Ripple, DLD, Ctrl Alt Collaborate for the Tokenization of Dubai’s Real Estate

Ripple is operating at full capacity as it advances its new initiative aimed at enhancing the tokenisation of real estate in Dubai.

In a press release issued on 15 July 2025, Ripple unveiled its partnership with the DLD (Dubai Land Development) authority along with Ctrl Alt, a fintech firm from London that focuses on tokenising alternative assets.

“This marks the first instance of a governmental authority in the Middle East tokenising property title deeds on a public blockchain,” stated Reece Merrick, Managing Director for the Middle East and Africa at Ripple.

According to the press release, this strategic alliance relies on Ripple’s top-tier custody technology to securely manage essential information like tokenised property title deeds created on the XRP database.

Ctrl Alt, which has recently obtained its license from the Dubai Virtual Asset Regulatory Authority (VARA), will utilise Ripple’s technological framework to serve as the primary engine for tokenising Dubai’s real estate, becoming the first of its kind in the UAE to provide issuer-based services.

We’re excited to partner with @Ripple to bring institutional-level custody to the Dubai @Land_Department’s Real Estate Tokenization Project.

3 properties are now operational on XRPL, with 2 more launching today. This is a first in the UAE and a significant advancement for tokenization.

Discover more https://t.co/RC7tCCpczp pic.twitter.com/wSgoWR0TiG

— Ctrl Alt (@CtrlAltCo) July 16, 2025

 

“The fact that the DLD has selected the XRPL for this initiative is incredibly exciting and reinforces the XRPL’s status as the preferred blockchain for significant financial applications,” he added.

Moreover, through this initiative, Ctrl Alt has become Ripple’s primary custody partner within the UAE.

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Ripple’s Ongoing Commitment to Tokenising Dubai’s Real Estate Sector

This is not Ripple’s initial partnership with the DLD and Ctrl Alt on a tokenisation endeavor.

In May 2025, Ripple, DLD, Ctrl Alt, and PRYPCO, a proptech company in Dubai, teamed up to test Prypco Mint, the first tokenised real estate crypto investment protocol in the Middle East.

This VARA-endorsed initiative aims to tokenise property titles, facilitating fractional ownership and simplifying investments through distributed ledger technology. The project uses the XRP ledger system to allow Dubai residents to begin investing in fractional real estate with a minimum of Dh 2000 (about $500).

March 2025 marked the launch of the initial phase of Dubai’s real estate tokenisation project, aimed at introducing a method for investors to jointly own properties via digital tokens.

The initiative seeks to broaden access to home ownership, inspire innovation in the real estate sector, and improve awareness of virtual asset services.

Significantly, it also aims to attract international virtual asset firms to operate in Dubai, within a regulated framework that protects investors and stakeholders.

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Ripple’s Partnership with DLD Increases Market Transparency

Ripple’s extensive custody protocol now spans Europe, the Middle East, Africa, Asia-Pacific, and Latin America, indicating a rising global need for trustworthy and compliant digital asset infrastructure.

The distributed record company, holding over 60 licenses globally, in its partnership with the DLD, represents a significant advance in tokenising Dubai’s real estate, facilitating fractional ownership and improving crypto market transparency.

Ripple has strengthened its position in the UAE after becoming the first blockchain-enabled payments provider in the area, licensed by the Dubai Financial Services Authority (DFSA).

Following its licensing, Ripple established a crucial partnership in May 2025 with Zand Bank, the UAE’s first fully licensed fully digital bank, and Mamo, a UAE-based fintech that delivers digital payment solutions.

In addition, the RLUSD stablecoin is now available for use in the Dubai International Financial Centre (DIFC) after receiving approval from the DFSA.

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