The Pakistan Virtual Assets Regulatory Authority (PVARA) held a high-level meeting with a senior delegation from the United Arab Emirates to advance Pakistan’s national agenda on real-world asset tokenisation.
The meeting took place at the Prime Minister’s Office. It was attended by senior leadership from the UAE-based 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.
The meeting was chaired by Bilal Bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority, and attended by senior officials of the Authority. Participants emphasised the strategic use of tokenisation as an economic tool to unlock dormant assets, attract foreign and overseas Pakistani investment, and enhance financial transparency without creating additional fiscal pressure.
DAMAC Group is a global private real estate and investment group headquartered in the United Arab Emirates, with projects spanning more than 15 countries. The group is widely regarded as one of the region’s large-scale real estate developers and investment platforms.
During the session, the Authority briefed the delegation on Pakistan’s evolving virtual assets regulatory framework, which is designed to promote innovation while ensuring strong governance, investor protection, and market transparency. Particular emphasis was placed on the role of tokenisation in converting 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 growing bilateral cooperation in regulated digital finance and cross-border investment.
Commenting on the engagement, Chairman Bilal Bin Saqib said Pakistan views tokenisation not as a limited financial concept but as a national economic enabler. He said real estate represents a natural starting point, while the broader vision extends to public assets and future debt instruments under a strong regulatory framework to build investor confidence and long-term 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 framework.
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.