In a transformative move that could redefine both physical and digital property markets, Dubai has officially launched the MENA region’s first government-led tokenized real estate investment platform—‘Prypco Mint’—built on the XRP Ledger. This initiative is part of the Dubai Land Department’s (DLD) long-term “Real Estate 2033 Strategy,” which aims to tokenize AED 60 billion ($16.3 billion) worth of real estate by 2033. With Ctrl Alt as its infrastructure partner, Prypco Mint offers fractionalized ownership opportunities to retail and institutional investors alike, beginning at just AED 2,000 ($545). Though the platform currently operates exclusively in UAE Dirham and is available only to UAE ID holders, global access and multi-platform expansion are expected in subsequent phases. In a region often defined by large-scale real estate mega-projects, Dubai is now signaling its shift from physical opulence to digital innovation. And it’s chosen XRP—not Bitcoin or Ethereum—to underpin this revolution. Why?
