World Cryptocurrency Alternate Crypto.com, and Dubai Land Division (DLD), have signed a Memorandum of Cooperation (MOC) to research the usage of blockchain and digital foreign money in the true property sector. The announcement follows earlier information that the federal government will be capable of use digital belongings or cryptocurrencies to pay authorities charges.
In line with the newest announcement, the initiative is a part of Dubai Actual Property Technique 2033, which goals to create a wise and sustainable actual property ecosystem utilizing superior applied sciences akin to blockchain, digital belongings and extra.
The contract was signed by His Excellency Omar Hamad Bushehab, Director of the Dubai Land Division, and Mohamed Abdul Latif Al Hakim, approved signatories of crypto.com., earlier than a number of officers and CEOs from each side.
The Dubai Lands Division has signed a Memorandum of Cooperation (MOC) with https://t.co/hznta4oq7d to develop a digital funding surroundings for digital actual property belongings and examine the usage of blockchain expertise and digital foreign money throughout the sector. This initiative is…pic.twitter.com/eemdht7ypu
– July 6, 2025, Dubai Media Workplace (@dxbmediaoffice)
Crypto.com helps digital actual property transactions in Dubai
crypto.com helps digital actual property transactions in Dubai utilizing blockchain and digital foreign money. That is properly often known as the encryption of actual property transactions. This not solely helps to enhance the liquidity of the true property sector, but in addition helps to modernize it.
The partnership additionally goals to create an built-in digital ecosystem that allows actual property asset transactions, investor verification, digital custody and settlement processes to be carried out inside a safe and complex framework.
Crypto.com proposes options for tokenizing actual property and transactional digital belongings, whereas the Dubai Land Division (DLD) will discover them and supply administration and logistics assist to implement joint tasks with these regulatory authorities. Crypto.com additionally gives technical assist, analytical instruments and studies for these tasks.
The Ministry of Finance (DOF), which develops and enforces the federal government's annual finances, permits cost of presidency charges at Crypto by way of crypto.com UAE regulatory trade. As soon as the system is activated, people and companies can use Crypto.com's digital wallets to pay for presidency providers. The platform converts crypto funds to AEDs and securely transfers funds to your Dubai Finance account.
Dubai has begun to show actual property into tokens
Prypco Mint, a joint initiative of Prypco, approved by the Dubai Land Division (DLD) and the Digital Asset Regulator (VARA), efficiently accomplished two tokenized property lists.
That is a part of an actual property tokenization challenge operated beneath a framework developed in partnership with VARA, the UAE Central Financial institution (CBUAE), and the Dubai Future Basis (DFF).
