Tokenisation: The ‘tech bro’ approach to real estate

Tokenisation: The ‘tech bro’ approach to real estate
Dubai is at the forefront of real estate tokenisation. (Image: Supplied)
Maria Slade
Dubai-based tokenisation platform Prypco Mint sold out its third property, a $788,000 (Dh1.75 million) villa in Dubailand, in under five minutes earlier this month.Investing an average of Dh10,355 each, 169 investors from 40 nationalities snapped up “tokens”, or shares, in the home.Prypco Mint operates in partnership with the Dubai Land Department and is the first tokenised real estate investment platform licensed by the emirate, which predicts the asset class will make up 7% of its real estate market by 2033.Closer to home, Blockch...

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