Following the landmark success of its inaugural Dubai tokenized property, which was fully funded in under 24 hours, PRYPCO Mint announced on Tuesday the launch of its second tokenized listing, set to go live tomorrow, June 11.
This second listing not only reinforces investor confidence in fractional property ownership but also strengthens Dubai’s standing as a global pioneer in real estate innovation and blockchain-powered investment.
“The incredible response to our first tokenized property proved that investors are ready for a smarter, more accessible way to invest in real estate. With our second property, we’re continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience. At PRYPCO, our mission is to democratize property ownership, and this is just the beginning,” stated Amira Sajwani, founder and CEO of PRYPCO.
Discounted rate gives investors instant equity and value
The new tokenized property listing features a one-bedroom apartment in Dubai’s Kensington Waters, Mohammed Bin Rashid City, with a total valuation of AED1.5 million, offered at a discounted rate compared to its estimated market value of AED1.875 million, giving investors instant equity and value.
Through fractional ownership starting from just AED2,000, the launch continues PRYPCO Mint’s mission to make premium real estate accessible to a new generation of investors.
Launched on May 25, 2025, PRYPCO Mint, a joint initiative between the Dubai Land Department (DLD) and PRYPCO and licensed by the Virtual Assets Regulatory Authority (VARA), made history with MENA’s first-ever fully tokenized real estate transaction, opening the doors to a new asset class for residents across the UAE.
First property attracts 224 investors
The platform’s first tokenized property, a two-bedroom apartment in Dubai’s Business Bay, attracted 224 investors from over 40 nationalities, with an average investment of AED10,714. Listed at AED2.4 million, below its DLD valuation of AED2.89 million, the listing was fully funded within one day, signalling strong demand for transparent, tech-enabled and value-driven real estate products.
In addition, the Dubai Land Department issued Property Token Ownership Certificates to the first cohort of investors, officially recognizing this new form of blockchain-backed ownership. This regulatory milestone represents a key moment in institutionalizing tokenized real estate within Dubai’s robust legal framework.
Read: OMNIYAT acquires Marasi Bay Island, launches first beach club in Burj Khalifa District
Platform to open to international investors in next phase
The Real Estate Tokenization project operates under a framework developed by the Dubai Land Department in partnership with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation (DFF) via the Real Estate Sandbox.
Ctrl Alt powers the project’s blockchain infrastructure, issuing secure ownership tokens on the XRP Ledger, while Zand Bank serves as the official banking partner, ensuring robust financial integration.
Targeting tech-savvy investors, millennials and first-time buyers, PRYPCO Mint enables digital property ownership through a mobile-first experience, transforming real estate from a traditionally slow, capital-heavy asset into a flexible, inclusive and liquid investment.
Currently available to UAE residents holding valid Emirates IDs, the platform is expected to open to international investors in its next phase, further expanding Dubai’s real estate footprint as a global innovation hub.
