PRYPCO Mint gains VARA licence to issue tokenized assets

PRYPCO Mint now holds a Category 1 Virtual Asset Issuance Licence from Dubai’s Virtual Assets Regulatory Authority (VARA), the approval that allows the platform to issue asset-referenced virtual assets (ARVAs), the legal structure behind tokenized real-world assets such as real estate. With the licence secured, the company becomes one of only three firms in Dubai authorised to issue such assets, and it can now scale issuance of tokenized real-world assets inside a fully regulated environment.

The approval is regarded as one of the most technically rigorous and sought-after in Dubai’s virtual asset ecosystem. In practical terms, it gives PRYPCO Mint the operational foundation to expand its tokenized investment products while staying compliant with the emirate’s evolving virtual asset regulations. The company describes it as a significant milestone that strengthens the connection between regulated digital asset infrastructure and real-world ownership.

PRYPCO Mint, MENA’s first real estate tokenization platform, launched that platform in strategic partnership with the Dubai Land Department (DLD). Since then it has drawn investors from more than 50 nationalities, a sign, the company says, of strong demand for tokenized real estate ownership. The new approval advances its stated ambition to become the leading real-world asset tokenization platform across the Middle East and beyond.

Amira Sajwani, Founder and CEO of PRYPCO, framed the licence as an execution milestone rather than a symbolic one. “This is a defining moment not only for PRYPCO Mint, but for the future of real-world asset tokenization in the region,” she said. “Securing a Category 1 VA Issuance Licence from VARA places us among a very small group of companies authorised to issue asset-referenced virtual assets in Dubai. More importantly, it provides the regulatory foundation required to scale tokenization responsibly, attract institutional participation and unlock broader access to real-world assets through a framework built on trust, transparency and compliance.”

She also pointed to the operational shift the licence enables. “As tokenization moves from concept to infrastructure, regulation becomes the defining differentiator,” Sajwani said. “This licence gives us the ability to build for the long term, expand access to high-quality real-world assets and help shape the future of regulated digital ownership from Dubai.”

Operating under VARA’s framework positions the platform to deliver tokenized assets with greater confidence for investors, institutions and strategic partners seeking exposure to what the company calls the next generation of asset ownership. The approval also reinforces Dubai’s growing status as a global hub for tokenized real-world assets, supported by a regulatory environment that continues to draw innovators, investors and institutions from around the world.

Meanwhile, the licence sits within a broader ecosystem built by PRYPCO, which describes itself as MENA’s first all-digital real estate ownership platform. Founded by Sajwani, the company brings together integrated real estate and financial solutions covering home financing, investment, residency and ownership. Its components include PRYPCO Mint, the world’s first real estate tokenization platform to partner with a government entity through the Dubai Land Department; PRYPCO Blocks, a fractional property investment platform; PRYPCO Mortgage, one of the UAE’s fastest-growing digital home financing platforms; PRYPCO One, a platform for real estate agents; and PRYPCO Golden Visa and Will services.

The company notes that its products and services have been approved by the PRYPCO Mint Shariah Supervisory Board. It also carries a disclaimer that the content is not an offer or solicitation to buy, sell or hold virtual assets, that virtual assets are subject to market fluctuations and investors may lose the full value of their investment, that no financial protection applies, and that investors should seek independent advice and review the Terms and Conditions before making any investment decision.

Whether the licence translates into scaled issuance and institutional uptake across the region will be the test to watch in the months ahead.