The Dubai Financial Services Authority (DFSA) granted regulatory approval to QCD Money Market Fund (QCDT), making it the first tokenized money-market fund with an official set-up in the Dubai International Financial Centre (DIFC), according to Qatar National Bank (QNBK), while DMZ Finance, the companies behind the fund.

The fund’s investment strategy and asset origination is led by Qatar National Bank while DMZ Finance provides the technology underpinning its digital architecture, the companies said in a statement shared with CoinDesk.

The regulatory approval serves as evidence of Dubai and the Middle East’s growing role as a hub for compliant digital asset finance, particularly in the tokenization market. According to a joint report by Ripple and BCG, the global market for tokenized RWAs is projected to surge to $18.9 trillion by 2033, with jurisdictions like Dubai and Doha emerging as early leaders of this transformation.

“As the Middle East rapidly emerges as a global hub for financial innovation, the successful deployment of QCDT further consolidates QNB’s leadership in the regional financial ecosystem and reflects our long-term vision to shape the next generation of financial infrastructure,” Silas Lee, CEO of QNB Singapore, said in the statement.

The fund, launched to bring traditional assets, such as U.S. Treasuries, on-chain, aims to serve a broad spectrum of institutional applications, including bank-eligible collateral, stablecoin backing, exchange reserves and Web3 payment infrastructure. With its regulatory compliance, yield stability and on-chain transparency, the backers say they expect it to catalyze adoption across both financial and crypto-native institutions.

“Tokenization of real-world assets is no longer experimental — it is foundational,” said Nathan Ma, co-founder and chairman of DMZ Finance. “Our goal at DMZ is to provide the connective tissue between traditional markets and the digital asset ecosystem, particularly in regions ready for innovation.”

DMZ Finance is a Singapore-based fintech company focused on the tokenization and custody of real world assets

. The QNB Group was established in 1964 as Qatar’s first Qatari-owned commercial bank, with 50% ownership held by the Qatar Investment Authority.

Dubai’s real estate market surged in May, posting record sales volumes and transaction values that signal growing investor confidence and potential readiness for property tokenization.

According to data shared in a press release with Cointelegraph by real estate platform Property Finder, Dubai’s real estate sector reached a total sales value of 66.8 billion dirhams (about $18.2 billion) across 18,700 transactions in May. The figures indicate a 44% year-on-year surge in transaction value and a 6% rise in sales volume.

The growth was driven by both primary and secondary market activity. Primary sales saw a 314% spike in value compared to May 2024, while secondary sales rose 21% in value.  

The performance comes amid an accelerating push into real estate tokenization, which opens up the market to more investors and reshapes the dynamics of property ownership. 

Dubai’s real estate market performance signals tokenization readiness

Scott Thiel, the co-founder and CEO of the real-world asset (RWA) tokenization platform Tokinvest, told Cointelegraph that the record-breaking performance of Dubai’s real estate market signals the city’s readiness for real estate innovation like tokenization. 

“It reinforces what we already knew, Dubai is becoming one of the most active and attractive real estate markets globally,” Thiel told Cointelegraph. “When you see 60 billion dirhams in transactions in a single month, it’s a strong signal that the market is liquid, dynamic and ready for innovation.”

The executive added that real estate tokenization is no longer a futuristic concept but an active development gaining steam. Thiel added that the volume presents a perfect launchpad for fractionalization — dividing properties in smaller, more affordable shares — to meet investor demand locally and internationally. 

Thiel added that tokenization will not just follow market growth but will help accelerate it. “Tokenisation won’t just accompany the next record, we believe, it will help drive it,” he said.

Related: Dubai regulator greenlights Ripple’s RLUSD stablecoin

Regulators back tokenized assets

Dubai’s real estate boom in May coincided with major regulatory and industry developments to modernize how properties are sold and bought. 

On May 1, Dubai’s MultiBank Group, real-estate giant MAG and blockchain provider Mavryk signed a $3 billion RWA agreement. The deal will bring MAG’s luxury real-estate projects into the blockchain using a regulated RWA marketplace. 

