TL;DR
- Ripple teams up with Ctrl Alt to tokenize Dubai Land Department title deeds on the XRP Ledger, leveraging Ripple’s institutional-grade custody solution for secure on-chain asset management.
- Physical deeds are minted as digital tokens, slashing paperwork and settlement times from days to seconds while ensuring transparent ownership and transfer histories.
- Fractional shares starting at AED 2,000 democratize access to Dubai’s premium real estate, boost liquidity through 24/7 secondary markets, and reinforce Dubai’s status as a blockchain innovator.
Ripple has partnered with Ctrl Alt in Dubai to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project. Under this collaboration, Ctrl Alt will use Ripple’s high-quality digital asset custody solution to protect tokenized property title deeds on the XRP Ledger.
As Ripple’s first major custody partner in the UAE, Ctrl Alt brings blockchain expertise and regulatory compliance, having just secured its Virtual Asset Service Provider license from the Dubai Virtual Assets Regulatory Authority, to manage issuance, settlement, and the full lifecycle of tokenized assets.
Turning Title Deeds into Digital Tokens
For the first time in the Middle East, a government real estate registry is minting title deeds as on-chain tokens. Physical deeds are digitized and issued directly on the XRP Ledger, leveraging its fast transaction speeds and minimal fees.
Ownership records, transfer histories, and settlement data live transparently on-chain, slashing paperwork and reducing settlement times from days to seconds. Ripple’s custody infrastructure ensures that bare-metal security standards guard these digital deeds, giving investors confidence that their property titles are safe, auditable, and instantly transferable.
Unlocking Fractional Ownership and Liquidity
Tokenization reimagines real estate investment by lowering the financial barrier to entry. Instead of purchasing entire villas or apartments, investors can buy tokenized shares starting at just AED 2,000. This fractional ownership model opens Dubai’s premium property market to global retail and institutional investors alike, boosting liquidity for traditionally illiquid assets.
Secondary markets can emerge around these tokens, enabling holders to trade their slices of property 24/7. In turn, property developers and owners can tap fresh pools of capital without resorting to debt, staking a new frontier for real estate financing.
Cementing Dubai as a Blockchain Powerhouse
This initiative cements Dubai’s ambition to lead global digital asset adoption. Ripple, already licensed by the Dubai Financial Services Authority and approved to issue its stablecoin RLUSD within the Dubai International Financial Centre, has strengthened ties with local banks such as Zand and fintech firms like Mamo.
By pioneering government-backed tokenization on the XRP Ledger, Dubai not only modernizes its real estate sector but also showcases a scalable blueprint for other jurisdictions.
