#Binance #Dubai #Ripple #Tokenization

Dubai Launches $16B Real Estate Tokenization Platform on XRP Ledger

Summary :

Dubai Land Department (DLD) launches first tokenized real estate platform: Prypco Mint.

Developed with fintech Prypco and infrastructure firm Ctrl Alt.

Uses XRP Ledger to tokenize official title deeds, fully synced with government records.

Enables fractional property ownership from just 2,000 AED (~$540).

Part of Dubai’s $16B initiative to tokenize 7% of real estate market by 2033.

Aims to attract global investors and boost real estate liquidity through blockchain.

First major tokenization project in the MENA region backed by a government agency.