PRYPCO Mint Sells Out its Second Tokenized Property in Record Time

Dubai’s real estate innovation continues to captivate global investors as PRYPCO Mint announces the complete sell-out of its second tokenized property offering. The luxury one-bedroom apartment, valued at AED 1.875 million (US$ 510,500), saw all fractional ownership tokens snapped up by 149 investors on June 11th—underscoring surging demand for accessible premium investments.

This blockchain-powered initiative allowed entry into elite property ownership for just AED 2,000 (US$ 545) per token, democratizing access for millennials, tech enthusiasts, and first-time buyers. The overwhelming response echoes the success of PRYPCO Mint’s debut project—a Business Bay apartment fully funded by 224 global investors in under 24 hours.

Crucially, both projects carry the endorsement of Dubai’s regulatory framework. Investors in the first property received official token ownership certificates from the Dubai Land Department (DLD), cementing tokenized real estate within the emirate’s legal ecosystem. The latest launch further strengthens this legitimacy through collaboration with DLD and the Virtual Assets Regulatory Authority (VARA).

Powered by Ctrl Alt’s blockchain technology with tokens issued via XRP Ledger, PRYPCO Mint ensures seamless transactions through its banking partner Zand Bank. The platform’s mission—to make real estate transparent, inclusive, and globally accessible—resonates powerfully as demand outpaces supply.

With ambitions to expand beyond the UAE, PRYPCO Mint isn’t just transforming ownership models; it’s pioneering a new era where Dubai’s most coveted assets are within everyone’s reach.

Source: ArabianBusiness