Dubai is making a significant step! Over 16 billion US dollars in real estate assets have officially undergone tokenization through the XRP ledger. The Prypco Mint platform has been launched, providing proof of ownership rights on real estate in the blockchain, with all data synchronized in real-time with the land department, and transactions settled in dirhams.

Currently, participation is limited to UAE ID holders, with plans for expansion to the global market in the future. The Central Bank of the UAE, VARA, and other regulators are jointly ensuring security by creating the world's first model of compliant real estate on the blockchain.

Real estate tokenization is becoming an important breakthrough in converting real assets into digital ones. This step by Dubai could serve as a model for cities worldwide, and the wave of blockchain reforms is fully underway! $XRP the ecosystem is preparing for positive changes $XRP