More tokenised units soon as 1st ones are sold out

Dubai property ownership from Dh2,000: Interest in the platform remains high, with over 6,000 people on the waitlist

- Waheed Abbas

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.

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 of 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.