PRYPCO Mint Launches Second Tokenised Property Starting at Just $545
Dubai, June 11, 2025 – In a bold move to democratize real estate investment, PRYPCO Mint, a blockchain-enabled initiative supported by the Dubai Land Department, has launched its second tokenized property, with entry starting at just AED 2,000 (approx. $545). This latest offering is a one-bedroom apartment located in Kensington Waters, Mohammed Bin Rashid City, and is being offered at a discounted price of AED 1.5 million ($408,000) below its actual market value of AED 1.875 million ($510,000).
Success of the First Offering
PRYPCO Mint’s debut listing of a two-bedroom apartment in Business Bay was fully funded within just 24 hours, drawing over 224 investors. Each participant invested an average of AED 10,714, with contributions coming from more than 40 countries. The launch also marked a global milestone as the Dubai Land Department issued the world’s first Property Token Ownership Certificate, giving tokenised real estate official recognition in the UAE.
Technology and Regulation
- The tokenisation is powered by the XRP Ledger (XRPL) and developed by Ctrl Alt, with Zand Bank as the official banking partner.
- All transactions are conducted in UAE Dirhams (AED). Cryptocurrencies are currently not accepted during this pilot phase.
- The initiative is overseen by the Dubai Land Department, UAE Central Bank, VARA (Virtual Assets Regulatory Authority), and the Dubai Future Foundation’s Real Estate Sandbox.
- Dubai plans to have 7% of its real estate market tokenised by 2033, equivalent to AED 60 billion ($16 billion).
Market Impact
- A low entry point of just AED 2,000 opens the door for first-time investors, particularly millennials and younger professionals.
- Over 6,000 people are already on the waiting list, indicating strong investor interest.
- Platforms like Reddit are buzzing with optimism. One user noted:
“Fractional property ownership… enhances liquidity and accessibility.”
Source: Rise Expo
What’s Next?
Currently, investments are limited to UAE Emirates ID holders, but PRYPCO Mint has confirmed plans to open access to international investors shortly. With a seamless mobile-first interface and a regulatory-backed ecosystem, Dubai is fast becoming a global hub for tokenised real estate.
Final Thoughts
PRYPCO Mint’s second tokenised offering reflects a transformative shift in the Dubai property market:
- Affordable entry from just $545
- Government-backed regulation and legal clarity
- Global growth vision with investor accessibility
PRYPCO Mint Launches
As fractional ownership and blockchain-backed property models become mainstream, this initiative could reshape how the world invests in real estate.