TechFlow news, May 27 — According to Tokocrypto, the Dubai Land Department (DLD) has launched Prypco Mint, a real estate tokenization platform developed by Ctrl Alt with underlying infrastructure. The platform divides physical properties into digital tokens on the blockchain, enabling investors to participate in Dubai's real estate market with a minimum investment of $540. The platform is directly integrated with DLD’s systems, ensuring blockchain records are synchronized with traditional land registries.
Dubai aims to tokenize $16 billion worth of real estate assets by 2033, lowering investment barriers and enhancing liquidity to attract more investors into its property market.
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