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Okpaloafe Wisdom
@wisdomforreal
In other major news, Dubai has launched the MENA region’s first licensed tokenized real estate project, signaling the growing interest of one of the world’s emerging crypto hubs in real-world asset tokenization. According to an official announcement from the Dubai government, the project’s partners include the Dubai Land Department (DLD), the Central Bank of the UAE, and the Dubai Future Foundation. The tokens will be traded on the newly launched “Prypco Mint” platform, with Zand Digital Bank designated as the pilot phase banking partner. On May 19, the Dubai Virtual Assets Regulatory Authority (VARA) updated its regulations to include real-world asset tokenization (RWA), allowing such tokens to be traded on secondary markets.
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