Dubai Land Authority signs blockchain real estate cooperation agreement with Crypto.com

According to Crowdfund Insider, Dubai Land Authority (DLD) has signed a memorandum of cooperation with global cryptocurrency platform Crypto.com to jointly create a virtual real estate digital investment environment. This cooperation aims to promote Dubai's digital transformation, support real estate blockchain innovation, and help achieve Dubai's real estate strategy 2033 and Dubai's economic agenda D33. The agreement includes blockchain real estate transactions, asset tokenization, and the application of digital currencies in real estate settlement. It is expected to open up new channels for international investors and further consolidate Dubai's leading position as a global smart city.