On May 19, the Virtual Asset Regulatory Authority (VARA), Dubai’s crypto regulator, updated its guidelines to include provisions for real-world asset (RWA) tokenization. Lawyer Irina Heaver told Cointelegraph these rules give issuers and exchanges a clear path to launch and trade tokenized real estate assets. 

On May 25, the Dubai Land Department (DLD), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation launched a tokenized real estate project in the Middle East and North Africa region. The government institutions launched a platform that allows investors to buy tokenized shares in “ready-to-own properties in Dubai.”

Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin

]]> https://earlybirdsinvest.com/dubai-real-estate-sales-hit-18b-in-may-amid-tokenization-push/feed/ 0 40807 https://earlybirdsinvest.com/xrp-marks-another-milestone-as-dubai-brings-16-billion-in-real-estate-company-to-the-blockchain-details/ https://earlybirdsinvest.com/xrp-marks-another-milestone-as-dubai-brings-16-billion-in-real-estate-company-to-the-blockchain-details/#respond Wed, 28 May 2025 22:55:52 +0000 https://earlybirdsinvest.com/xrp-marks-another-milestone-as-dubai-brings-16-billion-in-real-estate-company-to-the-blockchain-details/

XRP has achieved another impressive milestone with the Dubai Land Department’s announcement of a $16 billion real estate tokenization project on the XRP Ledger (XRPL). This development has been lauded as one of the factors that could spark an XRP price rally.

XRP Records Milestone With New Dubai Land Department Project

In a press release, Ctrl Alt revealed that it has partnered with Dubai Land Department (DLD) to develop a secure and compliant tokenization framework. The project will focus on structuring, minting, and tokenizing real estate deeds on the blockchain. The release also mentioned that the XRP Ledger has been chosen for the tokenization project, representing a huge achievement for the XRP ecosystem.

Related Reading

Ctrl Alt noted that the XRP Ledger is a decentralized layer-1 blockchain, which is renowned for its decade-long reliability and stability in tokenizing and exchanging digital and real-world assets. This move is expected to further enhance the network’s utility and ultimately increase demand for XRP, the network’s native token. 

Ripple Executive Reece Merrick commented on the development, noting that the Dubai Land Department forecasts a $16 billion tokenized real estate market by 2033. This represents 7% of total property transactions, which would be processed on the XRP Ledger. 

Pro-XRP lawyer John Deaton also commented on this milestone. In an X post, he remarked that people fail to realize that the XRP Ledger, which was created in 2012, has the world’s first decentralized exchange (DEX). He added that this DEX was designed for RWA tokenization, such as real estate, indicating that the XRPL is the perfect choice for the DLD. 

Crypto analyst Cryptoinsight highlighted how bullish this milestone is for the XRP price, predicting that it could be one of the catalysts that sparks a rally to $12. This will mark a new all-time high (ATH) for the altcoin. 

Other Recent Milestones For XRP And The XRP Ledger

XRP has recorded some other milestones in the last week. Brazil’s Braza Group announced that its new USD-backed stablecoin, USDB, will launch on the XRP Ledger. This will give individuals and institutions a seamless and secure way to move value across borders. It is worth mentioning that Braza had already launched the BBRL, a Real-backed stablecoin, on the XRP Ledger earlier this year. 

Related Reading

Meanwhile, Schuman Financial’s EURØP became the first MiCA-compliant euro stablecoin on the XRP Ledger last week. Ripple noted that this is a key step toward compliant stablecoin adoption, enabling payments, tokenized real-world assets (RWAs), and on-chain finance in the European market. Mayukha Vadari, a software engineer at Ripple, has also teased a number of exciting new features coming soon to the XRP Ledger.

At the time of writing, the XRP price is trading at around $2.30, up in the last 24 hours, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com

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Attending TOKEN2049 was a breathtaking experience. Set in Dubai, the event drew over 15,000 attendees and industry leaders.

Dubai has now established itself as the global center of blockchain, decentralized finance (DeFi) and Web 3.0 – and the heart of the MENA (Middle East, North Africa) region.

This conference was full of optimism and celebration at the significant steps that blockchain, DeFi and Web 3.0 took worldwide.

Here are 10 key takeaways from the TOKEN 2049 event.

