Deployments · platform by PRYPCO

PRYPCO Mint tokenised property title deedsNew

Dubai's government-backed property tokenisation platform, launched in May 2025 as the pilot of the Dubai Land Department's tokenisation project. PRYPCO, licensed by VARA as a broker-dealer, sells fractional tokens in specific Dubai homes from AED 1,000 (AED 2,000 at launch), linked to the Department's title-deed registry, with rental income paid out monthly; Ctrl Alt is the tokenisation provider and Zand Bank the banking partner. By October 2026 ten properties had been funded for over AED 18.65 million from more than 2,600 investors, and a secondary market opened in February 2026, with listings held within 15% of the Department's valuation.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 25 May 2025^[3][1] — Pilot phase open to UAE ID holders; ten properties funded. · Reviewed 17d ago

Assets: Undisclosed^[1][3]
Fractional tokens in specific Dubai residential properties linked to DLD-registered title deeds, priced in dirhams
Networks: XRP Ledger Public, permissionless^[4]
Ripple says the DLD project's tokenised title deeds are issued on the XRP Ledger; PRYPCO Mint is that project's pilot platform (khaleej-prypco-may-2025).
Use cases: Primary issuance^[1]Secondary trading^[1][2]Asset servicing^[2]
Jurisdictions: United Arab Emirates

Participants

PRYPCOOperator, Platform provider, Distributor^[2][1]United Arab Emirates
Dubai Land DepartmentOperator^[3][4]United Arab Emirates
Ctrl AltTechnology provider, Custodian^[4][3]United Kingdom
RippleTechnology provider^[4]United States
Zand BankCash leg provider^[3][4]United Arab Emirates

Operates under

Dubai Virtual Assets and Related Activities Regulations 2023 (VARA regime)United Arab Emirates · Primary legislation^[2][3]

Metrics

over AED 18.65mInvestment raised in tokenised properties · as of Oct 2026^[1]
Across ten residential properties since May 2025.
10 propertiesProperties tokenised and funded · as of Oct 2026^[1]
over 2,600 investorsInvestors · as of Oct 2026^[1]
From over 50 nationalities; about 70% first-time Dubai property investors.

Timeline

Happened Feb 2026 (month only) · Scope expansion · recorded 22 Oct 2026
PRYPCO opens a secondary marketplace for the property tokens, with a minimum of AED 1,000.^[1]
Happened 16 Jul 2025 · Participant joined · recorded 22 Oct 2026
Ripple says Ctrl Alt, the DLD project's tokenisation provider, uses its custody technology to hold title deeds issued on the XRP Ledger.^[4]
Happened 25 May 2025 · Launch · recorded 22 Oct 2026
The Dubai Land Department launches the pilot of PRYPCO Mint, selling tokenised shares in ready properties from AED 2,000 to UAE ID holders, with VARA, the UAE central bank and Zand Bank as partners.^[3]

Sources

[1]PRYPCO report outlines liquidity strategies for the next phase of real estate tokenization — PRYPCO (press release via Zawya), 8 Oct 2026. Accessed 22 Oct 2026.B
[2]PRYPCO Mint: Tokenized Real Estate & Gold in Dubai — PRYPCO. Accessed 22 Oct 2026. VARA licence and DLD partnership; marketplace rules (listings within ±15% of the latest DLD valuation, 3-month lock-in); monthly rental distributions; 20% cap per investor per property..B
[3]Invest in Dubai property from Dh2,000: DLD launches first tokenised real estate project — Khaleej Times, 25 May 2025. Accessed 22 Oct 2026.C
[4]Ripple Expands Global Custody Footprint into Middle East with Ctrl Alt — Ripple, 16 Jul 2025. Accessed 22 Oct 2026.B

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