🚀 Dubai launches a real estate tokenization platform on the XRP Ledger as part of a $16 billion initiative!

🏗️ In collaboration with Prypco (a real estate fintech firm) and Ctrl Alt (infrastructure provider), the Dubai Land Department (DLD) has launched the first official real estate tokenization platform in the emirate:
🔸 Prypco Mint
🔸 Enables investors to buy fractional ownership in Dubai properties starting at just 2,000 dirhams (~$540) 💰
🔸 Currently supports only dirham transactions and local UAE ID holders.
🔸 Banking partner: Zand Digital Bank
🔸 Oversight by: UAE Central Bank and VARA

🔗 Technical foundation:

Title deeds are tokenized on the XRP Ledger blockchain.

Fully integrated with government real estate records for precise syncing!

📊 Goals of the initiative:

Tokenize 7% (~$16 billion) of Dubai’s real estate market by 2033!

Expand globally and attract worldwide investors 🌎

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💡 Why real estate tokenization matters:
✅ Automates property title registration and accelerates transactions.
✅ Reduces operational costs.
✅ Attracts global banks and asset managers to Dubai’s booming real estate market.

📌 Bottom line:

A bold step that reinforces Dubai’s commitment to accelerating Web3 and tokenization adoption!

This sector could become part of a trillion-dollar global asset market in the coming years! 🚀🌐