1. AI-blockchain synergy

• Autonomous artificial intelligence (AI) agents were instrumental in key blockchain use cases like fraud detection, analytics and smart contract optimization.
• Graphics Processing Unit (GPU) clouds could cut AI training costs by 50%.
• The blockchain x AI technology will be a powerful synergy for the road ahead.
• AI-driven blockchain audits will prevent over $50 billion in annual DeFi hacks.
• Cognitive smart contracts could become a new standard in secure computing.
• Fifty percent of the world’s AI training has the potential to be run on GPUs on the cloud in less than five years.
• With the explosion of use cases, AI and blockchain have the potential to reframe the Web 3.0 world as we know it.

2. DePIN technology will change the world

• DePIN (decentralized physical infrastructure networks) were everywhere at the conference.
• Some companies provided archival systems at 90% cheaper than traditional cloud computing giants.
• Distributed wireless grids, file systems, IaaS (intelligence-as-a-service), digital infrastructure and IoT systems stole the limelight.
• The DePIN market is expected to reach $300 billion by 2030.
• Decentralized Infrastructure provides power to the users and enables personal revenue.
• Smart cities could also be disaster-resistant with DePIN technology for electricity, internet, wireless systems, edge computing and Internet of Things (IoT).

3. Tokenized real-world assets are a reality

• Over $120 billion will be spent this year alone on tokenizing just real estate.
• Dubai’s VARA framework enables fractional blockchain ownership of luxury assets.
• This trend will only increase and cover everything from luxury cars to high-value assets like artwork.
• The RWA (real-world asset) tokenization market will hit the trillion-dollar market cap by as early as 2026.
• AI-managed investment portfolios with hold both crypto and real-world tokens.
• This is the long-awaited comeback of the security token in RWAs.
• Multiple institutions like banks, asset management firms and investment leaders are showing interest.

4. Bitcoin becomes mainstream

• Long seen as a speculative investment, Bitcoin is now a viable asset.
• With Trump’s presidency, multiple firms and institutions are investing in Bitcoin as a long-term purchase.
• The outlook for Bitcoin is incredibly optimistic, especially among core crypto followers.
• This is a key moment for cryptocurrency and Web 3.0 development.
• The legitimization of Bitcoin provides a solid foundation on which to build DeFi and Web 3.0 platforms.
• Companies are seeing past the hype and investing in Bitcoin heavily.
• Some analysts were even quoted predicting that Bitcoin could hit $1 million by 2028.

5. MENA is the powerhouse of global Web 3.0

• Crypto transfers in this region exceeded $330 billion in 2025, with 93% of transactions by institutions.
• UAE and Qatar were the main participants in this sector.
• The US will be implementing more relaxed crypto regulation – but until it does, the UAE, with its innovative regulations, will be the center of crypto globally.
• There are discussions to open up energy reserves like crude oil to tokenization and fractional ownership.

6. Stablecoins are the first accepted use case of crypto

• Stablecoins have become one of the backbones of global payments.
• Cross-border frictionless trading and commerce is now a reality with stablecoins.
• The share in cross-border transfers could rise to even 50% by around 2028.
• Stablecoins have seen massive adoption by individuals and institutions alike.
• As protocols evolve for DeFi, this trend is only set to increase and become even more common.

7. Breakthroughs in DAO governance

• In 2025, AI-powered voting systems in DAOs automated 30% of decisions in collective environments.
• This is the start of a widespread change in how systems are governed autonomously.
• DAO is a governance method that truly gives power to the people.
• It is predicted that even CeFi (centralized finance) systems will be using DAOs by 2030.
• For asset management, DAOs potentially represent a multi-trillion-dollar market.

8. Web 3.0 gaming breaks the casual barrier

• Major studios launched play-to-earn models with AAA gameplay.
• This is only the beginning of a huge shift in gaming as a whole.
• Extractive economics was only the beginning.
• The metaverse, player-generated assets and Web 3.0 gaming will change the way everyone games.
• Annual revenue could exceed $200 billion by 2029.
• Metaverse content will be immersive, VR/AR integrated and created primarily by AI.
• Play-to-earn could also include socially desirable changes in multiple sectors.

