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 and included senior leadership from the UAE-based DAMAC Group and its DFSA-licensed 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 session was chaired by Bilal Bin Saqib, Chairman of PVARA, and attended by senior officials of the Authority. Participants highlighted the strategic potential 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. The meeting also showcased Pakistan’s evolving virtual assets regulatory framework, designed to foster innovation while ensuring strong governance, investor protection, and market transparency. Emphasis was placed on converting illiquid assets into regulated, investable instruments aligned with international standards.
The UAE delegation was led by Amira Hussain Sajwani, Co-Managing Director of DAMAC Group and CEO of PRYPCO, and 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 session was also attended by Salem Mohammad Alzaabi, UAE Ambassador to Pakistan, underscoring growing bilateral cooperation in regulated digital finance and cross-border investment.
DAMAC Group is a global real estate and investment group headquartered in the UAE, with projects in over 15 countries, while PRYPCO has executed multiple regulated tokenised real estate offerings in Dubai, enabling fractional ownership of income-generating assets through transparent on-chain records. PRYPCO’s first 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.
Chairman Bilal Bin Saqib described tokenisation as a national economic enabler for Pakistan, with real estate as a starting point and plans to extend the framework to public assets and future debt instruments to build investor confidence and long-term credibility.
