Dubai Launches First Tokenized Real Estate Project, Aiming for $60 Billion Market by 2033

Dubai has made history with the launch of its first government-backed real estate tokenization project. This innovative initiative allows investors to acquire fractional ownership of properties through digital tokens. Leveraging the XRP Ledger as its foundation, this groundbreaking move is set to revolutionize real estate investment and generate a market valued at AED 60 billion by 2033. The project’s success rests on Dubai’s strong regulatory framework and financial backing from the government.