A one-bedroom apartment at Kensington Waters in Dubai, listed as a tokenized investment property by the Dubai Land Department (DLD) and PRYPCO Mint platform, sold out within just 1 minute and 58 seconds. The property’s value at $653,000 mirrors the price of the first tokenized property sold in Dubai. Together, PRYPCO Mint and DLD have generated over $1.3 billion worth of tokenized real estate sales in Dubai. This success marks PRYPCO’s second tokenized real estate project within weeks. The second offering attracted 149 investors from 35 nations, compared to the first’s 224 investors from more than 40 nationalities. Both projects saw similar initial investment values of around $2,900. The second property, valued at Dh1.5 million with a discount to its market price, offered fractional shares starting at Dh2,000, increasing accessibility for smaller investors. The DLD and PRYPCO collaborated on a secure and compliant tokenization framework using the Ctrl Alt blockchain platform powered by XRP and Zand Bank for payments. The initiative has generated significant interest, with over 10,000 people on the waiting list for the second offering alone. The rapid success of the tokenized property market in Dubai demonstrates growing trust in this innovative investment class. This new development aligns with Dubai’s vision to embrace digital real estate solutions and contribute to a $60 billion ($16 billion) tokenized real estate market by 2033, representing 7% of all Dubai property transactions.