Ripple advocate and CryptoLaw founder John E. Deaton has reignited interest in the XRP Ledger’s (XRPL) original design, highlighting a key feature that many in the crypto space have long overlooked — its suitability for the tokenization of real-world assets (RWAs).
In a recent post on X, Deaton pointed out that XRPL, launched in 2012, not only introduced the world’s first decentralized exchange (DEX), but was also purpose-built for asset tokenization — including sectors like real estate.
This reminder comes in the wake of a significant announcement by the Dubai Land Department (DLD), which has officially unveiled its first real estate tokenization platform built on the XRP Ledger.
The initiative allows residents in Dubai to buy fractionalized property shares, marking a new milestone in blockchain-powered real estate investment.
The DLD’s move is part of a broader vision to tokenize $16 billion worth of real estate by 2033. By utilizing XRPL’s advanced features, the platform aims to democratize property ownership and make real estate investment more accessible to the public.
For XRP supporters, this development reinforces XRPL’s untapped potential in DeFi and RWA integration. As tokenization gains momentum globally, XRPL’s early architecture may prove to be more relevant than ever in shaping the next evolution of real-world asset markets.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrpls-forgotten-advantage-spotlighted-as-dubai-launches-new-project/