Ripple is expanding its footprint in the Middle East with a new partnership aimed at transforming Dubai’s property market.
Teaming up with Ctrl Alt, the blockchain company will help digitize real estate title deeds through the XRP Ledger, in support of a groundbreaking initiative by the Dubai Land Department.
The project marks a regional first—issuing tokenized property deeds directly on a public blockchain—and positions Dubai as a global leader in real estate innovation. Ripple will provide the institutional-grade custody infrastructure, while Ctrl Alt will oversee the lifecycle of these digital assets.
Ctrl Alt, recently licensed as a VASP by Dubai’s Virtual Assets Regulatory Authority (VARA), plans to simplify access to premium real estate by enabling fractional ownership. CEO Matt Ong called the partnership a step toward broader investor participation in the market, backed by Ripple’s proven tech.
Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, highlighted the project’s significance, noting it could set the standard for blockchain adoption by other government registries.
This move builds on Ripple’s increasing presence in the UAE. The firm holds a DFSA license, has launched its RLUSD stablecoin in the region, and is collaborating with financial institutions like Zand Bank. With Ctrl Alt already handling over $325 million in tokenized assets, Dubai is fast becoming a global testbed for real-world asset tokenization.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/dubai-embraces-xrp-ledger-to-tokenize-property-titles/