The Dubai Land Department (DLD), in collaboration with Ctrl Alt and supported by VARA and the Dubai Future Foundation, has launched a blockchain-based property tokenization project on the #xrp Ledger. The initiative allows fractional ownership, enabling investors to participate in real estate for as little as AED 2,000 via the PRYPCO Mint platform. Aimed at enhancing transparency and accessibility, the project targets a tokenized property market worth $16 billion by 2033. Over 3,000 investors have already signed up, marking Dubai's leadership in blockchain-powered real estate innovation in the MENA region.
