Ripple Partners with Ctrl Alt for Dubai Real Estate Tokenization
Ripple has expanded its presence in the UAE through a major partnership with Ctrl Alt to support the Dubai Land Department’s Real Estate Tokenization Project. This project aims to convert property title deeds into digital tokens using the XRP Ledger, Ripple’s blockchain platform. These digital deeds will be stored securely using Ripple’s advanced custody system.
The goal of this initiative is to make property transactions more transparent, efficient, and accessible. It also marks the first time a government registry in the Middle East is using a public blockchain to manage real estate ownership.
Ripple’s technology will allow for fast, low-cost transactions and secure handling of digital property titles. Ctrl Alt, now licensed by Dubai’s Virtual Assets Regulatory Authority (VARA), will handle the creation and management of these tokenized assets, ensuring everything stays within legal and regulatory guidelines.
Ripple’s regional head, Reece Merrick, highlighted that this step sets a global example for how blockchain can improve real estate. Tokenization can help settle transactions instantly, reduce paperwork, and provide easier access to real estate investments for both individual and institutional buyers.
Dubai is quickly becoming a leader in blockchain innovation, supported by strong regulation and market demand. With more than $325 million in tokenized assets, Ctrl Alt also plans to expand into other areas like private credit and investment funds.
Ripple’s influence in Dubai continues to grow. It was the first blockchain-based payments company licensed by the Dubai Financial Services Authority (DFSA) and recently received approval for its stablecoin, RLUSD, to be used in the Dubai International Financial Centre (DIFC).
This partnership shows how Ripple is driving innovation in the digital asset world and may serve as a model for property tokenization across the globe.
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