- Dubai Land Department activates secondary trading for tokenized real estate assets.
- All transactions settle on the XRP Ledger with Ripple Custody security.
- 7.8 million property tokens from pilot phase now eligible for resale.
Dubai’s blockchain real estate experiment has entered a new phase, and the XRP Ledger is at the center of it. On February 20, 2026, the Dubai Land Department and Ctrl Alt announced the launch of Phase Two of Dubai’s Real Estate Tokenization Project.
The update introduces controlled secondary market trading for tokenized properties, with all on-chain transactions executed on the XRP Ledger and secured through Ripple Custody. The development marks a major step for Ripple’s infrastructure footprint in real-world assets. “This is a massive step for real-world asset adoption in Dubai,” Ripple Exec Reece Merrick said.
From Pilot to Tradable Digital Property
During Phase One, ten properties were tokenized, representing more than $5 million in real estate value. Approximately 7.8 million ownership tokens were issued. With Phase Two now live, those tokens can be resold within a regulated secondary trading framework.
Rather than opening unrestricted trading, the project operates within a controlled pilot environment. This allows Dubai authorities to evaluate liquidity, governance, and operational alignment with official land registry systems while maintaining regulatory oversight.
All ownership transfers are recorded on the XRP Ledger, while Ripple Custody provides institutional-grade digital asset security.
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Ripple Infrastructure Behind the Scenes
Ctrl Alt, the tokenization infrastructure partner, minted the original title deed tokens and is now deploying secondary market functionality. The system introduces Asset-Referenced Virtual Asset management tokens alongside ownership tokens, both recorded on-chain to create a unified and immutable record.
Robert Farquhar, CEO for MENA at Ctrl Alt, described the milestone as proof of government-backed blockchain adoption. He said, “Dubai is setting a global benchmark for how assets can be issued, traded, and managed on-chain.”
Matt Acheson, Chief Product Officer at Ctrl Alt, added that the goal was to maintain regulatory controls while enabling liquidity. “We engineered a sophisticated technical framework to facilitate the dual operation of ARVA management tokens and ownership tokens seamlessly on-chain,” he said.
A Broader XRP Ledger Use Case
The expansion strengthens the XRP Ledger’s role beyond payments into regulated asset tokenization. By anchoring property ownership records on-chain while aligning with official registries, the initiative positions Ripple’s infrastructure within one of the most advanced real estate tokenization pilots globally.
As governments explore blockchain-backed property systems, Dubai’s Phase Two rollout demonstrates how XRP Ledger and Ripple Custody are being integrated into institutional-grade digital asset frameworks.
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Source: https://coinedition.com/ripple-custody-secures-5m-in-dubai-tokenized-real-estate-assets/