9. The importance of security

• As blockchain, DeFi and Web 3.0 move into acceptable investments, security is now the key.
• $1.2 billion was lost through blockchain scams in 2024 alone.
• Security standards need to evolve and keep up with advances in technology.
• As hackers use generative AI and sidechain attacks on major institutions – it is critical that security standards be defined, refined and enhanced at least four times each year.
• Quantum computing, in particular, plays a very important role as perhaps the biggest threat to cybersecurity.
• Emerging technologies like ZKPs (zero-knowledge proofs) and biometric authentication need integration into blockchain systems.

10. Regulational clarity worldwide

• Perhaps the single biggest reason that Dubai became the crypto capital of the world – the transparent and lenient regulations adopted by the UAE for crypto and blockchain.
• The US is expected to follow suit very soon with sweeping regulatory changes.
• In less than five years, as countries see the advantages of these regulations – expect similar changes all over the world and for crypto to become the defining standard of the wealth of the nations.
• This would truly introduce wealth distribution worldwide.
• Trump is soon expected to introduce regulatory changes in the US for crypto as well.

The road ahead

TOKEN2049 Dubai 2025 marks the point where crypto moves from labs to global infrastructure.

There are many scams still at work, but crypto will be one of the defining forces of the modern world.

As regulatory changes are made worldwide, expect the entire industry to grow by ten times at the very least by this time next year.

The optimism is mixed with caution because of the lack of sweeping security standards and the lack of international regulatory enforcement.

2025 is the year when such changes are expected to take place.

And there has never been a more exciting time to be involved in crypto, AI, DeFi, DePIN, blockchain and Web 3.0 – ever.

Binary Bard is a business consultant and a tech aficionado decoding the digital frontier one innovation at a time, from blockchain breakthroughs to tech startups.

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As a result of this collaboration, residents and businesses can pay for services such as visa fees, licensing and utilities via Dubai Pay, the government’s digital payment platform. The pilot program later this year will begin implementing this service.

“Today’s announcement represents a major advance in digital finance adoption with comprehensive integration into the government’s payment class,” said Mohammed Al Hakim, president of Crypto.com. In particular, we entered Dubai in 2023 after receiving our first Virtual Asset Regulatory Authority (VARA) license.

https://t.co/vcnztatkng is proud to be selected for support @dof_dubai With the world’s first agreement to enable the implementation of digitalisation of payments across the government.

read more https://t.co/1ujbe7yh7 pic.twitter.com/ybaobchldi

– crypto.com (@cryptocom) May 13, 2025

Ministry Director General Abdulrahman Saleh Al Saleh said, “We take great pride in our important role in promoting Dubai Finance’s Dubai cashless strategy and shaping the unique digital finance future.”

Explore: Best Meme Coin ICO to Invest in 2025

Hash key bag vasp license to operate in the UAE via VARA

Hashkey announced its official launch in the UAE on May 12, 2025, with the establishment of Hashkey Global MENA. With a Virtual Asset Service Provider (VASP) license obtained through VARA in Dubai, Hashkey can provide broker-dealer services within and from Dubai.

“As a licensed platform, Hashkey Global Mena adopts institutional needs by providing a regulated, secure gateway for Fiat Crypto transactions, backed by institutional grade safeguards like standard charters and strategic partnerships.”

Going forward, Hashkey Global MENA will focus on providing local individuals and institutions with regulated and secure access to virtual asset services.

Additionally, Fiat-to-Critto transactions at USD and AED will be facilitated by the platform in collaboration with Standard Chartered, an international banking group based in London, UK.

The partnership also provides established cryptocurrency over-the-counter (OTC) trading services.

Explore:12+ Hottest Encryption Presale to Buy Now

Dirham-based Crypto conversion service launched by Mbank in the UAE

Al Maryah Community Bank (MBANK), an integrated digital bank in the UAE, announced on May 12, 2025 that it will launch its Dirham-based Crypto conversion service along with Crypto Custodian Changer.

The UAE’s central bank uses MBANK’s digital infrastructure to promote safe, regulatory escrow retention for AED funds. Additionally, digital assets, including USDT and USDC, and Stablecoins can be converted to AED via the Changer Platform.

