DigiEstate, recognized as Pakistan’s first Shariah compliant fintech and proptech startup, has officially clarified that it has not submitted any application to the Pakistan Stock Exchange (PSX) for the listing or trading of its Real Estate Security Tokens (RESTs).
According to DigiEstate, recent communication with PSX was merely exploratory in nature, aimed at understanding the potential for future collaboration or trading mechanisms involving RESTs. Unfortunately, this conversation was misinterpreted by some as a formal application for listing RESTs on PSX, which the company firmly denies.
The company stated:
“We would like to emphasize that under current regulatory frameworks, listing or trading of RESTs through PSX is not permitted. No formal application has been made, and no regulatory approval has been sought for listing RESTs.”
Furthermore, DigiEstate clarified that it is currently operating within the SECP’s Regulatory Sandbox, a government approved environment designed to test innovative business models under close supervision. The company has not been granted permission to scale up its operations or raise funds from the general public at this stage.
In its official statement, DigiEstate added:
“We sincerely regret any unintentional misrepresentation of our current regulatory status. Our focus remains on responsibly navigating the SECP Sandbox process. We are committed to maintaining transparency and ensuring all future communications remain fully aligned with regulatory guidelines.”
What This Means for Taz Group Clients and Partners:
For our clients, investors, and stakeholders at Taz Group, this development highlights an important distinction between emerging concepts in the real estate sector and regulated, actionable investment opportunities.
DigiEstate is working on an innovative idea to allow individuals to invest in fractional property ownership through digital tokens, essentially making it possible to invest in real estate without purchasing an entire property. However, this model is still under testing and regulatory review. It is neither open to the public nor legally authorized for listing or trading in Pakistan at this point. We advise all clients to exercise caution when approached with investment opportunities involving digital real estate tokens and to consult with licensed experts or agencies like Taz Group for any such engagements.
