Dubai Land Department sells $1.3 million worth of tokenized real estate

Dubai Land Department sells $1.3 million worth of tokenized real estate

After two consecutive successful sales of tokenized properties in Dubai, the Dubai Land Department and PRYPCO Mint the tokenization platform behind these sales, have sold $1.3 million worth of tokenized property deeds after tallying the two tokenized property sales in past two weeks alone. This is just the beginning, as Dubai Land Department invites interested individuals to register early and set up their accounts to take advantage of upcoming offerings before they sell out.

Dubai Land Department is seeking to unlock investment opportunities in one of the world’s most dynamic and innovative real estate destinations. In its first tokenized real estate project, DAMAC Maison Prive, valued at $653,000, it attracted 224 investors from over 40 nationalities, with an average investment amount of AED 10,714 ( $2900), and more than 6000 investors who were wait listed.

The latest and second property was sold in less than two minutes and attracted 149 investors from 35 nationalities. The one bedroom apartment in Kensington Waters, also worth $653,000, it was sold out in less than 2 minutes. Shares were offered at $544 with a wait list of 10,700 investors.

According to Amira Sajwani, the founder and CEO of PRYPCO “With our second property, we’re continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience. At PRYPCO, our mission is to democratize property ownership, and this is just the beginning.”

In May 2025, Dubai Land Department launched the region’s first tokenized real estate investment project through the ‘Prypco Mint’ platform. The initiative was implemented in partnership with Prypco, the Virtual Assets Regulatory Authority (VARA), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation (DFF) through the Real Estate Sandbox.

As for blockchain technology Ctrl Alt is offering the blockchain platform using XRP Ledger, while Zand digital bank is offering banking services.

In future listings, international investors will soon be allowed to participate, but for now only UAE residents and ID holders can.

DLD emphasized in their announcement that tokenized assets will represent up to 7% of Dubai’s real estate market by 2033 equivalent to $16 billion and that Prypco Mint will be at the cornerstone of this transformation.

Saudi Arabia is also starting to pilot real estate tokenization projects.

Hoko advertising agency acquires UAE metaverse company Everdome

Hoko advertising agency acquires UAE metaverse company Everdome

Hoko Agency, known for its cutting-edge campaigns for global brands including Mercedes-Benz, DP World, Hublot, Red Bull, Zegna, and LVMH, has announced the acquisition of UAE metaverse company Everdome.

As per the press release the strategic acquisition supports the growth of HumAIn Assets, Hoko’s newest venture aimed at reimagining content creation through a fusion of human creativity, artificial intelligence, and community engagement.

Since its inception in 2022, Everdome has delivered metaverse experiences for partners such as OKX and Alpine Web3, while playing a key role in initiatives like the UAE government’s Jahiz program. Their success has been driven by a nimble, Web3-native approach, community-focused storytelling, and a deep understanding of immersive digital marketing.

Through this acquisition, Everdome’s $DOME token and core leadership team will integrate into HumAIn Assets, a platform designed to reshape the way digital content, from imagery to video to copy, is commissioned, created, and delivered.

At the helm of this initiative are Bally Singh, Chairman of Hoko Agency; Scott Melker, a leading voice in Web3 media; and Everdome CEO Jeremy Lopez, who brings extensive expertise in Web3 execution, creative marketing, and community engagement.

“Our mission is simple: to deliver scalable, high-quality content without compromising on emotional resonance, timing, or creativity,” said Bally Singh. “While AI can automate much of the process, the final layer, the taste, context, and timing, remains inherently human. That’s what elevates content from acceptable to exceptional.”

HumAIn Assets is being developed to strike the right balance, leveraging AI for speed while maintaining human oversight to ensure quality and relevance. Everdome’s expertise in rapid, high-impact storytelling and immersive campaigns makes it a powerful addition to this vision.

