Dubai Starts Real Estate Tokenization Pilot, Forecasts $16B Market by 2033
The Dubai Land Department’s initiative aims to expand access and transparency for property investments using blockchain rails.
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The Dubai Land Department’s initiative aims to expand access and transparency for property investments using blockchain rails.
As bitcoin continues to gain traction as a financial asset, its role in reshaping traditional mortgages could mark a significant advancement for homeownership and the American Dream.
Bitcoin represents a new frontier for wealth accumulation among younger generations. Instead of pursuing increasingly expensive real estate, younger investors might consider allocating funds to bitcoin, says Cyrus Ip, head of content, Bybit.
The framework includes recognition of smart contracts, licensing for crypto companies, property rights in tokens and custody arrangements among other issues.
The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post.
The firm will tokenize the real estate assets in several tranches.
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