PRYPCO Mint
Overview
PRYPCO Mint is a platform backed by the Dubai Land Department that sells fractional tokens in ready Dubai residential units, with DLD issuing Property Token Ownership Certificates. Ctrl Alt mints the tokens on the XRP Ledger and PRYPCO handles onboarding, KYC and payments, which are made in UAE dirhams. A secondary market for the tokens opened on 20 February 2026.
Individual ready residential units in Dubai (e.g. Business Bay, Mohammed Bin Rashid City)
Product structure
Lowest eligible investor type: Retail investors
US persons: Excludes US persons
Investor eligibility: UAE residents aged 18+ with a valid Emirates ID; international access planned but no confirmed timeline
Classification of public offering terms, not a determination of your eligibility. Check the offering documents.- Legal wrapper
- DLD-recognised tokenized title (Property Token Ownership Certificates issued by DLD); a 2026 explainer describes holders as having beneficial interests via a licensed holding vehicle, while the DLD and Khaleej Times describe owners as registered via the blockchain. Exact legal form not confirmed in primary documents
- Regulatory status
- PRYPCO FZE holds VARA licence VL/25/05/001 (Broker-Dealer Services); Ctrl Alt Solutions DMCC holds VARA licence VL/25/05/002 (Broker-Dealer and Category 1 VA Issuance). Run under the DLD Real Estate Sandbox with Dubai Future Foundation; Central Bank of the UAE involved
- Asset segregation
- Not clearly disclosed in primary sources; third-party explainer describes a licensed SPV owning each property with token holders as beneficial owners
- Custodian
- Unverified
- Fund administrator
- Unverified
- Auditor
- Unverified
- Transfer agent
- Dubai Land Department issues token ownership certificates; ownership changes are validated by distributors before being reflected on-chain
- Proof of reserve
- none (title recorded with DLD)
Redemption & liquidity
- Redemption terms
- No redemption; exit via the PRYPCO Mint secondary marketplace (live 2026-02-20, 24/7, AED-denominated, listings within ±15% of current valuation) or a collective full-property sale (major decisions require 51% vote). Rental income distributed monthly
Fees
Per Khaleej Times (June 2025): 2% investment fee, 1% exit fee, 0.5% annual management fee, 2% DLD registration fee, up to 15% of capital appreciation
On-chain information
XRP Ledger
- Token standard
- Unverified
Contract addresses: unverified
Notes & material events
No current platform-wide value found. Phase 1 pilot (March 2025-February 2026) raised AED 18.5M in total from investors of 50+ nationalities (about USD 5.0M at the AED peg of 3.6725). Phase 2 secondary market opened 2026-02-20 with 7.8M tokens tradeable. First listing (Business Bay, AED 2.4M) sold to 224 investors within 24 hours; second (Kensington Waters, AED 1.5M) sold out in 1 min 58 s to 149 investors. The platform added tokenized gold (PAXG-backed) in June 2026. Individual Dubai tokenized properties minted by Ctrl Alt (e.g. 'World Islands' units) appear on rwa.xyz as 'represented' assets under Ctrl Alt, not PRYPCO. DLD target: tokenized property at 7% of Dubai market (~USD 16B) by 2033.
Revision history
No published revisions.