Prypco Mint blockchain

Dubai has officially stepped into the future of property investment with the launch of its first government-backed real estate tokenization platform, allowing users to buy fractional ownership in properties — all powered by the XRP Ledger. This cutting-edge move is part of a broader strategy that aims to tokenize up to 7% of Dubai’s property market — valued at around $16 billion — by 2033. What Is the New Real Estate Tokenization Platform? The platform is called Prypco Mint and is a collaboration between: It enables investors — starting with just 2,000 AED (approx. $540) — to buy fractions of Dubai real estate, recorded securely and transparently on the XRP Ledger blockchain. Why the XRP Ledger? Ctrl Alt, the technical lead on the project, chose the XRP Ledger for its speed, low transaction costs, and eco-friendly design. All property title deeds are tokenized and directly synced with Dubai’s official real estate records through full integration with the DLD’s systems. This ensures that digital tokens on the blockchain always match the real-world property data. Who Can Use It? For now, access is limited to UAE nationals and residents with valid Emirates IDs. All transactions are processed in local currency (AED). But there’s more to come: Why Tokenized Real Estate Is a Big Deal Tokenization is transforming the way traditional assets — like real estate, bonds, or funds — are traded and owned. By placing ownership on a blockchain, transactions become: Major financial institutions like Ripple, BCG, and McKinsey have projected the tokenized asset market could reach trillions of dollars globally in the near future. What This Means for Dubai Dubai’s real estate market is already one of the most dynamic in the world. With this new tokenized platform, the city is positioning itself as a global leader in Web3 property investing. By 2033, officials project $16 billion worth of real estate transactions could be tokenized — giving everyday investors access to Dubai’s booming property scene like never before. Final Thoughts Dubai’s launch of Prypco Mint on the XRP Ledger isn’t just another crypto experiment — it’s a signal that blockchain-based property investing is becoming mainstream. As tokenized real estate gains momentum, expect Dubai to be at the forefront of innovation — blending traditional finance, real estate, and blockchain into a single, powerful ecosystem.