The Swiss-based cryptocurrency firm Taurus plans to expand into the United Arab Emirates (UAE), specifically targeting the real estate sector as the trend of asset tokenization gains worldwide momentum.
Taurus recently announced the opening of a new office in the UAE. This move is part of their strategy to capitalize on the increasing interest in tokenizing real-world assets (RWAs) and to take advantage of the anticipated surge in Dubai's real estate market.
According to Taurus managing director Bashir Kazour, Dubai is not only a global investment hub but is also expected to see a 15% growth in its housing market in 2024. Kazour highlighted Dubai's attraction of foreign investment and its clear cryptocurrency regulations as key reasons why the region is ideal for the growth of tokenization. The establishment of Taurus' UAE office
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First found on: Swiss Crypto Firm Taurus Expands into UAE, Targeting Real Estate Tokenization
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