“Web2 unlocked the creator economy. Web3 introduced true creator ownership. AI brings unprecedented speed,” said Scott Melker, Co-founder of HumAIn Assets. “The real breakthrough lies in integrating all three to build a sustainable, creator-first system. This isn’t about hype, it’s about creating the future of content production.”

“In Web3, community isn’t a buzzword, it’s the backbone,” Melker added. “When your audience becomes your collaborators, you’re not just marketing to people, you’re building with them.”

Jeremy Lopez, CEO of Everdome, commented: “Everdome was built on the belief that digital experiences can be bold, creative, and community-led. Joining Hoko and contributing to the vision for HumAIn Assets gives us the opportunity to build lasting infrastructure for the future of the creative economy.”

With this acquisition, HumAIn Assets accelerates its ambition to combine the usability and scalability of Web2 platforms, hallmarks of companies like Uber, Fiverr, and Instagram, with the transparency, decentralized engagement, and payment systems of Web3, all enhanced by the capabilities of AI.

Currently in invite-only beta, HumAIn Assets is already delivering results for select clients. With live briefs, active production, and content delivery underway, the venture is moving beyond proof-of-concept and toward becoming a new industry standard.

The first Universal Basic Ownership pilot starts at Machine Economy Free Zone

The first Universal Basic Ownership pilot starts at Machine Economy Free Zone

peaq a global computer with borderless, decentralized, digital infrastructure for real-world apps. has partnered with Pulsar Group, an advisory firm in Abu Dhabi to launch a Machine Economy Free Zone (MEFZ), a dedicated sandbox environment for the Machine Economy in the UAE which The MEFZ will also include the world’s first pilot of “Universal Basic Ownership (UBO). To support the free zone, peaq is setting up its official HQ in the UAE to support the Machine Economy Free Zone on the ground

According to the peaq post, all around us, machines are already doing the work, driving, farming, scanning, delivering, answering our prompts. They’re creating real-world value, every second of every day. But turning the rise of the robots into a human-centric, decentralized economy — one where people can co-own, govern, and earn from the infrastructure that runs the world takes more than just code. It takes regulation, incentives, and physical and digital spaces to test and build.‍

The Machine Economy is a society in which humans and machines co-exist, co-create value, and thrive together in the Age of Abundance. It’s a human-centric economic paradigm where machines provide goods and services, earn income, and interact directly with people, businesses, and each other. Powered by AI and running on Web3, these machines can operate both autonomously and independently, generate real-world value, and share that value with the communities they serve.

The Machine Economy Free Zone sandbox will combine regulation, machine and infrastructure deployment, research, and investment in one place. A space for founders and policymakers to test, deploy, and scale new ideas for how humans and machines can build a future that works for all humans – and one day, for conscious machines too.

“We’re honored to be part of peaq’s transformative journey. peaq is redefining what’s possible for the future of the Machine Economy. By boldly bridging the physical and digital worlds through a decentralized, scalable, and sustainable Layer-1 blockchain, peaq is laying the foundation for a new era of real-world connectivity and autonomy. This is more than technology — it’s a movement, and we’re proud to help shape what comes next.” said Alyazi Al Khattal, CEO of Pulsar.
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Machine Economy Free Zone sandbox will focus on four key pillars

Regulation: As part of the MEFZ, peaq is working on the development and testing of a range of regulatory initiatives and sandboxes, such as compliant tokenization and investment into autonomous machines and robots.
Deployment: peaq is working with Emirati partners to set up physical and virtual sandboxes where founders can experiment with new business models and deploy apps, devices and technologies aimed at powering more advanced smart cities.
Investment: peaq is connecting top apps (DePINs) on peaq with the most visionary investment bodies and institutional partners in the region, enabling them to scale and deploy at lightning speed.
Innovation Hub: peaq is establishing a regional innovation hub focused on supporting DePIN (Decentralized Physical Infrastructure Network) apps in research and development, deployment, and connection with organizations interested in the value these apps provide.
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Among the first initiatives to be tested in the MEFZ is a framework for Machine Tokenization. This framework aims to make it easy for anyone to invest in robots and machines, from autonomous vehicles to vertical farms. It’s a key piece of Machine DeFi, peaq’s vision for a decentralized financial system where people can co-own and earn from real-world machines as they operate and generate value.

