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Georgia’s Ministry of Justice has signed a memorandum of cooperation with PRYPCO to develop a compliant framework for real-estate tokenization. The agreement was concluded during the government’s visit to the United Arab Emirates and was witnessed by Prime Minister Irakli Kobakhidze. The signatories were Justice Minister Paata Salia and PRYPCO Founder-CEO Amira Sajwani. The program aims to attract new investment while keeping strong protections for property rights.
The Ministry’s announcement says the cooperation covers legal and technical work to link tokenized rights with existing public services. The statement adds that Georgia wants secure, transparent tools that fit current law rather than unregulated crypto pilots. The ministry’s news page confirm memorandum and describes tokenization as turning physical property into digital units under official oversight, with the goal of boosting investor confidence and market access.
A regional release further explains the scope, noting joint work on disclosure standards, KYC/AML, and secondary-market processes. The partners detail agreement and say the public–private model is designed to balance innovation with regulation. “This MoU reflects a shared belief that the future of real estate lies in trust, transparency, and technology-enabled access,” said Amira Sajwani, Founder and CEO of PRYPCO.
Justice Minister Paata Salia welcomed the cooperation, saying the objective is to modernize the legal and real-estate infrastructure while protecting investors. He added that clear rules will help the market grow in a safe way. The ministry emphasized that tokenization in Georgia will follow national legislation and international best practices, not replace them.
The move follows earlier steps by Georgia to test blockchain for land records. In December 2025, the Ministry of Justice signed an MoU with Hedera to explore putting parts of the land registry on-chain and to study tokenized property rights. Industry coverage outline partnership and recalled Georgia’s 2016–2017 work anchoring title data to Bitcoin, which made the country an early public-sector case study.
For real-estate tokenization, registry links are the key. If titles, leases, or mortgage interests can sync with official databases, tokens can represent real claims, cash flows, and encumbrances. That makes due diligence simpler, cuts reconciliation between banks and notaries, and could speed closings and distributions—without removing the oversight of courts, registrars, and licensed trustees.
Next, observers expect pilot scopes to define eligible asset types, investor categories, and disclosure formats. If pilots succeed, Georgia could open a regulated channel for foreign investors to buy compliant property tokens, while domestic owners gain new financing options tied to transparent, programmable records.
