Dubai Makes Tokenizing Real Estate Official with DLD-VARA Partnership
- DLD and VARA join hands to achieve real estate tokenization in Dubai.
- Dubai is renowned for supporting blockchain implementation in the mainstream.
- The partnership will enhance inclusion and transparency in Dubai’s real estate sector.
Dubai’s Land Department (DLD) partnered with the Emirate’s Virtual Assets Regulatory Authority (VARA) to officially link the real estate registry with property tokenization platforms.
This collaboration uses an advanced governance system to integrate physical property records with blockchain-based tokens.
Boosting Efficiency, Liquidity via Blockchain
Dubai’s approach towards blockchain adoption is well-documented. The city is one of the foremost locations renowned for encouraging mainstream blockchain implementation. The latest move will enable property management companies to become more efficient and increase liquidity in the region’s real estate market.
The move builds on Dubai’s previously launched “Real Estate Tokenization Project.” Key officials including Helal Saeed Almarri (Director-General, Dept. of Economy and Tourism) and Marwan bin Ghalita (Director-General, DLD) attended the signing ceremony.
…The post Dubai Makes Tokenizing Real Estate Official with DLD-VARA Partnership appeared first on Coin Edition.
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Dubai Makes Tokenizing Real Estate Official with DLD-VARA Partnership
- DLD and VARA join hands to achieve real estate tokenization in Dubai.
- Dubai is renowned for supporting blockchain implementation in the mainstream.
- The partnership will enhance inclusion and transparency in Dubai’s real estate sector.
Dubai’s Land Department (DLD) partnered with the Emirate’s Virtual Assets Regulatory Authority (VARA) to officially link the real estate registry with property tokenization platforms.
This collaboration uses an advanced governance system to integrate physical property records with blockchain-based tokens.
Boosting Efficiency, Liquidity via Blockchain
Dubai’s approach towards blockchain adoption is well-documented. The city is one of the foremost locations renowned for encouraging mainstream blockchain implementation. The latest move will enable property management companies to become more efficient and increase liquidity in the region’s real estate market.
The move builds on Dubai’s previously launched “Real Estate Tokenization Project.” Key officials including Helal Saeed Almarri (Director-General, Dept. of Economy and Tourism) and Marwan bin Ghalita (Director-General, DLD) attended the signing ceremony.
…The post Dubai Makes Tokenizing Real Estate Official with DLD-VARA Partnership appeared first on Coin Edition.
Read More
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