BiyaPay analyst: Dubai Land Authority launches property tokenization platform, recharging USDT to BiyaPay and remitting to Dubai becomes a new option

BlockBeats news, on May 27th, Dubai Land Authority (DLD) recently teamed up with real estate fintech company Prypco and infrastructure service provider Ctrl Alt to launch the first real estate tokenization platform based on XRP Ledger blockchain - Prypco Mint. The platform tokenizes property ownership contracts and synchronizes official real estate records to achieve digital management and trading of assets. As an important innovation project supported by the government, Prypco Mint is expected to tokenize approximately 7% of Dubai's real estate market assets by 2033, with a scale of $16 billion. At present, the platform only supports UAE Dirham (AED) transactions and is limited to UAE ID card holders, but plans to open up global user access in the future. Zand Digital Bank serves as the banking partner of the platform, with regulatory agencies including the Central Bank of the United Arab Emirates, Dubai Virtual Asset Regulatory Authority (VARA), and Dubai Future Foundation's Real Estate Innovation Sandbox project. For global investors, efficient and secure cross-border capital inflows are key to participating in this digital real estate market. As a leading multi asset trading wallet, BiyaPay provides fast remittance services covering multiple countries and regions worldwide, supporting online exchange of over 30 mainstream fiat currencies and more than 200 digital assets. Users can easily transfer funds quickly from their local account to Dubai through BiyaPay, with no limit on the amount. The local transfer method ensures the safe arrival of funds, greatly improving the convenience and efficiency of cross-border investment. With BiyaPay, investors can easily participate in the Dubai real estate tokenization process and seize new opportunities for future wealth growth, no matter where they are.