In a pioneering move for blockchain real estate, the Dubai Land Department (DLD) has partnered with U.S.-based Ripple and UAE’s Ctrl Alt to launch a government-backed real estate tokenization initiative on the XRP Ledger (XRPL). This marks a significant shift toward digital property ownership, enabling fractional investments and boosting accessibility in Dubai’s booming real estate sector.
Blockchain Meets Real Estate in Dubai
Ctrl Alt, recently approved by Dubai’s Virtual Assets Regulatory Authority (VARA), will serve as the platform for tokenizing property title deeds. By leveraging Ripple’s institutional-grade digital asset custody technology, the initiative aims to securely issue tokenized title deeds on the public and decentralized XRPL blockchain.
Investors can now buy fractional shares of Dubai real estate starting at just AED 2,000 through the PRYPCO Mint platform, making property investment in Dubai more inclusive than ever.
A Government-Backed First in the Middle East
This is the first time a government property registration authority in the region is leveraging a public blockchain to tokenize real estate. The move reflects Dubai’s ongoing leadership in smart city transformation and digital asset adoption.
Ripple’s Reece Merrick, Managing Director, Middle East & Africa, emphasized Dubai’s global lead in real-world blockchain applications:
“Dubai is once again setting the standard. Tokenizing title deeds on XRPL shows increasing institutional trust in blockchain for real estate.”
Ctrl Alt CEO Matt Ong called the partnership a “natural fit,” citing Ripple’s regulatory-compliant infrastructure and secure custody technology.
Ripple’s Expanding Presence in the UAE
Ripple, already licensed by the Dubai Financial Services Authority (DFSA), is deepening its footprint in the UAE. Alongside the DLD initiative, Ripple also collaborates with local players like Zand Bank and Mamo, and its stablecoin RLUSD has been greenlit for use in the DIFC financial zone.
Now holding over 60 regulatory licenses globally, Ripple is scaling its digital asset custody solutions across the Middle East, Europe, Asia-Pacific, and Latin America—solidifying its role in building the future of blockchain-based finance and real estate infrastructure.
The Future of Real Estate: Fractional, Transparent, and Digital
Dubai’s tokenized real estate model brings enhanced transparency, lower entry points, and seamless ownership transfers. By enabling fractional property ownership, the DLD, Ripple, and Ctrl Alt are collectively redefining how real estate can be accessed and invested in.
This initiative sets a new global benchmark, positioning Dubai as a hub for blockchain real estate investment and paving the way for digital land registries, smart property ecosystems, and micro-investment opportunities.
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