A consortium of leading partners, including Hotdesk, Al Maryah Community Bank (Mbank), Emirates Coin Investment (EmCoin), and Singularity, have unveiled plans to launch the DESK Token. This move is a major step towards combining blockchain technology with real-world assets (RWA) and practical utility, pending the necessary regulatory approvals. This initiative, announced in Abu Dhabi, is set to introduce the world’s first asset-backed hybrid token. It will merge yield-generating office property investment with tangible, real-world utility.

The DESK Token is planned for a market launch in Q2 2026, assuming all regulatory approvals are secured. Further details will be released on its official website: www.desktoken.com. The primary goal of the DESK initiative is to make investing in office property, which is the world’s second-largest asset class, accessible globally. DESK aims to establish a transparent, asset-backed token that provides yield to holders in stablecoins or cash. By utilising blockchain, the token is highly divisible and much more accessible than shares of traditional Real Estate Investment Trusts, allowing investments from as little as $1.

Mohamed Khaled, Founder & CEO of Hotdesk, and Co-founder & President of DESK, stated that the project is more than just a digital asset. “DESK is not just a token. it’s a movement to make real estate investment borderless, liquid, and useful in the real world. We’re unlocking global access to a $2 trillion asset class, starting with utility from day one. Hotdesk is proud to be building this alongside such strategic partners to change the future of office space, from the heart of Abu Dhabi.”

Beyond investment, the DESK Token will offer real-world utility privileges. At launch, holders will be able to use DESK to pay for office and coworking spaces across Hotdesk’s global platform. This platform currently includes 2,300+ workspaces in 81 countries and 410 cities. Holders can also stake DESK to access higher tiers in an exclusive loyalty program. The global office property market is valued at over $2 trillion. DESK is designed to increase its liquidity and accessibility.

The strategic partners supporting DESK bring distinct expertise to the venture. Hotdesk, described as the “Airbnb of Offices,” will serve as the core technology partner and utility adopter across its global network. Al Maryah Community Bank (Mbank), the UAE’s first digital bank, will act as the strategic banking partner, giving its users access to real world assets and utility. Mohammed Wassim Khayata, CEO of Mbank, highlighted the bank’s commitment to innovation. He said: “At Mbank, we are committed to driving financial innovation that bridges the gap between traditional banking and the digital future. Our collaboration on DESK Token, in partnership with Emirates Coin Investment “EmCoin” exemplifies this mission, offering a seamless blend of real estate investment and practical utility. By integrating blockchain technology with tangible assets, we’re not only democratizing access to the $2 trillion office property market but also providing our customers with real-world applications for their investments. This partnership marks a significant step towards a more inclusive and technologically advanced financial ecosystem, from Abu Dhabi to the world.”

Emirates Coin Investment (EmCoin), the first company in the UAE to be licensed by the Securities and Commodities Authority (SCA) for regulated Virtual Asset services, will be the strategic licensing partner, assisting DESK in securing its regulatory approvals. Providing the technical backbone is Singularity Venture Hub, the incubation arm of Singularity, which provides expertise in blockchain, infrastructure, crypto, and tokenomics. Robert Wils, Head of Product Advisory at Singularity Venture Hub, explained the significance of the token’s dual function. He commented: “DESK embodies what we see as the next evolution of tokenized finance: combining institutional-grade structure, regulatory integrity, and genuine on-chain utility. At Singularity Venture Hub, we focus on designing frameworks where digital assets serve real economies. By pairing yield-producing office property with immediate, everyday use through Hotdesk’s platform, DESK moves beyond theory into execution. Together with our strategic partners, we are creating a bridge between the regulated financial world and the digital frontier, responsibly, transparently, and with purpose.”

The Co-founder & CEO of DESK, Giles Heyring, emphasised the token’s investment strategy. He said: “DESK is where the old world of investment discipline meets the new world of Blockchain and crypto. I have seen first-hand the power, stability and value that high quality, income-producing infrastructure and property assets can deliver. Historically, access to those returns has been limited, illiquid, and reserved only for the few. DESK token will invest in Grade A office space in key global gateway cities, along with best-in-class, profitable co-working assets, combining predictable low-risk yield with modern real-world usage.”