UAE Scintilla partners with Verseprop to tokenize real estate projects

UAE Scintilla partners with Verseprop to tokenize real estate projects

UAE regulated Scintilla an institutional-grade tokenization platform, and Verseprop, a digital platform specializing in tokenized real estate equity and debt, have partnered to offer financial engineering solutions to the Real Estate sector and introduce advanced tokenization solutions that bring greater efficiency, transparency, and inclusivity to the market, alongside cost savings and distribution. 

Verseprop, founded in 2021 by a former senior executive from CBRE and Savills, is a  Financial Conduct Authority (FCA) Appointed Representative, headquartered in London, specializing in real estate debt and equity. Its current focus is short-duration, first and  second-charge UK real estate debt, which grants strong investor protections at viable  yields and is asset backed.

Scintilla, licensed by Dubai’s Virtual Asset Regulatory Authority (VARA), brings a powerful tokenization engine and its broker/dealer license and services to the table, solidifying its reputation as a leader in digital asset innovation. 

“Verseprop is not just tokenizing real estate equity and debt; we are fundamentally  reshaping how people access real estate and how asset owners think about distribution,”  said Joel Coren, CEO of Verseprop. “Our platform offers a seamless, transparent, and digital way for investors to access high-quality real estate opportunities that were  previously out of reach, and asset owners to reach them.”

Verseprop provides real estate owners access to state-of-the-art financial and tokenization services that also streamline the process for raising capital for equity, debt or a hybrid mix, while Scintilla will deliver the core  tokenization technology and broker/dealer services necessary to facilitate the distribution  of these digital tokens in the UAE.

For investors, this collaboration unlocks access to  diversified real estate opportunities while enjoying the efficiency and lower costs provided  by blockchain technology. 

“Scintilla is delighted to join forces with Verseprop to redefine how real estate assets are  tokenized and traded,” said Tim Popplewell, founder and CEO of Scintilla. “This  collaboration marks a significant step in our journey to bring institutional-grade solutions  to the digital asset space, opening up new avenues for investors and developers alike.” 

This announcement comes at the heels of the DAMAC Mantra tokenization deal.

Scintilla Acquires TOKO

Scintilla, bought out TOKO FZE registered and licensed out of Dubai UAE by VARA ( Virtual Assets Regulatory Authority) as a crypto exchange and broker. Originally developed within DLA Piper’s Law& innovation portfolio, the former TOKO brand has evolved into Scintilla with a fresh identity, new leadership, and groundbreaking product offerings.

After takeover by Scintilla, registered crypto exchange TOKO rebrands in Dubai

After takeover by Scintilla, registered crypto exchange TOKO rebrands in Dubai

Scintilla, a platform delivering onchain solutions has bought out TOKO FZE registered and licensed out of Dubai UAE by VARA ( Virtual assets regulatory authority) as a crypto exchange and broker.

Originally developed within DLA Piper’s Law& innovation portfolio, the former TOKO brand has evolved into Scintilla with a fresh identity, new leadership, and groundbreaking product offerings.

Scintilla offers a range of tokenization services that bring liquidity, transparency, and efficiency to traditional financial sectors. By enabling the tokenization of various financial products, real estate, and new legal funding instruments, Scintilla empowers investors to access previously untapped and illiquid asset classes, fostering inclusivity and transforming how the world invests.

Advisory Services:
The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.
Use Case Development:
Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.
Broker/Dealer Services:
Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.
Exchange Services:
Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.

“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”

Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience at DLA Piper, added, “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”