Ripple XRP/USD slipped 1.33% to $2.30 on Tuesday after the Dubai Land Department rolled out Prypco Mint, its government-backed real estate tokenization platform on the XRP Ledger. The move marks a milestone in on-chain property ownership but failed to spark immediate buying interest.

Dubai Land Department rolled out Prypco Mint, the emirate’s first government-backed real estate tokenization platform built on the XRP Ledger. It lets United Arab Emirates ID holders acquire fractional shares of prime Dubai properties starting at AED 2,000 ($545). Title deeds are recorded on-chain, anchoring legal ownership directly to the blockchain. 

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