PRYPCO Mint is set to launch its first real estate tokenization marketplace on February 20 through the PRYPCO Mint App, following the completion of its initial pilot phase in partnership with the Dubai Land Department (DLD).
Marketplace launch
The new marketplace will allow investors to buy, sell and transfer tokenized real estate ownership shares through a regulated secondary market. The launch marks the start of Phase 2 of the PRYPCO Mint initiative, moving the platform from pilot testing to full operational use.
PRYPCO Mint is licensed by the Virtual Assets Regulatory Authority (VARA) and developed in partnership with DLD. The platform enables property title deeds to be divided into digital tokens that represent ownership shares.
Phase one results
Phase 1 focused on testing the regulatory, legal and technical framework for real estate tokenization on title deeds. During the pilot, investors from more than 50 nationalities participated, with over Dhs 18.5 million invested in tokenized properties. One property was fully funded in 1 minute and 58 seconds.
Phase 2 introduces resale activity through the PRYPCO Mint App, allowing token holders to trade their assets at any time, subject to regulatory requirements and compliance checks. The marketplace operates 24 hours a day, seven days a week.
The platform supports the Dubai Real Estate Sector Strategy 2033, which focuses on transparency, market balance and improving the investor experience. PRYPCO Mint aims to address access and exit challenges commonly associated with property investment by enabling fractional ownership with added liquidity.
Currently, the platform is open to UAE residents aged 18 and above who hold a valid Emirates ID.
Commenting on the launch, Essa Ibrahim, Co-founder and President, PRYPCO, said: “Real estate remains one of the most important yet least accessible asset classes, shaped by high capital barriers, limited liquidity, and fragmented processes. The PRYPCO Mint Marketplace introduces a new model, one that enables investors to participate in property ownership with greater flexibility while maintaining regulatory safeguards. This is about building the rails for the future of ownership, where real estate can be accessed, held, and transferred digitally within a trusted ecosystem.”
The marketplace is expected to support confidence in fractional ownership by introducing standardized processes and structured liquidity for tokenized real estate assets. The initiative also highlights Dubai’s focus on real estate innovation through government collaboration, regulation and digital infrastructure.
tanvir@dubainewsweek.com
