In January 2025, the Dubai Multi Commodities Centre (DMCC) announced the development of a 17‑storey Crypto Tower in Jumeirah Lakes Towers, designed as a dedicated hub for blockchain, DeFi, AI and Web3 startups. The 150,000 sq ft building will host nine floors of offices plus specialized floors for blockchain incubators, venture firms and innovation labs.

The tower is more than office space, it embeds smart contracts, tokenized equity, on‑chain voting and leasing into its operational infrastructure. This aligns with Dubai’s ambition to cement itself as a global center for blockchain innovation, offering regulated, transparent frameworks for digital enterprises.

The initiative complements Dubai’s broader technology acceleration strategy, including projects like real estate tokenisation (through Dubai’s Real Estate Department), AI infrastructure rolls, and investments in sustainable fintech. Many startups based in the tower are expected to focus on environmental finance, real estate fractional ownership, and tokenized commodities.

As a flagship for digital entrepreneurship, the Crypto Tower symbolises a shift from hospitality and tourism to becoming a hub for future-proof technologies and investment. The project strengthens Dubai’s positioning as a regional base for blockchain-based economic transformation.