On May 27, recently, the Dubai Land Department (DLD) in collaboration with real estate fintech company Prypco and infrastructure service provider Ctrl Alt launched the first real estate tokenization platform based on the XRP Ledger blockchain - Prypco Mint. This platform achieves digital management and trading of assets by tokenizing property ownership contracts and synchronizing official real estate records. As an important innovation project supported by the government, Prypco Mint is expected to tokenize about 7% of the Dubai real estate market assets, amounting to $16 billion, by 2033. Currently, the platform only supports transactions in UAE Dirhams (AED) and is limited to UAE ID holders, but plans to open access to global users in the future. Zand Digital Bank serves as the banking partner for this platform, with regulatory bodies including the Central Bank of the UAE, Dubai Virtual Assets Regulatory Authority (VARA), and the real estate innovation sandbox project under the Dubai Future Foundation. For global investors, the efficient and secure cross-border inflow of funds is key to participating in this digital real estate market. BiyaPay, as a leading multi-asset trading wallet, provides fast remittance services covering multiple countries and regions worldwide, supporting over 30 mainstream fiat currencies and more than 200 digital assets for online exchange. Users can easily remit funds from local accounts to Dubai through BiyaPay, with no limits on amounts, and using local transfer methods to ensure the safe arrival of funds, greatly enhancing the convenience and efficiency of cross-border investment. With BiyaPay, investors can conveniently participate in the Dubai real estate tokenization process, regardless of their location, seizing new opportunities for future wealth growth.

#XRP #USDT