Real Estate

Tokenised real estate: How does it work? Think of it as owning “shares” in a property.. Let’s say there’s a fully built apartment in Downtown Dubai. Instead of buying the whole unit, the property is split into thousands of digital tokens, each one representing a small percentage of ownership. These tokens are stored securely using […]

The Dubai Land Department (DLD) has launched the Middle East’s first government-backed property deed tokenization project using the XRP Ledger blockchain Source link

The Dubai Land Department (DLD), a government agency for the real estate industry, has launched its first tokenized real estate platform as part of a government-backed effort that could see $16 billion worth of real estate digitized by 2033. The platform, called Prypco Mint and developed in partnership with real estate fintech firm Prypco, allows […]