company is leading the charge: Prypco Mint. In its latest milestone, Dubai-based tokenization platform Prypco Mint sold out its third tokenized property, a Dh1.75 million villa in Dubailand's Rukan Community, in under five minutes. The property was co-owned by 169 investors representing 40 different nationalities, each investing an average of Dh10,355. This achievement builds on a strong track record for the company. Prypco's first tokenized property was funded in under 24 hours, and its second was subscribed in just two minutes. Currently, only individuals with a valid Emirates ID can invest through the platform, but Prypco is preparing to open its marketplace to international investors, expanding access to Dubai's high-growth real estate sector. The momentum continues, with two more tokenized properties set to launch on July 15. These developments come as tokenized assets are projected to account for 7% of Dubai's real estate market by 2033, representing a potential market size of Dh60 billion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo What Is Real Estate Tokenization ? Real estate tokenization is a method of transforming the value of a physical property into digital units called tokens. These tokens are stored and managed on a blockchain, a secure, decentralized digital ledger that records all transactions. Each token represents a fractional ownership stake in the property, allowing multiple investors to collectively own a piece of real estate without needing to buy the entire asset. To put it simply, imagine dividing a property into a million tiny digital pieces. If someone buys 10,000 of those pieces, they effectively own 1% of that property. This fractional ownership model allows people to invest according to their budget, dramatically lowering the traditional barriers to entering real estate markets. The blockchain technology behind this system ensures that ownership records are tamper-proof, transparent, and secure. All changes to the records are immediately visible to all parties, significantly reducing the potential for fraud and disputes. In essence, tokenization removes the traditional complexities of property transactions, like endless paperwork, slow transfers, and high entry costs, replacing them with a digital system that is faster, more accessible, and easier to manage. Why This Matters: The Key Benefits of Tokenized Real Estate Tokenized real estate is not just a trend, it's a transformation in how people can access and benefit from property investment. Here's how: Increased Liquidity Unlike traditional real estate, where selling a property can take months, tokenized assets allow owners to buy and sell fractional shares easily, making it simpler to exit or adjust investments as needed. Lower Barriers to Entry Historically, investing in property required large capital commitments, often tens or hundreds of thousands of dollars. Tokenization reduces this threshold dramatically, with minimum investments on platforms like Prypco starting as low as Dh2,000 (approximately $540). Transparency and Security Because all transactions and ownership data are recorded on blockchain, every action is verifiable, and data cannot be changed retroactively. This makes the system more trustworthy and significantly reduces the risk of fraud. Global Participation Tokenized real estate platforms enable cross-border investment. Although Prypco currently only allows Emirates ID holders to invest, it has announced plans to welcome international investors soon, potentially opening Dubai's property market to a much larger global audience. Cost and Time Efficiency Digital transactions are generally faster and cheaper than traditional real estate deals. A recent survey by EY showed that 58% of high-net-worth investors view lower transaction costs as a major incentive to explore tokenized assets. Alignment with National Vision The push for tokenized real estate aligns closely with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033, both of which emphasize innovation, digitization, and economic diversification. Who Is Prypco Mint and What Are They Building? Prypco Mint is a licensed and regulated platform specializing in real estate tokenization, headquartered in Dubai. The company is officially licensed by the Dubai Virtual Assets Regulatory Authority (VARA) and operates in strategic partnership with the Dubai Land Department (DLD), two institutions central to real estate governance and innovation in the UAE. Prypco's mission is to modernize real estate investment by making it more inclusive, efficient, and secure. The platform allows investors to select properties, choose the number of tokens they want to purchase, and complete transactions digitally, all while maintaining full compliance with legal frameworks. By enabling fractional ownership, Prypco gives investors the ability to diversify their portfolios, enter premium real estate markets with smaller budgets, and track their holdings in real time through digital dashboards. In a region where traditional real estate processes can still be manual and time-intensive, Prypco represents a leap forward. The platform is being positioned as a future-ready solution aligned with Dubai's vision of becoming a global hub for digital