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PRYPCO Mint said it will launch an in-app marketplace on 20 February 2026 to enable users to buy, sell and transfer tokenised property interests through the PRYPCO Mint App, describing the functionality as “regulated” secondary activity under compliance controls. The company framed the release as “Phase 2” following an earlier phase that it said focused on establishing the regulatory and technical foundations for tokenising real estate on title deeds.
Dubai Land Department (DLD) separately announced it is moving its Real Estate Tokenisation Project into Phase II, stating that resale activity in a secondary market will begin on 20 February within a “regulated model” and “controlled pilot framework.” DLD said Phase II is intended to advance operational readiness and assess market functioning while maintaining transaction integrity and investor safeguards.
PRYPCO Mint’s announcement described the marketplace as available to UAE residents aged 18+ with a valid Emirates ID and said the platform is licensed by Dubai’s Virtual Assets Regulatory Authority (VARA). VARA’s public register lists Prypco FZE as an active licensed virtual asset service provider for broker-dealer services.
The development builds on a tokenised real estate pilot that DLD said it launched in May 2025 through the “Prypco Mint” platform, restricting participation to UAE ID holders and conducting transactions in UAE dirhams without using cryptocurrencies during the pilot phase. DLD has previously positioned the initiative as linking tokenisation to real estate title-deed processes, including issuing what it called a first-of-its-kind “Property Token Ownership Certificate” after the initial tokenised sale.
What this affects is primarily existing and prospective retail participants eligible under the project’s current access rules, because Phase II is described by DLD as enabling resale of real estate tokens within a controlled pilot model starting 20 February 2026, changing the practical ability to exit positions via secondary transfers rather than only primary issuance. For platforms and service providers, the shift places greater emphasis on regulated secondary-market operations and compliance controls referenced by PRYPCO Mint in its marketplace announcement.