The MEFZ will also include the world’s first pilot of “Universal Basic Ownership (UBO)”. UBO explores how machine-generated income can be distributed directly to the communities affected by automation. No middlemen, no red tape just machines generating value, and people receiving a share of it.

Both of these initiatives will be tested, refined, and scaled in the Machine Economy Free Zone.

‍“The Machine Economy is no longer a far-fetched dream, it is a reality quickly shaping up before our very eyes. peaq makes this transformation work for everyone and the Emirates, as one of the most innovative nations in the world, is the perfect place to pilot this vision, setting a template and example for the rest of the world”, noted Till Wendler, co-founder of peaq
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Binance now serving Syria with crypto

Binance now serving Syria with crypto

With the lifting of the United States sanctions on Syria, Binance, the world’s largest exchange with 21 licenses globally, has announced that it is now serving Syrian users.

As per the press release this is a pivotal moment for financial inclusion and reconnection.

Binance stands as a trusted and compliant exchange in the digital economy. Syrian users will now have access to Binance’s suite of products and services, including hundreds of digital assets, spot and futures trading, staking and earn products, stablecoins, and Binance Pay for seamless cross-border remittances. Dedicated educational content in Arabic and localized support will ensure users can onboard with confidence and trade securely.

Syria’s population is approximately 24 million residents, with an estimated 8 to 15 million more living abroad. Years of economic instability and high inflation left many dependent on remittances, informal networks, and unstable local currencies. These factors may explain why Syria ranked top 10 countries globally for crypto-related search activity as recently as 2021.

Richard Teng, CEO at Binance, said, “After years of exclusion, Syrians now have the chance to build, invest, and connect. With Binance, they gain access to one of the most robust crypto ecosystems in the world, from trading and earning opportunities to seamless crypto payments. This isn’t just about opening accounts; it’s about opening futures and horizons.”

Binance is committed to supporting Syrian users through educational initiatives, practical guidance, and secure access to the digital economy. Our mission has always been to promote financial accessibility and inclusion, and today marks a meaningful step forward.

Dubai PRYPCO Mint launches its second tokenized property

Dubai PRYPCO Mint launches its second tokenized property

On the heels of the success of the first tokenized property listing in UAE and MENA, which brought in investments of over $700K, Dubai PRYPCO, Dubai Land Department, under the regulatory overlook of Dubai’s Virtual Asset Regulatory Authority and the Central Bank of the UAE, have announced the launch of their second tokenized property worth $650K.

PRYPCO Mint will go live with the second tokenized property listing on June 11th 2025. As per the press release, the next phase not only reinforces investor confidence in fractional property ownership but also strengthens Dubai’s standing as a global pioneer in real estate innovation and blockchain-powered investment.

The new tokenized property is a one bedroom apartment in Kensington Water, at Mohammed Bin Rashid City. It has a total valuation of AED 1.5 million ( $653K) offered at a discounted rate compared to its estimated market value of AED 1.875 million.

Through fractional ownership starting from just AED 2,000, ( $540) to UAE residents holding Emirates IDs.

Amira Sajwani, Founder and CEO of PRYPCO, said, “The incredible response to our first tokenised property proved that investors are ready for a smarter, more accessible way to invest in real estate. With our second property, we’re continuing to break down traditional barriers and offer high-quality opportunities to a broader, more diverse audience. At PRYPCO, our mission is to democratise property ownership, and this is just the beginning.”

Already PRYPCO Mint which was launched on May 25th has been successful in its first offering, a two bedroom apartment in Business Bay that attracted 224 investors from over 40 nationalities, with an average investment of $2900. The first was also listed at $653,000 and was fully funded in one day.

