- Dubai's Land Department launched Prypco Mint, a platform tokenizing real estate on the XRP Ledger, allowing fractional property ownership starting at $540, as part of a $16 billion project to digitize 7% of the city’s real estate by 2033.
- The XRP Ledger was chosen for its energy-efficient consensus mechanism, contrasting with Bitcoin’s high energy use—equivalent to Argentina’s in 2021—making it a sustainable choice for large-scale asset tokenization.
- This initiative, backed by Sheikh Mohammed bin Rashid Al Maktoum, reflects Dubai’s ambition to lead in blockchain innovation, despite his controversial past, including a 2020 British court ruling on the abduction of his daughters.
