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Dubai-based property tokenization platform Stake has closed a $31 million Series B round led by Emirates NBD and joined by Mubadala Investment Company, bringing its total funding to $58 million as it prepares to launch blockchain-based property tokens under a new in-principle license from Dubai’s Virtual Asset Regulatory Authority.
Announced following an in-principle license approval from Dubai’s Virtual Asset Regulatory Authority (VARA), the Stake Series B funding marks a significant capital injection aimed at expanding product offerings and scaling operations across the Gulf region.
The raise was led by Emirates NBD and included participation from Mubadala Investment Company, Middle East Venture Partners, Property Finder, STC NICE, Wa’ed Ventures, GFH Partners and Ellington Properties.
The latest Stake Series B funding brings total capital raised to $58 million across seed, pre-Series A, Series A and Series B rounds.
According to the company, proceeds will support investments in AI capabilities, blockchain-based tokenization and new property categories.
Executives say the Stake Series B funding underscores growing institutional confidence in digital real estate platforms.
“Real estate remains a foundational component of global investment portfolios, yet there is an opportunity to improve how many investors access and gain transparency into these assets … Our strategic investment in Stake represents a significant step in expanding our digital investment capabilities,” — Nareej Makin, Group Head of Strategy, Analytics, and VC, Emirates NBD.
Co-founder and co-CEO Rami Tabbara said the investor lineup reflects regional belief in technology-driven transformation.
“To have institutions like Emirates NBD, Mubadala, Property Finder, MEVP, Wa’ed Ventures, GFH Partners, STV, and Ellington Properties join us is a reminder that our region believes in ambitious ideas and in the power of technology to transform industries,” — Rami Tabbara, Co-founder and Co-CEO, Stake.
The Stake Series B funding arrives at a time when Gulf regulators are building frameworks for tokenized assets, potentially positioning Dubai and Riyadh as hubs for blockchain-enabled property investment.
Stake, founded in the UAE in 2021 and expanded into Saudi Arabia in 2024, reports a community of more than 2 million users from over 211 nationalities.
The platform says it has facilitated over 250,000 investments across more than 500 properties and four private real estate funds, distributing more than $15 million in rental income and surpassing $381 million in property transactions to date.
“Saudi Arabia is a strategic growth market for us, and this round allows us to deepen our investment in the Kingdom by expanding our local capabilities and scaling our offering to meet growing demand from both regional and international investors,” — Manar Mahmassani, Co-founder and Co-CEO, Stake.
Since entering the Saudi market, the company says it has closed three property funds, attracting 6,930 international investors and channeling over $110 million into local real estate.
The Stake Series B funding also supports partnerships such as its distribution agreement with Investcorp Saudi Arabia Financial Investments Company, part of Investcorp.
The collaboration offers investors access to select international real estate opportunities through Stake’s app, combining institutional due diligence with digital onboarding.
A core objective of the Stake Series B funding is accelerating the company’s tokenization plans.
During the Stake Summit in Dubai, Co-Founder and CPTO Ricardo Brizido outlined how blockchain could reshape property ownership.
“Tokenization solves all three,” — Ricardo Brizido, Co-Founder and CPTO, Stake, referring to high minimum investments, limited liquidity and complex ownership structures.
Brizido explained that each tokenized asset would carry official ownership documentation issued by the Dubai Land Department and be recorded on blockchain infrastructure under VARA oversight.
“Every token comes with official ownership documents issued by the Dubai Land Department. Every transaction is recorded on the blockchain. And we’re operating under VARA regulation to ensure the highest standards of compliance and investor protection. The tokenization pilot launches first for UAE-based users. Then we scale globally,” — Ricardo Brizido, Co-Founder and CPTO, Stake.
Tabbara added that the Stake Series B funding will expand tokenization beyond residential properties.
“With today’s investment of $31 million, we will use it to boost our AI and tokenization initiatives, and develop new products to include commercial and retail properties. Stake will also be participating in Saudi Arabia’s nationwide property tokenization platform and will be joining the Proptech tokenization sandbox,” — Rami Tabbara, Co-founder and Co-CEO, Stake.
For crypto investors and policymakers, the Stake Series B funding signals how regulated tokenization is gaining traction in the Gulf.
As regulatory clarity improves and institutional capital flows into digital real estate platforms, the Stake Series B funding round may mark a broader shift toward blockchain-enabled property ownership at scale.
