Islamabad: The Pakistan Virtual Assets Regulatory Authority (PVARA) held a high-level meeting with a senior delegation from the United Arab Emirates at the Prime Minister’s Office to advance Pakistan’s national agenda on real-world asset (RWA) tokenisation.
The meeting was chaired by Bilal Bin Saqib, Chairman of PVARA, and attended by senior officials of the Authority. The UAE delegation comprised senior leadership from DAMAC Group and its DFSA-licensed and regulated real estate fintech platform, PRYPCO. Discussions focused on promoting the tokenisation of real estate, government assets, and future debt instruments within a structured and regulated framework.
Participants highlighted the strategic role of tokenisation as an economic enabler to unlock dormant assets, attract foreign and overseas Pakistani investment, and enhance financial transparency without creating additional fiscal pressure on the economy.
DAMAC Group, a global private real estate and investment group headquartered in the UAE, operates across more than 15 countries and is widely recognised as one of the region’s large-scale real estate developers and investment platforms.
During the session, PVARA briefed the delegation on Pakistan’s evolving virtual assets regulatory framework, which aims to encourage innovation while ensuring strong governance, investor protection, and market transparency. The Authority emphasised the potential of tokenisation to convert illiquid assets into regulated, investable financial instruments aligned with international standards.
The UAE delegation was led by Amira Hussain Sajwani, Co-Managing Director of DAMAC Group and Chief Executive Officer of PRYPCO. Other members included Essa Ibrahim, Vice President Investments at DAMAC Capital; Joseph El Am, General Manager Tokenisation at PRYPCO; Aqib Hassan, Chief Commercial Officer at One Homes; and Zeeshan Shah, Chairman of One Group.
The meeting was also attended by Salem Mohammad Alzaabi, Ambassador of the United Arab Emirates to Pakistan, underscoring the growing bilateral cooperation between Pakistan and the UAE in regulated digital finance and cross-border investment.
Commenting on the engagement, Chairman Bilal Bin Saqib said Pakistan views tokenisation not merely as a financial innovation but as a national economic enabler. He noted that while real estate represents a natural starting point, the broader vision extends to public assets and future debt instruments under a strong regulatory framework to build investor confidence and long-term market credibility.
PRYPCO is a DFSA-licensed and regulated real estate fintech platform that has successfully executed multiple regulated tokenised real estate offerings in Dubai. Its model enables fractional ownership of income-generating assets through transparent on-chain records and investor participation within a regulated environment.
PRYPCO’s inaugural tokenised property offering was fully funded within a single day, attracting investors from more than 40 countries and setting a regional benchmark for regulated digital investment.
