Dubai Multi Commodities Centre (DMCC) and REIT Development unveiled on Wednesday plans for a pioneering Crypto Tower in Jumeirah Lakes Towers (JLT), reinforcing Dubai’s position as a global hub for blockchain, decentralized finance (defi), and Web3 innovation.
The 17-story building will offer over 150,000 square feet of leasable space and feature advanced facilities designed to accommodate the growing needs of blockchain and crypto businesses. Brenda Stratton, Communications Director at REIT Development, highlighted the significance of the project, stating:
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 in the industry.
The Crypto Tower will include nine floors of offices tailored to crypto startups and established businesses, as well as three floors for blockchain incubators, venture capital firms, and investment entities. A dedicated floor will focus on artificial intelligence (AI) innovation powered by Chatoshi.ai.
“The Crypto Tower will feature cutting-edge infrastructure and state-of-the-art facilities, seamlessly integrated with advanced AI solutions powered by Chatoshi.ai,” according to project details. Beyond workspace, the facility will incorporate blockchain technology for tenant interactions through on-chain voting, shared resources, smart contracts, and other automated services.
The announcement states:
Blockchain technology will be used to streamline tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services.
“In doing so, the tower will build greater trust and transparency and reduce administrative load, setting a new standard in community decision-making and management,” DMCC added.
The tower’s design also includes a 10,000-square-foot indoor event space and a 3,500-square-foot outdoor area for hosting blockchain and crypto events. Exclusive amenities such as a 30,000-square-foot crypto club, NFT art gallery, and secure vault storage will cater to high-level networking and innovation. Expected to complete construction by Q1 2027, the project is a bold statement of Dubai’s commitment to technology-driven development.
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