Fractional Token Ownership
Instead of requiring millions of rupees or dollars to buy commercial real estate, tokenization breaks multi-story office towers or shopping malls into security tokens representing fractional ownership.
Dolmen Mall Clifton & Harbour Front Corporate Tower, Karachi
Dolmen City REIT represents Pakistan's premier listed rental REIT, offering investors exposure to top-tier commercial retail and corporate real estate in Karachi. With SECP's regulatory sandbox for digital asset tokenization, assets like Dolmen Mall can be digitized into micro-fractional security tokens, allowing both local retail investors and overseas Pakistanis to invest directly from digital wallets.
Prices in rupees per unit from the PSX data portal, updated each weekday after the close; each REIT shows when it was last priced. Returns are price-only and not adjusted for payouts. XD: trading ex-dividend. Not investment advice.
Instead of requiring millions of rupees or dollars to buy commercial real estate, tokenization breaks multi-story office towers or shopping malls into security tokens representing fractional ownership.
Rental revenues collected from tenants are automatically routed into blockchain smart contracts, distributing monthly or quarterly dividend payouts directly to token holders' non-custodial wallets.
Every property title, lease deed, and valuation report is cryptographically hashed onto immutable ledgers, eliminating title fraud and speeding up property audit cycles from months to minutes.

SECP chairman Kabir Ahmed Sidhu says steps are being taken to strengthen Pakistan's domestic currency bond market, as Naya Nazimabad Apartments REIT lists on the Pakistan Stock Exchange.

Muhammad Ijaz of Arif Habib Dolmen REIT Management says 18 REIT funds are established, with more than Rs2 trillion of projects under development and five listed on the Pakistan Stock Exchange.

Simon Andrews of the International Finance Corporation and Bolormaa Amgaabazar of the World Bank met minister Ahad Cheema to discuss investment, SMEs, public-private partnerships and housing finance.

Grant Cardone says commercial real estate is in a historic reset, with high interest rates pushing properties below replacement cost, and that Bitcoin on Cardone Capital's balance sheet fills that gap.

The World Bank Group has pledged to mobilise up to USD2 billion annually for Pakistan over the next decade, with Islamabad seeking to channel the financing into SMEs, public-private partnerships and housing finance.

SECP's sandbox opens a path for fractional exposure to commercial property that has been closed to most domestic investors.