Latest news with #Zand
Khaleej Times
3 days ago
- Business
- Khaleej Times
Tokenised property in Dubai: Who can invest, fees, ROI; 20 questions answered
Dubai launched the pilot phase of the ' Real Estate Tokenisation Project ' last month, with the first property recording an immense demand from small investors. With just Dh2,000, UAE residents can invest in the property market through the Prypco Mint platform, which was launched by Prypco in partnership with the Dubai Land Department (DLD), the Virtual Assets Regulatory Authority (VARA), and Zand. Here is what UAE investors need to know about this new investment opportunity in Dubai's red-hot property market. 1. What is the tokenisation of the property market? Tokenisation converts real estate assets into digital tokens recorded on blockchain technology. This allows fractional ownership in premium properties. Stay up to date with the latest news. Follow KT on WhatsApp Channels. 2. What is the platform to invest? Launched by Prypco in partnership with the Dubai Land Department (DLD), licensed by the Virtual Assets Regulatory Authority (Vara), Zand Bank, Prypco Mint is the platform for investors in the pilot phase. 3. What is the minimum investment? Investors can invest from Dh2,000 onwards. 4. Who can invest? Can foreign investors invest in tokenised property? Only UAE residents holding Emirates ID cards and aged 18 and above can invest. 5. How is the token value calculated? The value of each token depends on the size and price of the property. Prypco Mint breaks down every square meter of a property into 10,000 tokens. So, a 130 sqm property is split into 1.3 million tokens. The value of a token is then calculated by dividing the purchase price of the property by the total number of tokens. So a property worth Dh2.6 million costs Dh2 per token. 6. How many tokens can one buy? A maximum of 20 per cent of the total tokens in a single property can be bought. 7. How can one buy tokens? UAE residents can invest through bank transfers or debit/credit cards. Bitcoin and other cryptocurrencies are not accepted. 8. Is there a lock-in period? If you purchased a token through Prypco Mint, no lock-in period applies. 9. What are the benefits? Some of the key benefits are low investment entry, reduced fees compared to traditional real estate transactions, diversification of portfolio with fractional investments in multiple properties and monthly rental income as well as capital appreciation of the token. 10. Do investors need to register with Prypco Mint? Yes. UAE residents are required to provide documents to register with the platform. Prypco Mint is the only platform in Dubai for such investment opportunities. More platforms are likely to be rolled out later. 11. Is there a fee for investing? According to Prypco Mint, a two per cent fee is applicable on the investment and one per cent exit fee on exiting the investment, whether it's when you sell your tokens or when the property is sold. There is also a 0.5 per cent annual management fee. On the sale of the property, a capital appreciation fee ranging up to 15 per cent is applied, based on the property's value increase, according to Prypco Mint. 12. Is there a DLD fee also? There is a two per cent DLD fee for registering the tokenised title deed in your name, which is 50 per cent lower than the standard DLD fee. 13. How can investors exit their investment? Investors have two options for exiting their investment: 1. Selling their tokens on the Prypco Mint Marketplace once the lock-in period expires. They can withdraw the proceeds to their bank account. 2. If the majority of investors vote to sell the property, it will be sold. The proceeds, after relevant costs are deducted, will be distributed to investors based on their ownership share, and they can withdraw their share of the proceeds to their bank account. 14. How much return should investors expect? According to Prypco Mint, return on investment could range between 8 to 12 per cent per year. 15. Will the owner receive monthly rental income? Yes. Buyers will receive monthly income if the property is rented out. But if the token is sold before the monthly income is distributed, investors will not receive the income. 16. Who will pay for damages or major changes? If there's a material change, like the need for major repairs that could affect the property's value or returns, Prypco will notify all investors. They will then have the opportunity to vote on how to handle the situation. A decision requires a majority vote of 51 per cent of the investors. 17. Is it secure to invest in tokenised property? It is a highly secure and safe investment as all the owners are registered on the blockchain technology. 18. How many tokenised properties have been listed and fully funded? The first tokenised property listed on Prypco Mint was fully funded within a day. It was a Damac Properties unit, priced at Dh2.4 million compared to the market price of Dh3 million. The second property will be listed on June 11, 2025. 19. What is the growth potential? It is estimated that Dubai's real estate tokenisation sector is projected to reach Dh60 billion by 2033, accounting for 7 per cent of the total real estate transactions. This shows that there is a strong growth potential. 20. Why did Dubai introduce tokenisation of the property market? The objective is to attract global technology firms and open new investment opportunities for the investor market. It seeks to diversify property ownership by allowing multiple investors to co-own a single property through tokenised real estate assets.
