Ripple has officially joined hands with Ctrl Alt to support a major leap in Dubai’s real estate sector. In a press release, Ripple announced that together, they’re helping the Dubai Land Department (DLD) launch a new project that turns traditional property title deeds into digital tokens using the XRP Ledger. Ripple’s role in this partnership is to provide secure storage for these digital deeds through its trusted custody technology.
These tokenized deeds will enable individuals to purchase shares in real estate, making it easier for investors to enter the market without needing to acquire entire properties. The initiative aims to bring Dubai’s booming real estate market to a global audience while improving transparency and access.
With investments starting at just AED 2,000 (~$545), the tokenization model is gaining momentum among both retail and institutional investors.
This is the first time a government-backed real estate registry in the Middle East has used a public blockchain to tokenize property. Ripple says it’s proud to support this project and sees it as a big step forward in making blockchain useful in the real world.
Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, noted that the Dubai Land Department’s choice of the XRP Ledger proves its strength in real-world financial applications.
Ctrl Alt, the platform managing the tokenization, recently received a VASP license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license lets them offer services for both token creation and custody, ensuring that the entire investment process is regulated, secure, and transparent.
Ctrl Alt has already piloted this model with:
These sales prove that real estate tokenization isn’t just a concept—it’s already in action.
This partnership also marks Ripple’s first major custody deal in the UAE. Earlier this year, Ripple:
With these strategic moves, Ripple is quickly becoming a key player in the UAE’s blockchain ecosystem.
It’s a government-backed initiative to tokenize real estate in Dubai using the XRP Ledger.
Yes. Ctrl Alt allows fractional ownership with investments starting at AED 2,000.
Yes, Ctrl Alt is licensed by VARA, and Ripple is licensed by DFSA in Dubai.
The XRP Ledger powers the tokenization and storage of property title deeds.
Faster transactions, lower entry costs, transparency, global access, and secure blockchain-based custody.
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