Ripple Slipped As Dubai Launches Real Estate Tokenization On XRPL, Future OI Climbs
Ripple (CRYPTO: XRP) slipped 1.33% to $2.30 on Tuesday after the Dubai Land Department rolled out Prypco Mint, its government-backed real estate tokenization platform on the XRP Ledger. The move marks a milestone in on-chain property ownership but failed to spark immediate buying interest.
Dubai Land Department rolled out Prypco Mint, the emirate’s first government-backed real estate tokenization platform built on the XRP Ledger. It lets United Arab Emirates ID holders acquire fractional shares of prime Dubai properties starting at AED 2,000 ($545). Title deeds are recorded on-chain, anchoring legal ownership directly to the blockchain.
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The Department aims to tokenize 7% of the Emirate’s $230 billion real estate market by 2033. International investors will gain access in a later phase.
Trading volume remained in line …
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