Latest news with #tokenisation
Arabian Business
6 hours ago
- Business
- Arabian Business
Dubai virtual asset watchdog VARA grants licence to tokenisation platform Ctrl Alt
Ctrl Alt, a tokenisation infrastructure platform, as of today, has secured its licence from Dubai's Virtual Assets Regulatory Authority (VARA) to function as a Virtual Assets Service Provider (VASP). Ctrl Alt is the first VASP allowed to conduct issuer-related services, marking a significant step in Ctrl Alt's global expansion and underlines its dedication to wielding robust regulatory frameworks. Ctrl Alt was given a VARA licence that permits the company to administer licensed activities that include Broker-Dealer services and Issuer services. VARA approves Ctrl Alt VARA has granted a licence that permits Issuer services for the first time, a monumental achievement for Ctrl Alt. This license allows Ctrl Alt to conduct a full-stack, regulatory-compliant platform for the design, control and distribution of tokenised real-world assets and ARVA tokens. The latest example of this is Ctrl Alt's partnership with the Dubai Land Department (DLD) on their Real Estate Tokenisation Project, where Ctrl Alt formed the structure to mint and place real estate tokens on-chain. Dubai has established itself as a global leader in innovation and digital assets, particularly in the field of tokenisation. Backed by progressive regulatory frameworks and a forward-thinking strategic vision, the emirate has solidified its reputation as a hub for digital and financial innovation. Since its launch in 2022, the Virtual Assets Regulatory Authority (VARA) has played a crucial role in driving the growth of Dubai's digital economy. This supportive environment was a major factor in Ctrl Alt's decision to set up operations in the region in 2024. 'We are proud to receive our VARA licence and establish fully regulated operations in the UAE. This achievement reflects our commitment to long-term regulatory alignment as we power the infrastructure for the next generation of financial products,' Matt Ong, Founder and CEO at Ctrl Alt said in a statement. 'Securing our VARA licence marks a pivotal moment not just for Ctrl Alt, but for the broader digital asset ecosystem in the region. Dubai's progressive regulatory environment provides a strong foundation for innovation in tokenisation and we're proud to contribute to that vision by delivering secure, compliant tokenisation infrastructure for real-world asset issuance,' Robert Farquhar, Head of MENA at Ctrl Alt, added. This approval means Ctrl Alt becomes part of a developing ecosystem of licensed VASPs in one of the world's most innovative and ambitious regulatory environments for Web3 and digital asset innovation.
Khaleej Times
a day ago
- Business
- Khaleej Times
Dubai is taking a leadership role in real estate tokenisation
Dubai is taking a leadership role in the Middle East in real estate tokenisation that, according to Dubai Land Department, will reach to a market value of Dh60 billion ($1 billion), while the global real estate tokenization market is expected to reach $18.9 trillion by 2033. Nisus Finance Investment Consultancy FZCO (NiFCO Dubai) said, it has signed a Memorandum of Understanding (MoU) with Xchain Technologies FZCO (Toyow), a leading blockchain-based forensic and advisory firm, for the tokenisation of funds and assets worth up to $500 million (Dh1.83 billion), as the market shifts towards Web3 technology. Nisus Finance plans to conduct a Security Token Offering (STO) of its real estate assets under management (AUM) through Toyow's marketplace. Toyow will provide end-to-end technical support, including smart contract development, blockchain integration, and regulatory alignment. The news comes a few days after Dubai Land Department (DLD) launched the region's first tokenised real estate investment project through the 'Prypco Mint' platform. The initiative is being implemented in partnership with Prypco. These are in line with the UAE's futuristic national vision focusing on technology and innovation. The news comes a few days after the DLD launched the region's first tokenised real estate investment project in collaboration with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation (DFF). With DLD projecting tokenised real estate transactions to reach Dh60 billion by 2033 — or 7 per cent of the total market — Dubai is clearly positioning itself as a global hub for asset tokenisation. 'This MoU will help us develop real estate funds on the Web3 blockchain technology platform – that is set to revolutionise investment in real estate in the future,' Amit Goenka, Chairman and Managing Director of Nisus Finance Group (NiFCO), said. 'This would be our first such venture and depending on how the market responds, will usher in a new era in the UAE's high-growth real estate market. 