Dubai to Tokenize $325M Real Estate Using Ripple’s XRP Ledger Technology
Ripple has partnered with Ctrl Alt to support the Dubai Land Department’s (DLD) initiative to tokenize real estate title deeds on the XRP...
Quick overview
- Ripple has partnered with Ctrl Alt to tokenize real estate title deeds on the XRP Ledger, enhancing transparency and liquidity in Dubai's property market.
- The initiative utilizes Ripple's custody infrastructure for managing digital property titles, with tokenized deeds issued directly on the blockchain.
- This partnership marks the first government registry in the Middle East to tokenize real estate, setting a benchmark for global adoption.
- Tokenization offers benefits like instant settlement, reduced costs, and increased access to premium property investments for global investors.
Ripple has partnered with Ctrl Alt to support the Dubai Land Department’s (DLD) initiative to tokenize real estate title deeds on the XRP Ledger. This is a big move towards blockchain based real estate ownership for more transparency, speed and liquidity in the Dubai property market.
The partnership uses Ripple’s institutional grade custody infrastructure to manage digital property titles. These tokenized deeds will be issued directly on the XRP Ledger—an open source blockchain known for fast transactions and low costs.
Ctrl Alt, now licensed by the Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider (VASP), will handle the asset issuance and lifecycle management. The license allows the company to provide issuer related services—creating a full stack regulatory framework for compliant real estate tokenization.
“This is the first full government registry tokenizing real estate title deeds on a public blockchain in the Middle East,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa. “It sets the benchmark for global adoption.”
Why This Matters for Property Investment
Dubai’s property market is worth billions but traditional processes are slow and restrictive for global investors. Tokenization solves this by fractionalizing real estate assets, enabling broader access and faster transactions. Ripple and Ctrl Alt’s combined technology opens up new investment opportunities for both retail and institutional investors.
Matt Ong, Ctrl Alt’s CEO said: “Ripple’s technology is trusted and scalable, we can bring secure digital real estate investment to the global market.”
Dubai’s innovation is driven by market demand and regulatory support. The emirate is open to blockchain and is at the forefront of digital asset transformation.
Benefits of Tokenization on XRP Ledger:
- Instant settlement of real estate transactions
- Reduced administrative costs and time delays
- Increased liquidity for illiquid assets
- Global access to premium property investments
Ripple Expands Mideast Footprint
Ripple’s presence in Dubai has grown significantly. It was the first blockchain based payments company to be licensed by the Dubai Financial Services Authority (DFSA), making Dubai a crypto friendly hub.
Ripple’s new stablecoin RLUSD was approved for use within the Dubai International Financial Centre (DIFC) further integrating Ripple into the region’s fintech ecosystem.Ctrl Alt has over $325 million in tokenized assets and is now signaling Dubai’s plans to expand digital ownership beyond real estate into private credit and investment funds. With UAE’s GDP of over $277 billion, the scope for tokenization is huge.
Ripple has over 60 regulatory licenses and is providing compliant blockchain solutions across the globe. This could be the blueprint for property tokenization worldwide.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save