Emirate of Dubai and Ctrl Alt begin phase two of their tokenization project
- Dubai Land Department and Web3 company Ctrl Alt have begun phase two of their tokenization project, which will enable trading of tokenized real estate shares.
- After the first project phase, in which the technical foundations were laid and regulatory issues were clarified, the next step is integration into the real estate market.
The focus of the practical phase is on building an infrastructure in which investors can buy and trade tokenized real estate shares. The offer is intended to be open to institutional investors and qualified private investors.
Tokenization should not only enable fractional ownership of real estate, but also accelerate processing and increase the transparency of the transfer processes.
The Dubai Land Department as the responsible authority, sees this as a tool to establish Dubai as a global hub for digital assets.
Secondary market as a growth driver
With the introduction of a secondary market, the project goes beyond pure tokenization and takes care of perhaps the most important prerequisite for the acceptance of digital real estate products: liquidity.
In the future, investors should be able to trade their tokenized shares flexibly, without lengthy sales processes.
This will – or so one hopes – open up Dubai’s real estate market to new sources of capital and further increase its attractiveness for international investors.
At the same time, the partners emphasize that all transactions take place in a regulated environment to ensure market integrity and investor protection.
Dubai is increasingly using Web3 technology
The initiative fits into Dubai’s comprehensive digital assets strategy, which aims to integrate blockchain technologies into key economic sectors.
In recent years, the emirate has already created regulations that enable innovation and at the same time set clear compliance standards.
With the launch of the second phase of the tokenization project, Dubai is moving closer to becoming a leader in the Web3 system.
For the real estate sector, it is a further step towards efficient, transparent and internationally accessible markets.
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