Ripple and Ctrl Alt Launch Tokenized Real Estate in Dubai Using XRP Ledger
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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.
Tokenized Real Estate: A New Investment Era for Dubai
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.
Middle East’s First Government-Backed Real Estate Tokenization Using XRP Ledger
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 and VARA License: Regulated Tokenization Process
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:
- A Dh1.75M villa sold in under five minutes
- A Kensington Waters apartment listed for AED 1.5M
These sales prove that real estate tokenization isn’t just a concept—it’s already in action.
How Does It Work for Investors?
- Fractional Ownership: You can invest in a portion of a property instead of buying the whole asset.
- Tokenization Platform: Ctrl Alt handles the token creation, backed by Ripple’s secure custody tech.
- Entry Point: Investment starts as low as AED 2,000 (~$545).
- Liquidity & Access: The model is open to global investors, enhancing market reach.
- Compliance: Governed under UAE’s Virtual Asset laws via VARA-licensed operations.
Ripple Strengthens UAE Presence with Real Estate Custody Deal
This partnership also marks Ripple’s first major custody deal in the UAE. Earlier this year, Ripple:
- Received a license from the Dubai Financial Services Authority (DFSA)
- Approved its RLUSD stablecoin for use in Dubai’s financial center
- Launched partnerships with Zand Bank and Mamo for cross-border blockchain payments
With these strategic moves, Ripple is quickly becoming a key player in the UAE’s blockchain ecosystem.