Mohammed Wassim Khayata, CEO of Mbank and Changer’s board member, said, “By providing AED escrow account services to changers, we ensure a secure and regulated Dillaham to crypto conversion for changer clients.”

MBANK CTO Tarek Soubra continues. “Customers can convert Cryptocurrencies to AED via Changer.ae and use the modified AED funds seamlessly.

Explore: Top Solanamem Coins to Buy in 2025

emarat and crypto.com is collaborating to bring Crypto to a fuel station in the UAE

Emarat, a state-owned fuel retailer, has enabled its customers to pay for fuel and other retail services through its partnership with Crypto.com.

Announced on May 8, 2025, the early stages of this integration will be limited to 10 EMARAT fuel stations across the UAE, with plans to allow crypto payments across the network.

“The partnership with crypto.com reflects our commitment to innovation and offering diverse payment options to our customers. This initiative is in line with the UAE’s strategy to lead digital finance and emerging technologies,” said Ali Khalifa al-Shamsi, director of Emarat.

As a result, customers can bypass traditional Fiat transactions and pay for fuel using Bitcoin and other digital assets directly at the pump.

Explore: 20+ next ciphers that will explode in 2025

Post-Dubai Cashless Strategy: Crypto.com first appeared in 99Bitcoins.

With over 15,000 attendees packing the venue across two days, the final day delivered a flurry of high-impact reveals, bullish sentiment, and a few headline-grabbing moments that will ripple across the blockchain industry in the months to come.

USD1 Becomes the Star Stablecoin of the Show

One of the standout moments unfolded on the OKX stage, where World Liberty Financial (WLF) announced a native integration of its USD1 stablecoin on TRON. Executive VP and Co-Founder Zach Witkoff didn’t hold back — confirming that the minting process will kick off with hundreds of millions and scale to billions in market cap “in the near future.”

But that wasn’t the end of it. Witkoff also revealed that USD1 will be used to close MGX’s $2 billion investment in Binance, marking the first-ever institutional Binance investment conducted entirely in a stablecoin. It’s a watershed moment — not just for stablecoins, but for how major deals might be executed in the future.

Eric Trump’s Fiery Critique of Global Finance

Eric Trump, Executive Vice President of the Trump Organization, delivered a fiery indictment of the global financial system, calling it “broken,” outdated, and rigged against the average person. Speaking alongside industry giants like World Liberty Financial’s Zach Witkoff and Tron’s Justin Sun, Trump shared personal experiences of political backlash that pushed him toward the world of crypto.

“It works really well for, you know, maybe the top 1% or the top 0.1%, but it doesn’t work for the rest of the world,” Trump said, reflecting on how his family’s political involvement revealed the fragility and weaponization of traditional systems. “The second you start saying something that goes against the system, they’ll cancel you, ostracize you, and come after you.”

Mesh Brings Crypto to Checkout With Apple Pay

Another strong play came from Mesh, which introduced an Apple Pay integration enabling crypto-to-stablecoin payments for retail and e-commerce checkouts. Built on its proprietary SmartFunding tech, the move effectively removes the last-mile barrier for crypto users who want seamless, real-world utility — spend crypto, merchants get stablecoins.

Launching later in Q2, this comes hot on the heels of Mesh’s $82M Series B led by Paradigm, and could prove pivotal in nudging crypto closer to mainstream adoption.

Pipe Network Levels Up With PipeQuest Launch

In the world of decentralized infrastructure, Pipe Foundation rolled out PipeQuest, a gamified incentive program for its upcoming Pipe Network — a decentralized CDN built on Solana. Season 1 kicks off on May 5, 2025, and will focus on ramping up node performance, community participation, and demand-side traction.

Think of it as the Web3 version of a boot camp — with each week-long season preparing the network for its anticipated mainnet launch this summer.

Emad Mostaque Debuts Open-Source Medical AI Model

On the AI x crypto frontier, Emad Mostaque — founder of Intelligent Internet and former CEO of Stability AI — took the stage to unveil the II-Medical-7B-Preview, a medical reasoning model trained with curated data and DAPO (Data & Policy Optimization).