'STO on a Web3 platform is secure, transparent and set to drive future real estate investment. Property developers are already introducing cryptocurrency and tokenisation as new channels of payment and raising funds. We are taking it a step forward by creating funds to accelerate the growth of the real estate market.' Tokenised private real estate funds are projected to grow to $1 trillion by 2035, with a total market penetration rate of 8.5 per cent. The tokenised ownership of loans and securitisations could grow to $2.39 trillion by 2035, with a total market penetration rate of 0.55 per cent, according to a report by the global business advisory firm Deloitte. As per the MoU, Xchain Technologies FZCO will tokenise Nisus Finance's Real Estate Assets Under Management (AUM) worth up to $500 million (Dh1.83 billion) as security tokens on Toyow, a global multi-category tokenised Real World Assets (RWA) marketplace. Toyow will leverage its platform to provide technical and operational support, including regulatory compliance across the UAE, DIFC, and international jurisdictions. Investors holding the Toyow Token will be able to invest in this fund using Toyow Token ($TTN). 'The tokenised real-world assets market (excluding stable coins) reached $15.2 billion by December 2024. This growth is fueled by a supportive regulatory landscape, technological advancements, and increased investment from financial institutions,' according to reports. The growth in real estate tokenisation is driven by several factors, including: increased institutional Interest; clear regulatory support; technological maturation; investment opportunities as tokenisation allows for fractional ownership and access to real estate for a wider range of investors, including those with lower investment capital. Surajit Chanda, Co-founder, Toyow, says, 'Partnering with Nisus Finance on an STO of this scale underscores the growing maturity of real-world asset tokenization in the region. At Toyow, our mission is to unlock liquidity and access for high-quality assets by offering a secure, compliant, and scalable infrastructure. This collaboration reinforces our belief that institutional-grade tokenization is no longer a concept—it's here, it's accelerating, and it's changing how capital flows into real estate.' Toyow will also manage investor onboarding and KYC/AML compliance, provide secure wallet and custody infrastructure, and enable both primary issuance and secondary trading of the tokenised assets—all within a seamless, compliant ecosystem designed for institutional-grade scalability. Toyow is redefining access to real-world assets by enabling the tokenisation of categories like real estate, art, precious metals, alternative investments, and more, on-chain. Built for institutional-grade compliance and scalability, Toyow enables asset owners to digitise, fractionalise and monetise high-value assets, while offering investors secure, transparent access to global investment opportunities through a liquid, blockchain-powered marketplace. The partnership is part of Toyow's growing tokenisation pipeline valued at over $38 billion across multiple asset classes and jurisdictions globally. As per the MoU, Toyow will list the tokenised real estate assets on its marketplace for primary and secondary trading, while managing liquidity mechanisms for the secondary trading of security tokens. In addition to these, Toyow will also oversee marketing, investor outreach, and awareness campaigns for the STO, in addition to providing a secure wallet infrastructure and custody solutions for tokenised assets. It will also handle all aspects of investor onboarding and operational execution for the STO, including customer support and transaction management. Disruptive technologies, such as asset tokenisation, are poised to transform real estate over the next few years. Built on blockchain technology, tokenisation converts physical or financial assets into fractional, digital representations that can be securely owned and traded online. 'Tokenised real estate could not only pave the way for new markets and products, but also give real estate organisations an opportunity to overcome challenges related to operational inefficiency, high administrative costs charged to investors, and limited retail participation,' according to a report by Deloitte. Tokenisation allows capital generation across the capital stack- including debt, equity, and hybrid funding on a single platform. Over the last eight years, since the first tokenised real estate deals were completed, tokenisation has helped open potential new avenues for real estate investment through fractional ownership, the report says. 'This technology could help build trillions of dollars of economic activity for the real estate sector over the next decade, in part, by allowing it to expand its investor base and product offerings. The Deloitte Center for Financial Services predicts that $4 trillion of real estate will be tokenised by 2035, increasing from less than $0.3 trillion in 2024, with a CAGR of 27 per cent,' it said.