Blockchain based certificates of Property Token Ownership were granted for the first property. Ctrl Alt powers the blockchain infrastructure, issuing secure ownership tokens on the XRP Ledger, while UAE digital bank Zand serves as the official banking partner.

Targeting tech-savvy investors, millennials, and first-time buyers, PRYPCO Mint enables digital property ownership through a mobile-first experience, transforming real estate from a traditionally slow, capital-heavy asset into a flexible, inclusive, and liquid investment.

PRYPCO Mint platform is expected to open to international investors in its next phase, further expanding Dubai’s real estate footprint as a global innovation hub.

Allo Blockchain to pilot digital identity and RWA tokenization in Qatar

Allo Blockchain to pilot digital identity and RWA tokenization in Qatar

After being admitted to Qatar’s Digital Assets Lab, Allo, a blockchain tokenization platform has announced that it will begin piloting initiatives in areas such as secure digital identity systems as well as tokenization of real world assets.

By working within the Qatar Digital Assets Lab, Allo is able to fine-tune its blockchain technologies to meet the specific demands of local markets. This includes use cases such as Islamic finance, regional data protection standards, and tokenized assets.

According to Allo, the opportunity to build and test under regulatory guidance is relatively rare and enables developers to refine applications in alignment with both legal and market realities.

Allo not only is focusing solely on technical development, it is also collaborating for, security, and regulatory adaptability. Allo’s participation supports efforts to ensure that blockchain tools are accessible, secure, and tailored to real-world financial inclusion and risk mitigation needs.

The goal is to generate actionable insights on how distributed ledger technology can strengthen financial infrastructure while maintaining compliance with regulatory frameworks.

Other partners at Qatar Digital Asset Lab such as The Hashgraph Association, are also working on five tokenization use cases.

UAE based Akka Finance raises investment from Core Ventures

UAE based Akka Finance raises investment from Core Ventures

UAE based Akka Finance, the AI Intelligence Layer for Bitcoin DeFi (BTCFi), has received a strategic investment from Core Ventures, the investment arm of Core DAO.

As per the press release, the partnership validates Akka’s mission of leveraging AI to make DeFi easily accessible.

The new investment from Core Ventures joins a strong group of existing backers, including Ahoy Group and XVC Tech. As a portfolio company of KEY Difference Labs, Akka is building the future of Bitcoin-native DeFi by removing complexity and enabling smarter, more intuitive execution for all users.

The investment cements Akka’s role leading the AI revolution in DeFi, starting with the most popular cryptocurrency, Bitcoin. Core Ventures is a mission-driven investor who has deployed more than $1 million with the mission to bring decentralized finance to the Bitcoin blockchain.

Akka Finance launched its super-app in 2024, allowing users to interact with DeFi on ‘beginner mode’. By bringing trading, lending & borrowing and staking into one conversational interface.

Akka has 10,000 users which represent over 30% of the swap activity on the Core blockchain.

As part of its multi-chain rollout, Akka is launching a suite of predictive analytics that will solve the volatility problem endemic to crypto by allowing users to predict crypto prices in advance. The firm has also processed $80 million in transaction volume on Bitcoin DeFi.

By using a conversational interface to solve user problems, Akka’s cross-chain solution bundles numerous functions into one easy to use application. The team prepares to go beyond Bitcoin into other chains, and notes that several other partnerships and integrations are underway.

“Core Ventures’ investment is a powerful validation of our vision to make DeFi accessible to all, and recognizes the fundamental importance of Bitcoin as the most underserved blockchain,” said Ali Khoshnafs, CEO of Akka Finance. “Core is building the most secure, scalable foundation for Bitcoin DeFi, and Akka solves the complexity problem by providing a seamless intelligence layer optimized for all users. Together, we’re unlocking Bitcoin’s trillion dollar potential, making it productive and accessible for everyone.”