Crypto Insight
04-06-2025
- Business
- Crypto Insight
Dubai regulator greenlights Ripple's RLUSD stablecoin
The Dubai Financial Services Authority (DFSA), the financial regulator in charge of the Dubai International Financial Centre (DIFC), has approved Ripple's RLUSD stablecoin. Following the approval, DIFC companies can now use the RLUSD stablecoin for various virtual asset services. These may include payments, treasury management and services. The DIFC is a free economic zone and financial district that serves companies throughout the Middle East, Africa and South Asia. The financial zone had nearly 7,000 registered businesses by the end of 2024. Under the DIFC's crypto framework, only tokens recognized by the DFSA may be used across the district's regulated ecosystem. Ripple sees 'huge interest' from UAE businesses Ripple said businesses in the UAE are growing increasingly interested in crypto solutions. 'The UAE's digital economy is vibrant and incredibly dynamic,' said Reece Merrick, Ripple's managing director for the Middle East and Africa. 'We're seeing huge interest from businesses of all sizes for cross-border payments and digital asset custody solutions,' Merrick added. Ripple said it is working with several local partners, including digital bank Zand and fintech platform Mamo, which are expected to be early adopters of the company's regulated payment services. In addition, Ripple said RLUSD will support the Dubai Land Department's real estate tokenization initiative. The company said the project will record title deeds on the XRP Ledger. On March 19, the Dubai Land Department (DLD) announced that it had started the pilot phase of its real-estate tokenization project. The project aims to be a registration entity implementing blockchain-based tokenization on property title deeds. Ripple expands global operations The RLUSD stablecoin approval follows Ripple's recent DFSA licensing. On March 13, the company said it had received a full license to operate in the DIFC. RLUSD is among the few stablecoins globally approved under the DFSA's crypto token regime and the New York Department of Financial Services (NYDFS) Trust Company Charter. On Dec. 10, the NYDFS approved the stablecoin. Apart from the RLUSD stablecoin, the DFSA has recognized Circle-issued stablecoins USDC and EURC (EURC) and approved their use in the DIFC free economic zone. Source:
Zawya
05-05-2025
- Business
- Zawya
Dubai Tokenization platform launches real estate tokenized investment for both retail and institutional investors
Enables fractional real estate investment starting from just $1, opening global property markets to a broader class of investors ForteXchain is powered by Fasset, in collaboration with Zand Bank to ensure secure, regulated digital asset custody and real-world asset tokenization in high-growth markets Launching in the UAE with a Dubai property offering in 2025, followed by global expansion and large-scale real estate tokenization Dubai, UAE – Capital Investment Holding Ltd., and Fasset, in collaboration with Zand Bank, today announced the launch of ForteXchain — a new blockchain-powered platform, that is designed to make global real estate investment more accessible and efficient through tokenization. The UAE, with its dynamic real estate sector and forward-thinking digital asset regulations, serves as the ideal launchpad for fractional real estate investment. ForteXchain eliminates traditional barriers to real estate investing by lowering entry costs, streamlining regulatory processes, and opening access to both novice and seasoned investors. By leveraging blockchain technology, the platform enables fractional investment in real-world properties starting from just $1 drastically reducing the participation threshold and offering unprecedented flexibility to both retail and institutional investors, subject to local regulations. ' Zand is proud to be the first UAE bank to offer institutional-grade custodial solutions, with private keys securely held within the UAE, ' said Michael Chan, CEO of Zand. ' Our mission is to accelerate the growth of the digital economy by expanding global access to tokenized Real-World Assets (RWA), including the real estate market, with unparalleled security, transparency, and regulatory compliance. ' Through tokenization, ForteXchain converts real estate assets into digital tokens, simplifying cross-border transactions and creating new liquidity channels for developers. This innovative approach connects real estate developers with a global investor base and accelerates capital raising while reducing reliance on traditional legal and financial intermediaries. In its inaugural issuance round, ForteXchain will present a curated portfolio of tokenized real estate assets across multiple countries. Letters of Intent (LOIs) have already been issued for the following jurisdictions, with due diligence and project exploration underway: Spain: Elysium City, a pioneering €18 billion sustainable development by Elysium City Spain, is set to transform a 12 million m² site in Extremadura, Spain