assets and smart city innovation. The Future of Real Estate is Fractional, Digital, and Borderless The growing interest in platforms like Prypco shows a shift in how people view and access real estate. Tokenization is no longer just a theoretical concept; it is an operational model being deployed successfully in a major global city. With strong regulatory backing, enthusiastic investor response, and a roadmap for international expansion, Prypco is paving the way for a more accessible and efficient real estate market. Tokenized real estate is opening opportunities not only for high-net-worth individuals but also for first-time investors, expatriates, and global participants looking to enter Dubai's thriving property sector. If projections hold true, by 2033, Dh60 billion worth of Dubai real estate could be tokenized. That means everyday investors from around the world might soon co-own villas, apartments, and buildings in one of the world's most dynamic real estate markets, all without ever setting foot in a brokerage office. FAQs: Q. What is real estate tokenization? Real estate tokenization is the process of turning a property into digital tokens on a blockchain, allowing people to buy small shares and co-own the property. Q. How does tokenization make investing easier? It lowers the cost to enter, lets investors buy fractions of a property, and allows quicker, more secure transactions through blockchain technology. Q. What did Prypco Mint recently achieve? Prypco Mint sold a Dh1.75 million tokenized villa in under five minutes to 169 investors from 40 nationalities, showing strong demand. Q. Who can invest through Prypco Mint? Currently, only Emirates ID holders can invest, but Prypco plans to open to international investors soon. Q. How big can tokenized real estate become in Dubai? By 2033, tokenized assets are expected to make up 7% of Dubai's real estate market, with a projected value of Dh60 billion.
Business Recorder
12-06-2025
- Business
- Business Recorder
Dubai property: buyers purchase shares in one-bedroom apartment in record time
Dubai Land Department's (DLD) second tokenised real estate project was fully funded in a record-breaking one minute and 58 seconds, attracting 149 investors from 35 nationalities. The project allows users to own a share in prime real estate through blockchain-based tokens, starting from AED 2,000 ($545). Dubai's first tokenised real estate project signals 'major transformation' for property sector The new property listing featured a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City, with a total valuation of AED 1.5 million, offered at a discounted rate compared to its estimated market value of AED 1.875 million, 'giving investors instant equity and value'. The platform used for the sale is called Prypco Mint, which has said its mission is 'to make premium real estate accessible to a new generation of investors.' In a statement published Wednesday, DLD said 'this unprecedented demand pushed the waiting list to over 10,700 investors, reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate.' 'By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms, PRYPCO Mint is setting new standards for market accessibility,' it added. The idea is that tokenised assets will become a central part of Dubai's property market by 2033. Dubai Land Department has said interested individuals should register early and set up their accounts to take advantage of upcoming offerings before they sell out. Prypco's first property, a two-bedroom apartment in Business Bay, attracted 224 investors from over 40 nationalities, with an average investment of AED 10,714. Listed at AED 2.4 million, below its DLD valuation of AED 2.89 million, the listing was fully funded within one day. The platform was said it provides digital property ownership through a mobile-first experience, 'transforming real estate from a traditionally slow, capital-heavy asset into a flexible, inclusive, and liquid investment.' Currently available to UAE residents holding valid Emirates IDs, the platform is expected to open to international investors in its next phase.
Trade Arabia
11-06-2025
- Business
- Trade Arabia
DLD achieves key milestone with tokenised real estate sell-out
Dubai Land Department (DLD) has announced that its second tokenised project on the 'Prypco Mint' platform was fully funded in a record-breaking one minute and 58 seconds, attracting 149 investors from 35 nationalities. This unprecedented demand pushed the waiting list to over 10,700 investors, reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate, said DLD in a statement. By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms, Prypco Mint is setting new standards for market accessibility. As the platform expands its projects and partnerships, it is helping to shape a future where tokenised assets are expected to become a central part of Dubai's property market by 2033, it stated. Amid this momentum, DLD has called upon interested individuals to register early and set up their accounts to take advantage of upcoming offerings before they get sold out. This ongoing success underscores the effectiveness of the platform, which is officially accredited under DLD's Property Tokenisation Initiative, it added.
