
Dubai has officially launched the government-recognized tokenized real estate platform โPrypco Mintโ to support and digitize the city’s property market.
As per details, Prypco Mint is the Middle Eastโs first tokenized real estate investment platform, which aims to help individuals invest or buy property starting from as low as Dh2,000. For now, the platform is only available to United Arab Emirates National ID holders. The project is led by the Dubai Land Department (DLD) in partnership with Prypco and collaboration with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the United Arab Emirates. The partnership aims to improve regulations, develop knowledge among investors, and attract international companies that focus on asset tokenization. In short, this project is designed to safeguard investor funds.
Experts at the Dubai Land Department believe that tokenized real estate will make property ownership more accessible by reducing entry barriers through fractional ownership. The department also revealed that over 3,000 investors have already shown interest in the platform.

The platform uses a tokenization infrastructure built and developed by Ctrl Alt. Matt Ong, CEO and founder of Ctrl Alt, said, โWe are proud to create the tokenization infrastructure that enables DLDโs partners to offer fractional real estate to investors. Dubaiโs leadership in embracing next-generation financial technologies is truly world-class, and this project is a powerful signal of whatโs to come.โ
The project provides real estate investment opportunities with the purchase of tokenized shares in ready-to-own properties in Dubai. The transactions would be carried out in UAE Dirhams with no use of digital currencies during its pilot phase. Investor funds are kept in regulated accounts monitored by DLD, VARA, and the Central Bank. Money is placed in a dedicated Client Money Account (CMA) structure and released only after the investment transaction is fully completed. By using the platformโs services, investor confidence will be boosted as they can easily access property details, pricing, risk factors, and other technical information, ensuring transparency.
The whole module and work of Real estate tokenization is very simple. It uses advanced blockchain technology to turn physical properties into digital tokens. These tokens represent small shares of a property, allowing people to invest based on their budget without having to buy the entire property. This makes real estate investment more accessible to smaller investors and first-time buyers. Unlike traditional crowdfunding, tokenization is more secure, transparent, and regulated, offering a safer and more modern way to invest in real estate.