Core Ventures shares this enthusiasm for the future of BTCFi. “We back bold ideas that push the boundaries of Bitcoin’s utility in DeFi, and Akka Finance is a perfect example of that innovation,” said a representative from Core Ventures. “Their AI-driven approach aligns with our mission to create a scalable, secure ecosystem where Bitcoin can thrive as a cornerstone of decentralized finance.”

Founded in 2022 in Dubai, Akka Finance harnesses Dubai’s progressive regulatory environment and enjoys the government’s pro-innovation agenda.

Mantra Chain supported by Google Cloud announces new RWA projects in accelerator

Mantra Chain supported by Google Cloud announces new RWA projects in accelerator

After Mantra Chain with the support of Google Cloud launched the RWAcclerator, a start-up accelerator program designed to drive the development, innovation and adoption of real-world assets, it has now announced the seven projects selected from the 150 applications given received.

Supported by Google Cloud, the intention is also to empower builders and startups with investment capital, mentors, dedicated AI support and more, in what is proving to be a timely moment for the space. With the World Economic Forum projecting that by 2027, 10% of the world’s GDP – approximately $10 trillion – will be stored on blockchain networks, with RWAs playing a significant role in the transformation. 

Over 150 applications were received for the first cohort of the RWAccelerator, with seven selected projects coming together for a two day in-person summit during the week of TOKEN 2049 in Dubai. For a review of the selected projects and how they’ll be solving real world issues in their respective industries, read on.

The first project is Brickken, an institutional-grade, end-to-end tokenization platform that enables financial institutions, asset managers, and companies to tokenize and manage real-world assets (RWA) across global markets. Whether it’s private equity, credit, real estate, or infrastructure, Brickken provides the tools to digitize assets, manage them more efficiently, and unlock new financing opportunities. The platform supports regulatory alignment, increases transparency, and expands access to liquidity. With over $300 million in tokenized assets, more than 100 clients, and deployments in 16 countries, Brickken is enabling a more efficient, transparent, and accessible financial system.

The second one is Liquidstar which is building a network of solar-powered micro data centers (Waypoints) that provide off-grid communities with electricity, water, and internet infrastructure, while generating revenue by selling excess resources to local businesses and individuals. They are addressing the challenge of energy access and digital inclusion in emerging markets, where underserved populations struggle with unreliable energy sources and lack of connectivity. Their solution not only powers local economies but also integrates cutting-edge technologies like edge AI and blockchain to drive sustainability and economic growth.

As for the third startup to be accepted it is NestiFi, an AI driven child-friendly platform that unites traditional custodial accounts with blockchain-based investments and DeFi yield opportunities. Parents, grandparents, and friends can seamlessly pool funds—whether stablecoins, RWAs, or mainstream crypto—while kids learn the basics of finance through interactive lessons. 

The 4th startup is a real estate Investment Exchange that allows users to invest in real estate backed tokens, track earnings and receive payout directly from their dashboard. The name is Elevex.

The fifth is Juic3 Labsn and sixth is Loop RWA. Loop RWA is a crypto-enabled AI agent platform designed to automate enterprise workflows, starting with customer support. By deploying high-accuracy voice and chat AI agents, Loop RWA reduces labor costs and improves service quality for businesses in the EMEA region. The platform also tokenizes recurring SaaS revenues, enabling businesses to access non-dilutive capital while providing crypto lenders exposure to real-world revenue streams. Loop Smart is redefining enterprise automation with a blockchain-native approach.

Finally is Lympid a full-stack platform for launching, managing, and distributing tokenized investment products backed by real-world assets. From Horses, Luxury Watches, Cars, Art to T-bills and Real Estate, Lympid turns exclusive assets into compliant, fractionalized investment experiences available to the masses. Through its App it has already reached 10,000 users and over $10 million transaction volume and is now scaling via API and B2B integrations offering the entire lifecycle of tokenization, from asset onboarding to investor settlement.

