DUBAI: The Dubai Multi Commodities Centre (DMCC), in collaboration with REIT Development, has unveiled plans for the Crypto Tower, a groundbreaking 17-storey development set to transform the blockchain landscape.
Slated for completion in early 2027, the tower will provide a dedicated space for blockchain, decentralised finance (DeFi), and Web3 companies, further cementing Dubai’s position as a global leader in the digital economy.
Located in the prestigious Jumeirah Lakes Towers (JLT) district, the Crypto Tower will span 150,000 square feet of prime leasable space, offering cutting-edge infrastructure designed for the growing crypto ecosystem. This ambitious project aims to attract startups, venture capitalists, and established enterprises, setting new standards in blockchain-integrated real estate.
Dedicated to innovation
The tower will feature nine floors dedicated to crypto startups and established blockchain businesses, equipped with advanced office spaces and collaboration areas. Three additional floors will be tailored for blockchain incubators and venture capital firms, fostering innovation and supporting the scaling of promising projects. A dedicated floor, powered by Chatoshi.ai, will focus on artificial intelligence (AI) integration with blockchain, providing a seamless fusion of emerging technologies.
Beyond office space, the Crypto Tower will offer a 10,000-square-foot indoor event venue and a 3,500-square-foot outdoor area, designed to host key industry gatherings and events. At the pinnacle of the tower, a 30,000-square-foot crypto club will serve as a premium networking and leisure hub for professionals in the blockchain space, combining both work and play in a luxurious setting.
Blockchain at its core
Blockchain technology will be at the heart of the Crypto Tower’s operations. Tenants will benefit from blockchain-powered management tools, including on-chain voting mechanisms, smart contracts, and automated services, ensuring transparency and streamlining tenant interactions. This approach underscores Dubai’s commitment to embracing innovative technologies that promote efficiency and trust.
Features and amenities
The Crypto Tower will be more than just a business hub; it will offer an exclusive lifestyle. Tenants and visitors will have access to an NFT art gallery, a gold bullion shop, and an exotic car dealership. For secure storage, the tower will house a 5,000-square-foot vault capable of accommodating high-value assets like cash, gold, and cold wallets.
Dubai leading in blockchain
Dubai has rapidly emerged as a blockchain powerhouse, with major global firms such as Binance, OKX, and Crypto.com establishing their presence in the city. The Crypto Tower will build on this momentum, attracting global talent and strengthening Dubai’s role as a nexus for innovation in the blockchain and crypto space.
Construction is set to begin in late 2025, with completion expected by early 2027. As the Crypto Tower takes shape, it promises to redefine the way the world views blockchain ecosystems, providing an unparalleled platform for innovation and collaboration in the heart of Dubai.