Ripple expands in UAE with real estate blockchain deal
Ripple partners with Ctrl Alt to tokenize Dubai real estate on XRPL
Ripple has announced a major partnership with Ctrl Alt, a real estate tokenization infrastructure platform used by the Dubai Land Department (DLD), to provide secure custody services for tokenized property title deeds on the XRP Ledger (XRPL).
The initiative is part of a broader effort by Dubai to digitize real estate ownership through PRYPCO Mint, a token issuance platform licensed by VARA, reports Cryptopolitan.
Ripple’s custody technology will be deployed to manage digital property titles issued on XRPL, marking Ripple’s first large-scale custody project in the UAE and strengthening its global tokenization footprint across Europe, Africa, Asia Pacific, and Latin America. This partnership sets a precedent for integrating public blockchain infrastructure into national-level real estate systems.
Record-breaking property tokenization spurs real estate revolution
Dubai has already tokenized and sold three properties using PRYPCO Mint, including a $653,000 listing in Kensington Waters that sold out in under two minutes. The platform allows investors to purchase fractional ownership starting at AED 2,000 ($544). The first tokenized apartment in Business Bay sold out within 24 hours, drawing 224 investors from 40+ nationalities, while a third offering, Dubai’s first tokenized villa, was funded in just five minutes. Two new listings in Dubai Marina and MBR City have since been launched. This rapid success highlights strong investor appetite for fractionalized property ownership via blockchain.
Ripple’s UAE expansion deepens with regulatory wins and stablecoin integration
Ripple’s influence in the UAE is growing rapidly, with the company achieving multiple regulatory and partnership milestones. It was the first blockchain payments provider licensed by the DFSA, and it has partnered with Zand Bank and Mamo to power blockchain-enabled cross-border payments. Additionally, Ripple’s USD-backed stablecoin RLUSD was recently recognized by DFSA as a legal crypto token within the Dubai International Financial Centre (DIFC). As Ctrl Alt secures its VASP license, this custody partnership underscores Ripple’s role in tokenizing regulated assets, especially in real estate, positioning Dubai at the heart of the global digital asset transformation. These advancements could drive greater institutional adoption of Ripple’s technology across the Middle East.
Recently we wrote that the native cryptocurrency of The Open Network (TON) has pulled back 6% from its 24-hour high following a sharp correction driven by regulatory clarification from the United Arab Emirates.