@lympid_official

Over the course of the next month, each project will focus on building and deploying their solutions in the MANTRA Chain ecosystem. So too receiving support and advice across key elements including; smart contract development, tokenomics, market maker selection, listing processes, legal compliance and more. 

As part of the process, all dApps will first be deployed on the MANTRA Chain testnet for rigorous stability testing before making their official debut on the mainnet.

Simultaneously, we’ll also be sharing updates on each project, diving into their purpose, vision, and progress, with greater depth. 

Dubai VARA sees tokenization as a new kind of financial system

Dubai VARA sees tokenization as a new kind of financial system

Mathew White, CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), recently noted on LinkedIn that the tokenization of real-world assets (RWAs) is no longer an experiment. He stated, “It’s happening right now.”

He explained how VARA views tokenization as more than a blockchain use case but rather as a structural shift and the foundation for a new kind of financial system. He explains, ” Everything from real estate and art to commodities and IP can be digitally represented, owned and exchanged in real time.”

He adds, “It’s a system of fractional ownership and near-instant settlement, where global markets are trustless, borderless, and always on. The illiquid can become liquid.”

He gives the example of BlackRock which sees tokenization as a democratization of investing. Its CEO Larry Fink envisions a world where every asset can be tokenized from stocks and bonds to entire funds.

The global tokenisation market was valued at $3.32 billion in 2024 and is projected grow to nearly $13 billion in 2032 – a CAGR of 18.3%.

He goes on to say that in Dubai, tokenized RWAs are a policy priority. He explains, “We’re building the infrastructure to make it all real – credible rules, secure frameworks, trusted intermediaries. We’re enabling the shift from analogue finance to digital ecosystems where anyone – regardless of size or geography – can participate, invest, and grow. Technology alone won’t deliver the future we want. It needs governance, credibility, guardrails, and trust.”

He notes that VARA is committed to creating a gold standard for oversight – a regulatory regime that’s clear, credible, and agile. “The idea is to protect without paralyzing. To not only supervise innovation, but to accelerate it.”

In his final words he says that Dubai intends to lead from the front.

Already Dubai has stated with the successful tokenization of real estate project with Dubai Land Department that happened a few weeks ago. In addition, the UAE Securities and Commodities Authority has licensed Emirates Coin Investment LLC (EmCoin) based out of Abu Dhabi UAE, as the first regulated integrated investment platform to offer both crypto investments as well as traditional assets such as equities, commodities, and even ICOs.

Regulated by the UAE Securities and Commodities Authority, Emirates Coin Investment will be able to serve the entire UAE.

Fortemis offers compliance and regulatory services at RAK DAO

Fortemis offers compliance and regulatory services at RAK DAO

Fortemis, which offer compliance and regulatory services, has partnered with RAK DAO Strategic and has set up its operations at RAK DAO. Fortemis was founded with the mission to empower businesses to navigate the complex regulatory landscape with confidence.

It is also a an IFZA authorized partner. According to Fortemis, navigating the regulatory licensing process can be complex and time-consuming, especially in the virtual asset and fintech industries, where compliance standards are continually evolving.

Their team at Crypto Consulting specializes in supporting companies through each stage of obtaining regulatory licenses, with a focus on the UAE’s Virtual Asset Regulatory Authority (VARA) in Dubai and the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Markets (ADGM).

From anti-money laundering (AML) policies to data protection frameworks, their solutions aim to provide clear and compliant roadmap for managing risk.

Fortemis noted, ” We are proud to announce that Fortemis has officially partnered with the RAK Digital Assets Oasis, the world’s first free zone dedicated to supporting the future of Web3 and AI innovation. This partnership underscores our shared commitment to empowering founders and technology-driven ventures by providing clear, compliant pathways to launch and scale in the UAE. Through our collaboration, Fortemis will offer advisory and regulatory support for company formation, licensing, and governance, ensuring Web3 and AI projects are built on strong, future-proof foundations.”