Crypto.com, a global cryptocurrency exchange, and the Dubai Land Department (DLD), have signed a Memorandum of Cooperation (MOC) to explore the use of blockchain and digital currencies in the real estate sector. This announcement follows earlier news that the government will enable the payment of government fees using digital assets or cryptocurrencies.
As per the latest announcement, the initiative is part of the Dubai Real Estate Strategy 2033 that aims to build a smart, sustainable, real estate ecosystem using advanced technologies such as blockchain, and digital assets as well as tokenization.
The agreement was signed by His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, and Mohamed Abdul Latif Al Hakim, the authorised signatory for Crypto.com, in the presence of several officials and CEOs from both sides.
Dubai Land Department signs a memorandum of cooperation (MoC) with https://t.co/HZnta4oQ7D to develop a digital investment environment for virtual real estate assets and explore the use of blockchain technologies and digital currencies within the sector. This initiative aligns… pic.twitter.com/eeMDHT7ypu
— Dubai Media Office (@DXBMediaOffice) July 6, 2025
Crypto.com to support Dubai’s digital real estate transactions
Crypto.com will support Dubai’s digital real estate transactions using blockchain and digital currencies, better known as crypto for property transactions. This will not only help in increasing liquidity in the real estate sector but also modernize it.
The partnership also aspires to build an integrated digital ecosystem that enables real estate asset trading, investor verification, and the execution of digital custody and settlement processes within a secure and advanced framework.
Crypto.com will propose solutions for tokenizing real estate and trading digital assets, while the Dubai Land Department (DLD) will explore them and provide administrative and logistical support to implement these regulatory approved joint projects. Crypto.com will also offer technical support, analytical tools and reports for these projects.
The Department of Finance (DOF), which develops and executes the government’s annual budget, will allow payment of government fees in crypto via the Crypto.com UAE-regulated exchange. Once the system is activated, individuals and businesses will be able to use Crypto.com’s digital wallet and pay for government services. The platform will convert crypto payments into AED and securely transfer the funds to Dubai Finance accounts.
Dubai has commenced real estate tokenization
PRYPCO Mint, a joint initiative between the Dubai Land Department (DLD) and PRYPCO licensed by the Virtual Assets Regulatory Authority (VARA), has successfully completed two tokenized property listings.
This is part of the Real Estate Tokenization project, which operates under a framework developed by the DLD in partnership with VARA, the Central Bank of the UAE (CBUAE), and the Dubai Future Foundation (DFF) through the Real Estate Sandbox.
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