Klickl, a UAE-based Web3 financial platform, has partnered with IMKAN Properties to enable cryptocurrency transactions for real estate purchases in the country.
The collaboration allows buyers to invest in premium properties using digital assets such as Bitcoin, Ethereum, and USDT. This initiative simplifies transactions for both local and international investors, reducing cross-border banking delays and offering a seamless payment experience.
Klickl’s crypto payment system will integrate directly with IMKAN’s existing sales platform, ensuring a secure and efficient process for buyers. The initiative marks IMKAN’s first foray into digital currency transactions, positioning the real estate giant at the forefront of financial innovation in the sector.
Michael Zhao, CEO of Klickl, emphasized that the partnership aims to modernize real estate payments, offering investors greater liquidity and accessibility.
“Crypto is more than just an alternative payment method—it enhances efficiency and convenience, particularly for international buyers,”
he said.
IMKAN’s CEO, Engineer Suwaidan Al Dhaheri, highlighted the strategic importance of adopting digital currencies. Stating,
“This move aligns with our vision of providing buyers with more flexible and efficient ways to invest in UAE real estate,”
The companies plan to establish a dedicated task force to oversee the rollout and optimize the customer experience, signalling a shift towards broader adoption of digital finance in the UAE’s property market.
Notably, last year, Klickl secured funding co-led by Web3Port Foundation and Aptos Labs, with backing from investors like Summer Ventures and Alpha Square Group. The funding supports Klickl’s expansion in Web3 banking, especially in emerging markets. In Q4 2024, Klickl will launch Klickl Labs for strategic partnerships in digital payments and Klickl Foundation to advance the Web3 ecosystem. Web3Port will be a Limited Partner in Klickl’s Web3 Fund, while Aptos Labs will provide blockchain infrastructure. Zhao emphasized UAE regulatory support, particularly from ADGM, which enabled Klickl to become the region’s first licensed Web3 banking service.
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