Nawy Shares the tokenized real estate entity of Smart Crowd announce initial approval from VARA
SmartCrowd, a Nawy company, announced that its tokenized real estate entity, Nawy Shares, has received In-Principle Approval (IPA) from the Virtual Assets Regulatory Authority (VARA). According to the press release, this is the first step into regulated tokenized real estate, before full license.
SmartCrowd, through the Nawy Shares brand, is now moving into the next era of real estate investing by tokenizing real world assets and bridging traditional property ownership with blockchain enabled infrastructure.
In January 2026, Lara on the Block noted that several VASPs including Nawy had received in principle approvals. Already SmartCrowd has made exits worth $60 million, and plans more than $136 million in transactions in 2026. SmartCrowd believes the move into the tokenized real estate is a natural evolution of its regulated investment offering.
“Securing VARA’s In-Principle Approval is a pivotal step in our journey into tokenized real estate. commented Adham Moshasha, Chief Growth Officer at SmartCrowd. He added, “We pioneered fractional ownership long before it became a buzzword. Tokenization is simply the advanced mode of that model, bringing fractional property ownership on-chain to improve security, transparency, and tradability. Dubai’s forward-thinking regulatory framework has made this evolution possible and has been instrumental in enabling this next phase of growth.”
Mostafa El Beltagy, CEO and Co-Founder of Nawy. “This is their first step towards a world leading ecosystem where property ownership becomes digitized, physical assets can become liquid, and transactions will be done instantly. We are excited to be taking part in this journey led by one of the most, progressive regulations in the world.”
Upon receiving full authorisation, Nawy Shares will move toward launch, further strengthening SmartCrowd’s position at the intersection of real estate, technology, and regulated digital finance in the UAE.
Nawy is Africa’s largest proptech company, transforming real estate across the MENA region with cutting-edge technology. Its growing portfolio includes Nawy Shares, Nawy Now, Nawy Partners, and Nawy Unlocked where it enhances accessibility, transparency, and efficiency.