Zawya
2 days ago
- Business
- Zawya
UAE's MAG and MultiBank launch world's largest real estate tokenisation initiative
UAE-based real estate developer MAG recently partnered with digital finance platform (backed by the financial derivatives giant MultiBank Group) and blockchain innovator Mavryk to launch a landmark $3 billion real estate tokenisation initiative. The initiative, labelled the largest of its kind worldwide, will debut through the $MBG token, part of MultiBank's upcoming digital finance ecosystem. This three-way partnership between MAG, Multibank and Mavryk highlights how traditional real estate giants and fintech leaders are joining forces to democratise investment in real-world assets. Through real estate tokenisation, physical properties are turned into digital shares or tokens on the blockchain. Instead of buying a whole apartment or villa, an investor can acquire fractional ownership of the property, earn daily income, and buy/sell these tokens like stocks. In exclusive interviews with Zawya Projects, Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, and Zak Taher, Founder and CEO of shared their insights into the vision, infrastructure, and investor safeguards behind the initiative. 'At MAG, we're very aware that this is new territory for many traditional investors,' said Al Gaddah. 'Real estate has always been about trust and real, lasting value. Just because the investment process is moving online doesn't mean those fundamentals should be lost.' Choosing the right properties MAG's first phase of tokenisation focuses on high-value, high-recognition developments. 'The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort and Keturah Reserve are some of our most renowned projects,' said Al Gaddah. 'They also have a history of strong demand from both local and international buyers.' By tokenising properties that already hold strong market credibility, MAG aims to offer investors reassurance while expanding access. Al Gaddah believes tokenisation offers a new level of liquidity and accessibility. 'By introducing tokenisation, we're giving investors the flexibility to buy, sell, and trade their stake in prime assets much more freely, even in a fast-moving market.' MAG's strategy focuses on making the experience intuitive, partnering with MultiBank Group and Mavryk to deliver educational content and hands-on support via 'Whether it's a simple explainer video, a live webinar, or transparent documentation about how tokenisation works, we want investors to feel comfortable every step of the way,' he explained. Protecting investors The initiative will prioritize regulatory compliance and investor safeguards. 'Protecting our investors has always been non-negotiable for MAG, and it's especially important as we move into the digital space,' Al Gaddah said. 'That's why we chose to work with MultiBank Group. They're recognised for their regulatory strength across multiple markets.' Zak Taher, Founder and CEO of added: 'With 17 regulatory licenses from financial authorities spanning five continents, we've developed one of the most comprehensive compliance frameworks in the industry.' implements a robust set of governance protocols in partnership with MAG and Mavryk, including strict KYC/AML [Know Your Customer/Anti-Money Laundering] checks and investor accreditation measures. 'Ultimately, our role is to bridge traditional finance and digital assets in a way that's both forward-thinking and fully compliant,' said Taher. Managing market volatility and secondary trading The initiative includes mechanisms to support price stability and liquidity in the secondary market. 'The MultiBank Group will be actively involved in guiding the trading of these tokenised assets on our regulated platform,' said Taher. Strategies include active liquidity provisioning, listing filters, and DeFi [decentralised finance]- based programmable trading pools enabled through Mavryk. Al Gaddah added, 'Every asset on the platform is backed by real, high-value properties, and everything is governed by transparent rules and smart contracts. Investors will be able to see exactly how the process works—from issuance to yield distribution—right on the blockchain.' Return on investment Yield generation is tied directly to the real-world performance of MAG's assets. 'The daily yield comes directly from the real performance of the tokenised properties, including rental income and hospitality revenues,' said Al Gaddah. 'On top of that, the MultiBank Group platform has built-in mechanisms, such as their buyback-and-burn model and staking incentives linked to the $MBG token.' Transparency is ensured with all yield distributions published on-chain and backed by regular audits. 'We want people to know that their gains are grounded in the actual results of high-quality assets,' he said. Future expansion Al Gaddah confirmed that the $3 billion initiative represents the first phase, with the platform designed to support up to $10 billion in tokenised real estate assets. 'We're committed to expanding this approach to other premium developments in our pipeline, not just residential but also mixed-use projects,' he disclosed. Taher highlighted the broader goal of establishing $MBG as a leading utility token for real-world asset investment, supported by tangible benefits and regulatory compliance. He emphasised that the token offers access to staking, yield distribution, discounted fees, and VIP participation tiers, and is underpinned by institutional-grade real estate and a revenue-linked buyback-and-burn model. 'We expect strong take-up in the first year, particularly from investors seeking regulated access to real-world assets on the blockchain,' said Taher. 'As we add more offerings and grow the platform, our goal is for $MBG to become the standard for utility tokens in this space.' 'For us, this is about building a more open, flexible, and globally accessible real estate market—one that reflects how people want to invest today and in the future,' Al Gaddah concluded. (Reporting by Rajiv Pillai; Editing by Anoop Menon) (
