Blockchain-powered real estate tokenization venture launches in Abu Dhabi: Vietnamese blockchain-based real estate tokenization platform Briky Land Technologies and Abu Dhabi’s Inovartic Investments have signed a joint venture agreement to develop tokenized real estate and green asset-backed investment products, according to a press release. The JV will use blockchain, smart contracts, and digital asset frameworks to enable compliant fractional ownership of real estate and sustainability-linked assets.

IN CONTEXT- The agreement follows the UAE-Vietnam Business Forum held in Abu Dhabi earlier this month, where both sides emphasized cross-border technology and investment collaboration.

The details: The partners plan to roll out projects tied to major real estate developments and green investment initiatives across the UAE, with further announcements expected in the coming months. The venture will operate under ADGM’s digital asset framework to ensure compliance with virtual asset regulations, according to the statement.

Real estate tokenization is gaining traction in the UAE: Last month, Dubai Land Department launched the pilot phase of its real estate tokenization project and signed an agreement with Dubai Virtual Assets Regulatory Authority earlier this month to build a regulatory framework for virtual asset use in real estate transactions.

IN RELATED NEWS-

A new platform facilitating crypto-enabled property transactions and real estate tokenization launched in Dubai, Khaleej Times reports. The platform — Global Properties — allows property purchases using Bitcoin, Ethereum, USDT, and AE Coin—the UAE’s first AED-pegged stablecoin. The platform will provide access to fractional ownership in luxury residential and commercial properties. Additional services include fund transfers, legal documentation, residency-by-investment support, and tailored investment advisory.

Tags: