BiyaPay analyst: Dubai Land Department launches real estate tokenization platform, recharging USDT to BiyaPay and remitting to Dubai becomes a new option

On May 27, the Dubai Land Department (DLD) collaborated with real estate fintech company Prypco and infrastructure service provider Ctrl Alt to launch the first real estate tokenization platform based on the XRP Ledger blockchain - Prypco Mint. The platform achieves digital asset management and trading by tokenizing property ownership deeds and synchronizing official real estate records. As a government-supported innovation project, Prypco Mint is expected to tokenize approximately 7% of Dubai's real estate market assets, valued at $16 billion, by 2033. Currently, the platform only supports transactions in UAE Dirhams (AED) and is limited to UAE ID holders, but plans to open access to global users in the future. Zand digital bank serves as the platform's banking partner, with regulatory oversight from the UAE Central Bank, Dubai Virtual Asset Regulatory Authority (VARA), and the Real Estate Innovation Sandbox project under the Dubai Future Foundation. For global investors, efficient and secure cross-border fund transfers are crucial to participating in this digital real estate market. BiyaPay, a leading multi-asset transaction wallet, offers quick remittance services covering multiple countries and regions, supporting online exchange of over 30 mainstream fiat currencies and more than 200 digital assets. Users can easily transfer funds to Dubai from local accounts through BiyaPay without transfer limits, using local transfer methods to ensure fund safety, significantly enhancing cross-border investment convenience and efficiency. With BiyaPay, investors can conveniently participate in Dubai's real estate tokenization process and seize new opportunities for future wealth growth, regardless of their location.