Tag: Dubai

Dubai’s real estate and crypto regulatory authorities have signed a new agreement aimed at expanding digital asset adoption in the real estate sector. On April 6, the Dubai Land Department (DLD) announced an agreement with the Virtual Assets Regulatory Authority (VARA). According to the announcement, the agreement will link Dubai’s real estate registry with property tokenization through…

The Dubai government has started the pilot phase of a project that will convert real estate assets into digital tokens on the blockchain. The Dubai Land Department (DLD), a government entity responsible for registering, organizing and promoting Dubai real estate, announced that it started the pilot phase of its real-estate tokenization project. The project was launched in…

Blockchain payment provider Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE). The company announced on March 13 that it had secured its DFSA license, allowing it to operate in the Dubai International Financial Center (DIFC), a UAE free-economic zone…

Emirates NBD, a Dubai government-owned bank, is offering new cryptocurrency services through its digital bank subsidiary Liv. Liv bank has enabled its customers to buy, hold and sell cryptocurrencies on its Liv X app in collaboration with Aquanow, a licensed crypto asset service provider, the companies said in a joint announcement on March 6. Introduced…

RWA-focused layer-1 blockchain Mantra is the first DeFi platform to secure a license from Dubai’s virtual asset regulator, VARA. Dubai is a rising market for the blockchain industry that is quickly establishing itself as one of the world’s leading financial centers. As a result, the region has welcomed a myriad of companies, including crypto trading platforms, media…

The real estate industry is undergoing a digital transformation, and Dubai is at the forefront of this revolution. In this episode of Decentralize with Cointelegraph, Amira Sajwani, managing director at Damac Properties, and John Patrick Mullin, co-founder and CEO of Mantra, discuss their $1 billion plan to tokenize real-world assets (RWAs) and reshape global property investment. Tokenization:…