Zawya
2 days ago
- Business
- Zawya
Nisus Finance signs MoU with Toyow to tokenise up to $500mln in real estate assets
Dubai, United Arab Emirates: Nisus Finance Investment Consultancy FZCO (NiFCO Dubai) has signed a Memorandum of Understanding (MoU) with Xchain Technologies FZCO (Toyow), a leading blockchain-based forensic and advisory firm, for the tokenisation of funds and assets worth up to US$500 million (Dh1.83 billion), as the market shifts towards Web3 technology. Nisus Finance plans to conduct a Security Token Offering (STO) of its real estate assets under management (AUM) through Toyow's marketplace. Toyow will provide end-to-end technical support, including smart contract development, blockchain integration, and regulatory alignment. This is in line with the UAE's futuristic national vision focusing on technology and innovation. The news comes a few days after the Dubai Land Department (DLD) launched the region's first tokenised real estate investment project in collaboration with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation (DFF). With DLD projecting tokenised real estate transactions to reach Dh60 billion by 2033 — or 7 percent of the total market — Dubai is clearly positioning itself as a global hub for asset tokenisation. 'This MoU will help us develop real estate funds on the Web3 blockchain technology platform – that is set to revolutionise investment in real estate in the future,' Amit Goenka, Chairman and Managing Director of Nisus Finance Group (NiFCO), said. 'This would be our first such venture and depending on how the market responds, will usher in a new era in the UAE's high-growth real estate market. 'STO on a Web3 platform is secure, transparent and set to drive future real estate investment. Property developers are already introducing cryptocurrency and tokenisation as new channels of payment and raising funds. We are taking it a step forward by creating funds to accelerate the growth of the real estate market.' Tokenised private real estate funds are projected to grow to US$1 trillion by 2035, with a total market penetration rate of 8.5 percent. The tokenised ownership of loans and securitisations could grow to US$2.39 trillion by 2035, with a total market penetration rate of 0.55 percent, according to a report by the global business advisory firm Deloitte. As per the MoU, Xchain Technologies FZCO will tokenise Nisus Finance's Real Estate Assets Under Management (AUM) worth up to US$500 million (Dh1.83 billion) as security tokens on Toyow, a global multi-category tokenised Real World Assets (RWA) marketplace. Toyow will leverage its platform to provide technical and operational support, including regulatory compliance across the UAE, DIFC, and international jurisdictions. Investors holding the Toyow Token will be able to invest in this fund using Toyow Token ($TTN). Surajit Chanda, Co-founder, Toyow, says, 'Partnering with Nisus Finance on an STO of this scale underscores the growing maturity of real-world asset tokenization in the region. At Toyow, our mission is to unlock liquidity and access for high-quality assets by offering a secure, compliant, and scalable infrastructure. This collaboration reinforces our belief that institutional-grade tokenization is no longer a concept—it's here, it's accelerating, and it's changing how capital flows into real estate.' Toyow will also manage investor onboarding and KYC/AML compliance, provide secure wallet and custody infrastructure, and enable both primary issuance and secondary trading of the tokenised assets—all within a seamless, compliant ecosystem designed for institutional-grade scalability. Toyow is redefining access to real-world assets by enabling the tokenisation of categories like real estate, art, precious metals, alternative investments, and more, on-chain. Built for institutional-grade compliance and scalability, Toyow enables asset owners to digitise, fractionalise and monetise high-value assets, while offering investors secure, transparent access to global investment opportunities through a liquid, blockchain-powered marketplace. The partnership is part of Toyow's growing tokenisation pipeline valued at over US$38 billion across multiple asset classes and jurisdictions globally. As per the MoU, Toyow will list the tokenised real estate assets on its marketplace for primary and secondary trading, while managing liquidity mechanisms for the secondary trading of security tokens. In addition to these, Toyow will also oversee marketing, investor outreach, and awareness campaigns for the STO, in addition to providing a secure wallet infrastructure and custody solutions for tokenised assets. It will also handle all aspects of investor onboarding and operational execution for the STO, including customer support and transaction management. Disruptive technologies, such as asset tokenisation, are poised to transform real estate over the next few years. Built on blockchain technology, tokenisation converts physical or financial assets into fractional, digital representations that can be securely owned and traded online. 'Tokenised real estate could not only pave the way for new markets and products, but also give real estate organisations an opportunity to overcome challenges related to operational inefficiency, high administrative costs charged to investors, and limited retail participation,' according to a report by Deloitte. Tokenisation allows capital generation across the capital stack- including debt, equity, and hybrid funding on a single platform. Over the last eight years, since the first tokenised real estate deals were completed, tokenisation has helped open potential new avenues for real estate investment through fractional ownership, the report says. 