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Dubai Launches $16B Real Estate Tokenization Platform on XRP Ledger

  • Dubai has introduced a real estate tokenization platform on the XRP Ledger blockchain, offering fractional ownership of properties through tokenized title deeds.
  • The platform aims to digitize $16 billion worth of real estate by 2033 and is developed in partnership with Prypco Mint, enabling investors to buy fractional shares with UAE dirhams.
  • Partnerships with Dubai Land Department, Zand Digital Bank, and UAE Central Bank are established to regulate the industry, with plans to expand currency options and platforms in the future.
  • The platform supports Dubai's goal of being a global leader in digital asset innovation, aiming to attract international investors and enhance liquidity in the real estate market through tokenization.

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