Dubai Unveils Real Estate Tokenization Platform on XRP Ledger Amid $16B Initiative

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The Dubai Land Department (DLD), the government authority overseeing real estate in one of the world’s most dynamic property markets, has launched its first tokenized real estate platform—marking a pivotal step in the city’s digital transformation journey. This initiative is part of a broader vision to digitize $16 billion worth of real estate assets by 2033, leveraging blockchain technology to modernize ownership, investment, and transaction processes.

Introducing Prypco Mint: Fractional Ownership Made Accessible

The newly launched platform, Prypco Mint, is the result of a strategic partnership between the DLD and Prypco, a leading real estate fintech innovator. Designed to democratize access to Dubai’s high-growth property market, Prypco Mint enables investors to acquire fractional ownership in premium real estate assets starting from just 2,000 AED (approximately $540).

This low entry threshold opens doors for retail investors, first-time buyers, and global participants who previously found Dubai’s luxury real estate out of reach. By tokenizing property deeds, the platform converts physical assets into digital shares that can be bought, sold, or traded with greater liquidity and transparency.

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Phased Rollout with Strong Regulatory Backing

Initially, Prypco Mint is available exclusively to UAE ID cardholders and supports transactions only in United Arab Emirates dirham (AED). However, the Dubai Land Department has confirmed plans to expand access to international investors in the near future, with additional platforms and multi-currency support expected to roll out in upcoming phases.

To ensure compliance and financial integrity, the platform operates under strict regulatory oversight from multiple authoritative bodies:

Zand Digital Bank serves as the official banking partner, facilitating secure fiat on-ramps and off-ramps while ensuring seamless integration between traditional finance and blockchain-based systems.

Powered by XRP Ledger: Secure, Scalable, and Sustainable

At the heart of this innovation lies the XRP Ledger (XRPL), selected as the foundational blockchain for recording and managing tokenized property titles. The infrastructure is developed by Ctrl Alt, a tokenization specialist that has directly integrated with the DLD’s existing land registry systems. This ensures real-time synchronization between on-chain records and official government databases—eliminating discrepancies and enhancing trust.

Why the XRP Ledger? The choice reflects Dubai’s focus on efficiency, speed, and environmental sustainability. Unlike energy-intensive blockchains, XRPL uses a consensus protocol that is low-cost, fast (settling transactions in 3–5 seconds), and carbon-neutral—making it ideal for high-volume asset tokenization.

Aligning with Dubai’s Vision for a Tokenized Future

This launch is not an isolated experiment—it’s a cornerstone of Dubai’s ambitious strategy to become a global leader in blockchain adoption. The city aims for tokenized real estate to represent 7% of total property transactions by 2033, amounting to roughly $16 billion in value.

With one of the fastest-growing real estate markets in the world, Dubai is uniquely positioned to benefit from asset tokenization. The technology promises:

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What Is Tokenization—and Why Does It Matter?

Tokenization refers to the process of converting rights to a physical or financial asset into a digital token on a blockchain. In real estate, this means that instead of buying an entire property, investors can purchase tokens representing partial ownership—similar to buying shares in a company.

This trend is gaining momentum globally, with major institutions like Ripple, Boston Consulting Group (BCG), and McKinsey projecting that tokenized assets could grow into a multi-trillion-dollar market within the decade. A joint report by Ripple and BCG estimates the market could reach $18.9 trillion by 2033, driven by real estate, bonds, equities, and private funds going on-chain.

Frequently Asked Questions (FAQ)

What is real estate tokenization?

Real estate tokenization involves converting ownership rights of a property into digital tokens stored on a blockchain. Each token represents a share of the asset, allowing multiple investors to own, trade, or profit from it proportionally.

Who can invest through Prypco Mint?

Currently, only UAE residents with valid Emirates IDs can use the platform. International access is planned for future phases.

Is tokenized property legally recognized in Dubai?

Yes. The Dubai Land Department ensures that all tokenized titles are legally binding and synchronized with official land records. Regulatory oversight from VARA and the Central Bank adds further legitimacy.

How does blockchain improve real estate transactions?

Blockchain enhances transparency, reduces settlement times from weeks to seconds, minimizes fraud through immutable records, and allows fractional ownership—making real estate more accessible and efficient.

Can I sell my tokenized property share?

Yes. Once fully operational, the platform will support secondary market trading of tokens, enabling investors to buy or sell their shares based on market demand.

What makes the XRP Ledger suitable for real estate?

The XRP Ledger offers fast settlement (3–5 seconds), low transaction fees, scalability, and environmental sustainability—critical factors for handling large-scale asset tokenization securely.

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The Road Ahead: Global Expansion and Market Growth

As Dubai lays the groundwork for mass adoption of tokenized assets, other global cities are watching closely. The success of Prypco Mint could serve as a blueprint for urban centers seeking to modernize property markets using decentralized technologies.

Future developments may include integration with decentralized finance (DeFi) protocols, cross-border payment solutions, NFT-based title deeds, and AI-driven property valuation tools—all contributing to a smarter, more inclusive real estate ecosystem.

With strong government backing, cutting-edge technology, and clear regulatory frameworks, Dubai is positioning itself at the forefront of the next evolution in asset ownership.

Final Thoughts

Dubai’s launch of a tokenized real estate platform on the XRP Ledger is more than a technological upgrade—it’s a bold reimagining of how people buy, own, and invest in property. By lowering barriers to entry, increasing transparency, and aligning with global trends in digital finance, the city is setting a new standard for smart urban development.

As the $16 billion target by 2033 comes into focus, one thing is clear: the future of real estate isn’t just digital—it’s decentralized.

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