Pakistan Virtual Assets Regulatory Authority Meeting with DAMAC Group and PRYPCO

The Pakistan Virtual Assets Regulatory Authority (PVARA) held a high-level meeting with a senior delegation from the United Arab Emirates to push forward Pakistan’s national strategy on real-world asset tokenisation. The discussion took place at the Prime Minister’s Office and marked a significant step toward structured collaboration in regulated digital finance.

Senior representatives from the UAE-based DAMAC Group and its DFSA-licensed real estate fintech platform, PRYPCO, participated in the meeting. The talks centred on the tokenisation of real estate, public-sector assets, and prospective debt instruments within a clearly defined and regulated framework. Officials highlighted tokenisation as a strategic economic mechanism to unlock dormant assets, attract foreign and overseas Pakistani investment, and improve financial transparency without adding fiscal strain.

The meeting was chaired by PVARA Chairman Bilal Bin Saqib and attended by senior authority officials. DAMAC Group, a globally recognised private real estate and investment conglomerate headquartered in the UAE, operates across more than 15 countries and is regarded as one of the region’s leading developers and investment platforms.

During the session, PVARA officials outlined Pakistan’s evolving virtual assets regulatory framework, which aims to balance innovation with robust governance, investor protection, and market integrity. Particular focus was placed on the potential of tokenisation to transform illiquid assets into regulated, investable financial instruments aligned with international best practices.

The UAE delegation was led by Amira Hussain Sajwani, Co-Managing Director of DAMAC Group and CEO of PRYPCO, alongside senior executives from DAMAC Capital, PRYPCO, and One Group. UAE Ambassador to Pakistan, Salem Mohammad Alzaabi, also attended, underscoring strengthening 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. Real estate represents a natural starting point; however, our broader vision extends to public assets and future debt instruments, all under a strong regulatory framework to build investor confidence and long-term credibility.”

PRYPCO, a DFSA-regulated real estate fintech platform, has already delivered multiple tokenised property offerings in Dubai. Its model enables fractional ownership of income-generating assets through transparent, on-chain records within a regulated environment. Notably, PRYPCO’s first tokenised property offering was fully funded within a single day, drawing investors from over 40 countries and setting a regional benchmark for compliant digital investment.