XRP News: Ripple has partnered with Ctrl Alt to improve the real estate sector in Dubai. This partnership supports a new project by the Dubai Land Department to use the XRP Ledger for tokenizing property title deeds.
Ripple and Ctrl Alt Drive Dubai’s Real Estate Tokenization
Ripple has announced a new partnership with Ctrl Alt for the deployment of Ripple’s institutional-grade custody technology to store tokenized real estate titles securely. These titles, issued directly on the XRP Ledger, promise greater transparency, faster transactions, and improved liquidity within Dubai’s property market.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, hailed the Dubai Land Department project as a model for other governments exploring blockchain. “It’s the first time a Middle Eastern government real estate registry has fully tokenized title deeds on a public blockchain,” he said, underscoring Dubai’s ambition to lead in digital asset innovation.
For Ctrl Alt, this partnership follows recent regulatory momentum, as the firm has secured a VASP license from VARA, authorizing it to conduct issuer-related services. This license formally ties together asset issuance, custody, and lifecycle management, a comprehensive framework essential for compliant real estate tokenization.
Ctrl Alt’s CEO and Founder, Matt Ong, noted that partnering with Ripple delivers both scale and credibility.
“Partnering with Ripple allows us to leverage proven and trusted technology that meets the highest security and operational standards. We’re excited to work with them and bring Dubai real estate investment opportunities to a wider audience.”
Dubai’s real estate market has attracted investors worldwide, but the traditional buying and selling processes are often slow and complicated. The Dubai Land Department plans to make this easier by using Ctrl Alt and Ripple’s technology to tokenize property titles. This change will allow more people to share ownership of premium properties, making it easier for everyone to participate in the market.
Ripple Builds On Its Bullish Ecosystem
Ripple became the first blockchain-based payments provider licensed by the Dubai Financial Services Authority (DFSA). Dubai’s position as a hub for digital assets is cemented by that milestone, collaborations like Zand Bank, and the recent approval of Ripple’s stablecoin, RLUSD, for use within the Dubai International Financial Centre (DIFC).
The UAE’s GDP of roughly $277 billion highlights the scale of opportunity, and with Ctrl Alt already tokenizing over $325 million in assets (spanning real estate, private credit, and funds), Dubai is quickly becoming a testbed for institutional-grade tokenization.
Ripple is expanding its business in the Middle East to offer secure and compliant digital asset solutions worldwide. With its growing network and adoption, including more than 60 regulatory licenses, Ripple is gradually becoming the solution institutions seek.
Michael Adeleke
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Source: https://coingape.com/ripple-partners-tokenize-dubai-real-estate/