Dubai Breaks Ground on First Tokenized Real Estate Project, Raises Funds Within a Day

In a landmark achievement for the emirate of Dubai, DAMAC Property has completed the first-ever tokenized real estate investment round within 24 hours. Prypco Mint, a licensed platform backed by the Dubai Land Department and powered by Ctrl Alt blockchain technology, successfully raised capital from over 40 nationalities. This groundbreaking initiative saw 224 investors contribute an average of AED 10,714 to fund the project, showcasing the growing global appetite for accessible, tech-enabled real estate investments.