The Dubai Land Department (DLD) launched Prypco Mint, the Middle East's first government‑backed real‑estate tokenization platform, utilizing XRP Ledger for transparency and fractional property ownership

Event date

May 26, 2025

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Dubai government agency debuted its first real estate tokenization platform, teaming up with real estate fintech Prypco and infrastructure provider Ctrl Alt.

Dubai Land Department (DLD) has launched the Middle East’s first government-supported property deed tokenization project, using the XRP Ledger to maximize transparency. For the first time, fractional digital real estate ownership is available to worldwide investors, supported by Dubai’s push for blockchain-based property deals.

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Week 22 of 2025