NewGenDigital Limited, a subsidiary of NewGenIvf Group Ltd., has secured a strategic plot of land in the Beach District of Ras Al Khaimah, UAE. The company is exploring the feasibility of issuing digital tokens linked to this real estate project, which boasts a projected sales revenue exceeding US$400 million. This initiative is part of a larger US$45 million investment in the UAE real estate market, and it marks a significant step in NewGenDigital's strategy to leverage blockchain technology for asset digitization. The project aims to create a digital representation of the property for on-chain management of ownership rights, aligning with the UAE's leadership in blockchain innovation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NewGenIvf Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9487452-en) on July 01, 2025, and is solely responsible for the information contained therein.