- DMCC and REIT Development are constructing the 17-story Crypto Tower in Dubai, which will feature 150,000 square feet of office space for blockchain, DeFi, and Web3 companies.
- The tower will integrate blockchain technology for operations and host amenities like an NFT gallery, crypto club, and secure vault, promoting innovation and transparency.
Dubai’s Jumeirah Lakes Towers (JLT) is set to welcome a groundbreaking addition with the announcement of the Crypto Tower, a 17-story development by the Dubai Multi Commodities Centre (DMCC) in partnership with REIT Development. The tower aims to bolster Dubai’s position as a global blockchain leader, designed as a hub for blockchain, decentralized finance (DeFi), and Web3 companies.
The Crypto Tower will feature over 150,000 square feet of leasable space, including nine floors of offices tailored for crypto startups and established enterprises. Additional facilities include three floors for venture capital firms, blockchain incubators, investment companies, and a dedicated AI innovation floor powered by Chatoshi.ai.
Blockchain technology will be a core feature of the building’s operations, with on-chain voting, smart contracts, and automated services enhancing tenant interactions. This integration aims to set new standards for trust and transparency in community management.
The development also includes amenities for networking and collaboration. An exclusive crypto club spanning the top three floors will provide 30,000 square feet of leisure and networking space. For events, the tower offers a 10,000-square-foot indoor venue and a 3,500-square-foot outdoor area, catering to blockchain and crypto gatherings.
Further enhancing its appeal, the Crypto Tower will include a gold bullion shop, an NFT art gallery, an exotic car dealership, and a secure vault with 5,000 square feet for storing valuables like cash, gold, and cold wallets.
Brenda Stratton, Communications Director at REIT Development, highlighted the project’s innovative approach:
“By combining blockchain technology with real-world construction in Dubai’s DMCC, we’re creating a physical tower that serves as a central hub for the crypto community. Every expense is on-chain, setting a new standard for transparency.”
Construction of the Crypto Tower is scheduled for completion in the first quarter of 2027, with operations beginning shortly after.
Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by Harshajit Sarmah.
