Dubai’s Tokenization Push: Why It Matters for XRP and Crypto at Large
Crypto just got another boost from the desert. Put simply, Dubai is turning real estate into code. The city has launched a $16 billion initiative built on the XRP Ledger to bring property ownership to the blockchain. The goal? Let anyone buy slivers of buildings the same way they buy crypto tokens.
The platform, called Prypco Mint, lets UAE citizens buy fractional shares of real estate with as little as 2,000 dirhams (about $545). The project was developed by fintech firm Prypco and blockchain developer Ctrl Alt, and it’s directly linked to Dubai Land Department’s infrastructure.
Every property transaction is recorded on the blockchain in real time. That means faster title deed updates, lower fees, and much less paperwork. With plans to open access to foreign investors, this isn’t just an experiment; it’s a shift in how we think about ownership.