into a regenerative urban ecosystem over multiple phases in the coming years. Envisioned as a biophilic, self-sufficient city powered by renewable energy, the project will feature over 13,000 homes and create an estimated 56,000 jobs. UAE: Centurion Properties Group & Arabia Capital is a UAE-based Real Estate investment firm specializing in real estate development and hospitality projects across the UAE encompassing residential, commercial, and mixed-use developments. Among its upcoming projects, Centurion Properties Group & Arabia Capital is focusing on Burj Capital, Arabia Residences, and Centurion Business Complex. Malaysia: Bin Zayed International, a leading UAE-based investment group, has announced a significant multi-sector investment plan in Malaysia over the next five years, with a strong focus on real estate, renewable energy, and financial services. Jazz City (Kulim, Kedah) - an ongoing project - is a flagship mixed-use development spanning 70.34 acres in Kulim, Kedah known as the 'Technology City' of northern Malaysia. Additional projects are under review and will be announced in the coming weeks. This initial phase will be followed by a comprehensive roadmap to bring these assets to market. ForteXchain's mission is to redefine how real estate is bought, sold, and invested in unlocking global participation and liquidity through a secure, blockchain-based infrastructure. Following this initial rollout, Phase Two will onboard institutional real estate projects. Phase Three will open the platform to both retail and institutional real estate projects, enabling them to submit and tokenize projects aligned with their respective investment profiles. ForteXchain leverages Fasset's existing regulatory licenses, which provide secure access to high-growth markets such as the UAE, Indonesia, Malaysia, Bangladesh, Pakistan, and Turkey. Zand Bank — a UAE-based AI-powered bank offering institutional-grade digital asset custody will act as the custody partner, responsible for safeguarding investor assets and funds. 'With global real estate valued at over $300 trillion, tokenization unlocks new opportunities for wealth creation and democratizes access to investment,' said Daniel Ahmed, COO and Co-Founder of Fasset. 'Fasset is proud to support ForteXchain with our technology and licensing expertise, enabling secure and compliant access to tokenized real estate.' How It Works: ForteXchain operates on Fasset's digital platform. Users begin by completing identity verification (KYC) to ensure compliance and security. Once verified, users can purchase digital tokens representing shares in specific properties. These tokens can be traded on a regulated marketplace offering liquidity rarely available in traditional real estate markets. Key Platform Features: Fractional ownership of vetted real estate assets Regulated digital marketplace for token trading Transparent blockchain-based transaction records Secure custody of funds and institutional-grade security for digital assets via Zand Bank Regulatory oversight facilitated by Fasset Built-in insurance coverage for fraud and asset protection Target Markets and Future Expansion: ForteXchain's initial target markets include the UAE, Indonesia, Malaysia, and select European countries. Future expansion plans include Bahrain, Bangladesh, Pakistan, Turkey, and South America. Real estate tokenization will eventually migrate to Own, a blockchain developed by Fasset specifically for Real-World Asset (RWA) transactions, following its mainnet launch in late 2025. Investment opportunities will span a diverse range of real estate asset types: development projects, income-generating properties, luxury and hospitality ventures, and institutional portfolios. This flexibility enables investors to align their investments with individual strategies and risk profiles — from young professionals to high-net-worth individuals. To learn more, visit About Capital Investment Holding Ltd. Capital Investment Holding Ltd. is a distinguished financial services firm specializing in strategic investments and asset management. With a diversified portfolio across sectors, the company is dedicated to identifying and nurturing high-potential opportunities that deliver long-term value. Its expertise in navigating complex financial environments makes it a trusted partner in the global investment community. About Fasset Fasset is a digital asset platform committed to driving financial inclusion in emerging markets. In 2024, Fasset launched Own, its Ethereum Layer 2 solution, designed to democratize access to decentralized finance. Founded by Mohammad Raafi Hossain and Daniel Ahmed, Fasset holds regulatory approvals across several jurisdictions, including the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and Bahrain with expansion plans underway. About Zand Zand is the first fully licensed all-digital bank in the United Arab Emirates, founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy. Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank. Zand, the AI-powered bank for the digital economy.
