Dubai Partners With Crypto.com to Tokenize Real Estate
The Dubai Land Department has signed an agreement with Crypto.com to support real estate transactions on the blockchain network. The United Arab Emirates (UAE) has been at the forefront in allowing blockchain technology to take over the existing financial landscape. The new agreement also enables home buyers and investors to buy and sell properties using digital currencies.
The latest collaboration with the Dubai Land Department authorizes Crypto.com to enable investor verification, custody, settlement, and real estate tokenization. It is now on board with the ambitious Dubai Real Estate Strategy 2033 where it aims to reach a 1 trillion dirhams transaction target.
Also Read: US 50% Tariffs Start Aug 1: Lutnick Confirms Trump’s Trade Shift
Crypto.com To Empower the Dubai Real-Estate Industry Through Blockchain Technology
The real estate sector in Dubai is booming with new properties being sold within a week of their launch. Global investors are eyeing homes in the UAE for its tax-free returns and ease of business in the Emirates. The move also empowers blockchain technology to penetrate the real estate world and solve problems that have plagued the industry for decades.
Also Read: Bitcoin Breakout Ahead? Musk’s Party Might Just Trigger It
Dubai has been the go-to destination for both the real estate sector and blockchain technology advancements. The Emirates has been accelerating the adoption of digital currencies and is unveiling new strategies almost every month. They also aim to make the majority of all transactions cashless by adopting the new form of digital assets. Crypto.com and Dubai’s partnership marks a significant shift in policies highlighting that blockchain technology can solve various global issues.
“By embracing advanced technologies, Dubai is strengthening its attractiveness for high-quality investments and accelerating its progress towards its Dh1 trillion real estate transactions target for 2033. The partnership aims to develop mechanisms that support digital real estate transactions by leveraging blockchain technologies and virtual assets. The initiative seeks to enhance market liquidity and align with modern trends in smart investment.”, the report says.
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Crypto.com offers copy-trading for funds and politicians
Dubai Partners With Crypto.com to Tokenize Real Estate
The Dubai Land Department has signed an agreement with Crypto.com to support real estate transactions on the blockchain network. The United Arab Emirates (UAE) has been at the forefront in allowing blockchain technology to take over the existing financial landscape. The new agreement also enables home buyers and investors to buy and sell properties using digital currencies.
The latest collaboration with the Dubai Land Department authorizes Crypto.com to enable investor verification, custody, settlement, and real estate tokenization. It is now on board with the ambitious Dubai Real Estate Strategy 2033 where it aims to reach a 1 trillion dirhams transaction target.
Also Read: US 50% Tariffs Start Aug 1: Lutnick Confirms Trump’s Trade Shift
Crypto.com To Empower the Dubai Real-Estate Industry Through Blockchain Technology
The real estate sector in Dubai is booming with new properties being sold within a week of their launch. Global investors are eyeing homes in the UAE for its tax-free returns and ease of business in the Emirates. The move also empowers blockchain technology to penetrate the real estate world and solve problems that have plagued the industry for decades.
Also Read: Bitcoin Breakout Ahead? Musk’s Party Might Just Trigger It
Dubai has been the go-to destination for both the real estate sector and blockchain technology advancements. The Emirates has been accelerating the adoption of digital currencies and is unveiling new strategies almost every month. They also aim to make the majority of all transactions cashless by adopting the new form of digital assets. Crypto.com and Dubai’s partnership marks a significant shift in policies highlighting that blockchain technology can solve various global issues.
“By embracing advanced technologies, Dubai is strengthening its attractiveness for high-quality investments and accelerating its progress towards its Dh1 trillion real estate transactions target for 2033. The partnership aims to develop mechanisms that support digital real estate transactions by leveraging blockchain technologies and virtual assets. The initiative seeks to enhance market liquidity and align with modern trends in smart investment.”, the report says.
Read More