Global Cryptocurrency Exchange Crypto.com, and Dubai Land Department (DLD), have signed a Memorandum of Cooperation (MOC) to investigate the use of blockchain and digital currency in the real estate sector. The announcement follows previous news that the government will be able to use digital assets or cryptocurrencies to pay government fees.
According to the latest announcement, the initiative is part of Dubai Real Estate Strategy 2033, which aims to create a smart and sustainable real estate ecosystem using advanced technologies such as blockchain, digital assets and more.
The contract was signed by His Excellency Omar Hamad Bushehab, Director of the Dubai Land Division, and Mohamed Abdul Latif Al Hakim, authorized signatories of crypto.com., before several officials and CEOs from both sides.
The Dubai Lands Division has signed a Memorandum of Cooperation (MOC) with https://t.co/hznta4oq7d to develop a digital investment environment for virtual real estate assets and investigate the use of blockchain technology and digital currency within the sector. This initiative is…pic.twitter.com/eemdht7ypu
– July 6, 2025, Dubai Media Office (@dxbmediaoffice)
Crypto.com supports digital real estate transactions in Dubai
crypto.com supports digital real estate transactions in Dubai using blockchain and digital currency. This is well known as the encryption of real estate transactions. This not only helps to improve the liquidity of the real estate sector, but also helps to modernize it.
The partnership also aims to create an integrated digital ecosystem that enables real estate asset transactions, investor verification, digital custody and settlement processes to be carried out within a secure and sophisticated framework.
Crypto.com proposes solutions for tokenizing real estate and transactional digital assets, while the Dubai Land Division (DLD) will explore them and provide management and logistics support to implement joint projects with these regulatory authorities. Crypto.com also provides technical support, analytical tools and reports for these projects.
The Ministry of Finance (DOF), which develops and enforces the government’s annual budget, allows payment of government fees at Crypto via crypto.com UAE regulatory exchange. Once the system is activated, individuals and businesses can use Crypto.com’s digital wallets to pay for government services. The platform converts crypto payments to AEDs and securely transfers funds to your Dubai Finance account.
Dubai has begun to turn real estate into tokens
Prypco Mint, a joint initiative of Prypco, authorized by the Dubai Land Department (DLD) and the Virtual Asset Regulator (VARA), successfully completed two tokenized property lists.
This is part of a real estate tokenization project operated under a framework developed in partnership with VARA, the UAE Central Bank (CBUAE), and the Dubai Future Foundation (DFF).
