Islamabad: The Pakistan Virtual Assets Regulatory Authority (PVARA) hosted 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 engagement underscores Pakistan’s commitment to leveraging digital finance as a tool to unlock dormant assets, attract overseas investment, and enhance economic transparency.
The session was chaired by Bilal Bin Saqib, Chairman of PVARA, and attended by senior officials from the authority. Representing the UAE, the delegation comprised top leadership from DAMAC Group and its DFSA-licensed real estate fintech platform, PRYPCO. Discussions focused on promoting tokenisation of real estate, government-owned assets, and future debt instruments within a structured and regulated framework.
Chairman Bilal Bin Saqib emphasized that tokenisation is not merely a financial innovation but a strategic economic enabler. He highlighted its potential to convert illiquid assets into regulated, investable financial instruments while ensuring strong governance, investor protection, and market transparency. “Real estate represents a natural starting point for Pakistan’s tokenisation journey, but our vision extends to public assets and future debt instruments to foster long-term investor confidence,” he stated.
DAMAC Group, a UAE-based global real estate and investment firm operating across 15 countries, shared insights into their experience in executing regulated tokenised offerings through PRYPCO. The platform enables fractional ownership of income-generating assets, providing transparent on-chain records and global investor participation within a compliant regulatory environment. PRYPCO’s inaugural tokenised property offering was fully subscribed in a single day, attracting investors from over 40 countries and setting a regional benchmark for digital real estate investment.
The meeting also included participation from Amira Hussain Sajwani, Co-Managing Director of DAMAC Group and CEO of PRYPCO, along with Essa Ibrahim, Vice President of Investments at DAMAC Capital, Joseph El Am, General Manager of Tokenisation at PRYPCO, Aqib Hassan, Chief Commercial Officer at One Homes, and Zeeshan Shah, Chairman of One Group. Salem Mohammad Alzaabi, UAE Ambassador to Pakistan, was also present, reflecting the growing bilateral cooperation in regulated digital finance.
Officials discussed the strategic role of tokenisation in stimulating economic growth without increasing fiscal pressure, unlocking previously untapped assets, and creating new investment opportunities for overseas Pakistanis. The dialogue also reinforced Pakistan’s commitment to a strong regulatory framework that aligns with international standards, ensuring sustainable growth of the virtual assets ecosystem.
Through this collaboration, Pakistan aims to establish a credible and transparent environment for tokenised investments, attracting global capital while fostering innovation in digital finance. By integrating international expertise and regulatory oversight, PVARA envisions a future where tokenisation contributes significantly to the nation’s economic development and financial inclusion objectives.
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