'This technology could help build trillions of dollars of economic activity for the real estate sector over the next decade, in part, by allowing it to expand its investor base and product offerings. The Deloitte Center for Financial Services predicts that US$4 trillion of real estate will be tokenised by 2035, increasing from less than US$0.3 trillion in 2024, with a CAGR of 27 percent,' it said. About Nisus Finance Nisus Finance Services Co. Ltd. (NiFCO) is a leading, publicly listed real estate investment firm headquartered in India, with a proven track record of delivering high-yield, performance-driven assets across the country. In line with its global expansion strategy, NiFCO has extended its investor outreach across Southeast Asia, Europe, and the Middle East, bringing its deep sector expertise and innovative financial solutions to the UAE and broader GCC region. As part of this regional growth, NiFCO has launched the 'Nisus High Yield Growth Fund Closed Ended IC' ('Fund'), a DIFC-registered Property Fund and Qualified Investor Fund, incorporated under the laws of the Dubai International Financial Centre (DIFC). The Fund is an incorporated cell of Gateway ICC Limited and is advised by Nisus Finance Investment Consultancy FZCO ('NiFCO Dubai'), located in Dubai, UAE. Gateway Investment Management Services (DIFC) Limited has been appointed as the Fund Manager. For more information, visit Please tag Nisus Finance when sharing this information on your social media accounts. Instagram: Facebook: Nisus Finance, Amit Goenka LinkedIn: Nisus Finance Services Co. Ltd., Amit Goenka Twitter: NisusFinance About Toyow Toyow is a next-generation, multi-category tokenization platform enabling seamless access to real-world assets (RWAs) through blockchain technology. Built on the Base network, Toyow empowers institutions and investors to tokenize, trade, and manage physical and financial assets—from real estate, art and movies, to precious metals and alternative investments—on a unified, secure, and compliant marketplace. With a focus on regulatory integrity, investor protection, and scalable infrastructure, Toyow supports full-cycle tokenization services including smart contract development, STO launchpads, secondary trading, and custodial solutions. Its mission is to democratize ownership and unlock liquidity across traditionally illiquid asset classes for the next billion in Web3. To learn more, please visit: Please tag Toyow when sharing this information on your social media accounts. Instagram: @toyowofficial Facebook: Toyow LinkedIn: Toyow Twitter (X): @ToyowOfficial
Khaleej Times
3 days ago
- Business
- Khaleej Times
Dubai property ownership from Dh2,000: More tokenised units soon as first ones sold out
Developers across Dubai can now list their properties for tokenisation on Prypco Mint — the MENA region's first real estate tokenisation platform launched in collaboration with the Dubai Land Department (DLD) and other regulatory bodies, according to Amira Sajwani, founder and CEO of Prypco. 'Properties from all developers are welcome. As long as a unit offers strong value to our investors, we're happy to list it,' Sajwani told Khaleej Times in an interview. The platform's first listed property — a two-bedroom apartment in Damac Prive Tower in Business Bay — was fully funded within a day. It drew 224 investors from over 40 nationalities, with the average investment being Dh10,714. Prypco Mint enables fractional ownership of premium Dubai real estate through blockchain-based tokens, with investments starting as low as Dh2,000. Prypco Mint is a joint initiative by Prypco and the Dubai Land Department, licensed by the Virtual Assets Regulatory Authority (Vara), and backed by Zand Bank as its strategic banking partner. Following the platform's strong debut, multiple developers — including those outside Damac — have shown interest in listing their properties. 'We're open to properties from any developer, as long as the unit provides solid value. Since we're in the pilot phase, we need to take measured steps to ensure everything works smoothly,' Sajwani said. The Dubai Land Department also issued the world's first Property Token Ownership Certificate on Thursday, marking the official sale of the inaugural tokenised real estate asset on Prypco Mint. Interest in the platform remains high, with over 6,000 people on the waitlist. Below market value to attract investors Amira revealed that the first listed unit was priced below market value to encourage participation and test investor appetite. 'The market price was around Dh3 million, but we offered it for Dh2.4 million. It gave investors immediate upside and strong rental yield, making it an attractive starting point,' she explained. She added that tokenised real estate appeals to many investors who prefer to start small — sometimes with as little as Dh2,000 — without taking on debt. Participation is currently limited to UAE residents, but the platform plans to open up to international investors in the future. Indian investors lead the way 'We launched the project to test the waters, and the response was phenomenal. On launch day, our website received 3.6 million visits. We had overwhelming traffic, and people continue to ask when the next property will be listed,' Sajwani noted. Investors ranged widely in profile, contributing anywhere from Dh2,000 to Dh250,000 toward the Dh2.4 million property. Indian residents topped the list of investors, followed by UAE nationals. Competitive returns Sajwani, who also serves as managing director of Damac Properties and COO of Amali Properties, emphasised that returns on tokenised investments are on par with traditional real estate purchases. 'Rental yields in Dubai typically range from 5 to 7 percent, depending on location and the potential for capital appreciation. It's the same with tokenised properties—you're just investing alongside other individuals,' she explained. When asked about introducing off-plan projects to the platform, Sajwani declined to comment, noting that such decisions are subject to government approval.
