Ripple and Ctrl Alt Join Forces to Tokenize Dubai Real Estate on XRP Ledger
Ripple has teamed up with UAE-based tokenization platform Ctrl Alt to support the digital transformation of Dubai’s real estate sector. The partnership aims to bring property ownership on-chain using the XRP Ledger (XRPL) as the foundation.
Under the agreement, Ctrl Alt will utilize Ripple’s institutional-grade custody solutions to manage tokenized property title deeds issued by the Dubai Land Department (DLD). These deeds will be stored and maintained on the XRP Ledger, allowing for secure, transparent, and regulated lifecycle management of real estate assets.
This initiative supports Dubai’s broader vision of becoming a global leader in blockchain adoption and digital assets. It also enables fractional ownership of real estate through compliant tokenization, paving the way for more accessible property investment models.
Ctrl Alt recently became the first company authorized by Dubai’s Virtual Assets Regulatory Authority (VARA) to provide issuer-related services. This approval allows it to offer tokenized real estate tied directly to regulatory-compliant on-chain custody.
Ripple continues to expand its regional footprint. The firm has secured a license from the Dubai Financial Services Authority (DFSA), forged partnerships with local financial institutions like Zand Bank and Mamo, and received DIFC approval for its upcoming stablecoin, RLUSD.
The Ripple–Ctrl Alt partnership represents another step toward institutional adoption of blockchain in real-world asset markets, reinforcing Dubai’s position at the forefront of regulated digital innovation.