Paired with the launch of a whitepaper waitlist, this marks a bold move toward open-source healthcare AI, a vision rooted in equitable access and decentralized intelligence.

Culture, Conversations, and Crypto in the Desert

Beyond the announcements, TOKEN2049 Dubai served as a bustling meeting ground for founders, VCs, creators, and curious newcomers alike. From Eric Trump’s appearance and thoughts on digital sovereignty to candid conversations in the event hall corridors, the energy was palpable.

As the sun set over Dubai and the final panels wrapped, attendees left not just with media kits and merch — but with a renewed sense of what’s possible in Web3.

The post TOKEN2049 Dubai Wraps Up with Major Announcements, Eric Trump Steals the Spotlight appeared first on Cryptonews.

April 30th, 2025 – Victoria, Seychelles

The exclusive wallets made their debut at the TOKEN2049 event, where attendees had the chance to receive them for free through on-site interactive activities.

This special edition wallet retains the advanced security features of the original Ledger Nano X, while incorporating custom BYDFi design elements, including visual branding and customized packaging. Symbolizing a deep collaboration on user asset protection and Web3 innovation, the wallet is equipped with a secure element chip, supports the offline storage of a wide range of digital assets, and defends against common forms of cyberattack—offering users an enhanced standard of self-custody.

Secure by Design: Ledger x BYDFi Hardware Wallet Makes Its Official Launch

The launch drew large crowds to the BYDFi booth at TOKEN2049, where many attendees successfully received the limited edition wallet by completing live interactions. Designed for secure self-custody, the Ledger x BYDFi wallet gives users full control over their private keys and assets, reducing reliance on centralized platforms and elevating personal asset sovereignty.

Michael, Co-founder of BYDFi, commented at the event:

“TOKEN2049 coincides with BYDFi’s fifth anniversary, making this a milestone moment for us. This collaboration with Ledger reflects our continued commitment to asset security. The limited edition wallet is designed especially for high-net-worth individuals who demand institutional-grade protection for their digital assets.”

Expanding Horizons: BYDFi’s Vision for Global Growth and Market Leadership

In addition to the co-branded wallet, BYDFi showcased its on-chain trading solution, MoonX, at the event. As a flagship product of BYDFi’s “CEX + DEX” dual-engine strategy, MoonX merges the transparency of on-chain execution with the high-speed performance of centralized systems—delivering an ultra-smooth, seamless trading experience tailored to the rising demands of DeFi users.

The launch of MoonX not only expands the boundaries of BYDFi’s trading ecosystem, but also promotes greater diversity in trading methods and empowers users with more choice and flexibility.

Looking ahead, BYDFi will continue to strengthen collaborations with global partners and infrastructure providers, accelerating the deployment of innovative products and further solidifying its global service capabilities.

About Ledger Nano X

The Ledger Nano X is a hardware wallet certified by independent security labs. It features a tamper-proof secure element chip that safely stores users’ private keys. Any unauthorized access attempts trigger a self-destruct mechanism, ensuring maximum protection. Additional features include PIN protection, a 24-word recovery phrase, encrypted Bluetooth connectivity, and hidden wallets accessible via separate PINs—delivering comprehensive security for crypto asset holders.

 More info: https://www.ledger.com

About BYDFi

Founded in 2020, BYDFi has been recognized by Forbes as one of the world’s top 10 crypto exchanges, is officially listed on CoinMarketCap and CoinGecko, and holds MSB licenses in multiple jurisdictions. It is also a member of South Korea’s CODE VASP Alliance.

Today, BYDFi serves users in 190+ countries, with a global user base exceeding 1,000,000. The platform supports spot, perpetual, and on-chain trading, enabling access to over 600 cryptocurrencies and 500,000+ memecoin pairs. BYDFi is committed to delivering a world-class crypto trading experience. BUIDL Your Dream Finance.

• Website: https://www.bydfi.com
• Support Email: cs@bydfi.com
• Business Partnerships: bd@bydfi.com
• Media Inquiries: media@bydfi.com

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Contact

Senior Marketing Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com