Deutsche-backed Taurus targets tokenized real estate market with Dubai office
The digital asset infrastructure provider plans to establish a presence in the United Arab Emirates (UAE) and the region’s housing sector as tokenization gains global steam. Taurus, a Swiss-based crypto company, announced a new office in the UAE geared towards tapping a growing narrative around tokenized real-world assets (RWAs) and an expected boom within Dubai’s real estate market . Besides its reputation as a global investment hotspot, experts expect a 15% growth in Dubai’s housing industry during 2024, said Taurus managing director Bashir Kazour. Kazour stressed that Dubai’s inflow of foreign investment and its clear crypto regulations mean that the region is a prime location for tokenization to take root. Taurus opening an office in the UAE signals the firm’s strategic positioning to leverage emerging digital asset trends, the director added in an email seen by crypto.news. You might also like: Investors must be ready for the power of asset tokenization | Opin...