Coin Geek
10-06-2025
- Business
- Coin Geek
Dubai rides tokenization wave; Air Arabia embraces AE Coin
Getting your Trinity Audio player ready... To match the growing fervor around real estate tokenization, Dubai has seized the moment to launch a first-of-its-kind offer for investors in the region. The Dubai Land Department (DLD) said in its official statement that investors based in the United Arab Emirates can now invest in tokenized real estate through Prypco Mint, an investment platform built on-chain. Prypco Mint is a joint project involving Dubai's Virtual Assets Regulatory Authority (VARA), Dubai Future Foundation (DFF), and the Central Bank of the United Arab Emirates (CBUAE). The project, currently in its pilot phase, partners with Zand Digital Bank for this innovative initiative. Investors holding a national ID will be allowed to participate in the initiative, investing in tokenized real estate projects across Dubai. After the pilot stage is completed, authorities plan to expand the project regionally and globally. 'The platform enables users to generate returns and own a share in a prime real estate project in Dubai,' read the press release. By participating in this initiative, investors will have access to tokenized shares in Dubai-based properties with a minimum investment of AED 2,000 (US$544). Despite the reliance on blockchain, transactions on the platform will be conducted entirely with UAE Dirham rather than digital assets. Plans for a tokenized real estate have been in the works since early April, with the DLD and VARA charting a regulatory course for the offering. In mid-May, VARA updated its rules to allow real-world asset (RWA) tokens to be traded on secondary markets, providing regulatory backing for Prypco Mint. Going forward, the project will support the secondary trading of tokens, improving the overall liquidity. Apart from heightened compliance standards, tokenized real estate will offer fractional ownership, allowing a broad class of retail investors to dabble in Dubai's high-end real estate market. According to the DLD, the tokenized real estate verticals will grow to represent 7% of Dubai's real estate market by 2033. The report pegs the valuation of the growing niche at AED 60 billion (US$16 billion) in 2033. A Deloitte report projects the global tokenized real estate market to reach a $4 trillion valuation in 2035. The incoming spike will be buoyed by government agencies wading into the niche, with Nigeria and Israel already integrating the offering into their land registry operations. Air Arabia makes stride with dirham-backed stablecoin Meanwhile, Air Arabia has confirmed plans to accept the dirham-backed stablecoin, AE Coin, for flight bookings and other ancillary payments. The company is collaborating with digital banking giant Al Maryah Community Bank (Mbank) to support AE Coin payments. The stablecoin payments will be processed via Mbank's AEC Wallet app, cementing Air Arabia's place as the first regional airline to embrace stablecoins. Launched in late 2024, Mbank's AE Coin has clinched final approval from the UAE's financial regulator and will maintain a 1:1 peg with the dirham. For Air Arabia customers, integrating stablecoins for flight bookings will offer a raft of benefits. Adel Ali, Air Arabia's group chief executive, disclosed that the stablecoin option will cater to the growing demographic of clients, offering the perks of flexibility and convenience. 'The newly introduced payment option through AEC Wallet reflects our ongoing efforts to adopt smart solutions that bring greater value, choice, and flexibility to our growing customer base,' said Ali. Consumers keen on using stablecoins to book their flights will have to download Mbank's AEC Wallet and fund their wallets using existing payment options. Apart from the perks of flexibility, stablecoin also offers low transaction fees and price stability. 'By integrating AE Coin into flight bookings, we are simplifying the payment experience for travellers and enabling a seamless cashless solution that aligns with the growing digital economy,' said AE Coin General Manager Ramez Rafeek. The latest offerings follow the rollout of clear stablecoin regulations in the UAE. In 2024, authorities gave the green light for dirham-backed stablecoins, with several entities seizing the opportunities to launch their offerings. The Abu Dhabi International Holding Company and other UAE-based entities have teamed up to float their dirham-backed stablecoin. The UAE is doubling on efforts to revolutionize its financial landscape with emerging technologies. Outside of dirham-backed stablecoins, the country's regulators have given the nod to U.S. dollar-backed stablecoin offerings like USDC after a watertight licensing process. Alongside the pursuit of stablecoins, the central bank is probing the viability of a digital dirham to augment existing payment options. The central bank has hinted at a commercial rollout for the digital dirham in the last quarter of the year after months of central bank digital currency (CBDC) research. Watch: Richard Baker on engineering a smarter financial world with blockchain title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
