PRYPCO Mint has announced the launch of its second tokenised property, building on the success of its inaugural listing that was fully funded in under 24 hours. This new property will go live on 11 June 2025, reinforcing investor confidence in fractional property ownership and enhancing Dubai’s reputation as a leader in real estate innovation and blockchain investment.

The upcoming listing features a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City, valued at AED 1.5 million. This property is being offered at a discounted rate compared to its estimated market value of AED 1.875 million, providing investors with immediate equity. Investors can participate in fractional ownership starting from AED 2 000, aligning with PRYPCO Mint’s mission to make premium real estate accessible to a new generation of investors.

Amira Sajwani, Founder and CEO of PRYPCO, emphasized the significant response to their first tokenised property, highlighting that investors are eager for a smarter and more accessible way to invest in real estate. She noted that the second property continues their efforts to dismantle traditional barriers and offer high-quality opportunities to a diverse audience, reinforcing their mission to democratize property ownership.

Launched on 25 May 2025, PRYPCO Mint is a joint initiative between the Dubai Land Department (DLD) and PRYPCO, licensed by the Virtual Assets Regulatory Authority (VARA). The platform made history with MENA’s first fully tokenised real estate transaction, creating a new asset class for UAE residents. The first property, a two-bedroom apartment in Business Bay, attracted 224 investors from over 40 nationalities, with an average investment of AED 10,714. The property was listed at AED 2.4 million, which was below its DLD valuation of AED 2.89 million, and was fully funded within one day, indicating strong demand for transparent and tech-enabled real estate products.

Moreover, the Dubai Land Department has issued Property Token Ownership Certificates to the first cohort of investors, officially recognizing this new form of blockchain-backed ownership. This regulatory achievement marks a significant step toward institutionalizing tokenised real estate within Dubai’s comprehensive legal framework.

The Real Estate Tokenisation project is supported by a framework developed in collaboration with the Dubai Land Department, VARA, and the Central Bank of the UAE, along with the Dubai Future Foundation (DFF) via the Real Estate Sandbox. Ctrl Alt is responsible for the project’s blockchain infrastructure, creating secure ownership tokens on the XRP Ledger, while Zand Bank acts as the official banking partner to ensure effective financial integration.

Targeting tech-savvy investors, millennials, and first-time buyers, PRYPCO Mint provides a mobile-first experience for digital property ownership. This approach transforms real estate into a more flexible, inclusive, and liquid investment compared to its traditional, capital-heavy nature. Currently, the platform is available only to UAE residents with valid Emirates IDs, but it is expected to open to international investors in the next phase, further expanding Dubai’s real estate landscape as a hub for innovation.