Ripple Partners with Ctrl Alt for Dubai Land Department’s Real Estate Tokenization Project

Ripple has announced a significant partnership with tokenization platform Ctrl Alt to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project. This initiative aims to use Ripple’s institutional-grade custody technology to securely store Dubai’s tokenized property title deeds, which are issued on the XRP Ledger (XRPL).

Ctrl Alt, which recently joined the DLD project, becomes Ripple’s first major custody partner in the UAE. This collaboration underscores the growing demand for secure and compliant digital asset infrastructure in the region. Ripple’s custody network now spans multiple regions, including Europe, the Middle East, Africa, Asia-Pacific, and Latin America, serving an expanding client base.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, highlighted the significance of this partnership, stating that it marks the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain. This move reinforces the XRPL’s credentials as a blockchain of choice for serious financial use cases.

Ctrl Alt has recently secured its Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA), becoming the first authorized entity to provide issuer-related services in the UAE. This regulatory approval enables a fully compliant tokenization process, covering asset issuance, secure custody, on-chain settlement, and lifecycle management.

The DLD project represents a key milestone in asset tokenization and property investment, enabling fractional ownership and greater market transparency. This initiative aligns with Dubai’s broader push to make real estate more accessible and efficient, attracting a wider pool of investors.

Since becoming the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority (DFSA) earlier this year, Ripple has strengthened its presence in the UAE. The company has forged partnerships with Zand Bank and Mamo, and its stablecoin RLUSD gained DFSA recognition for use within the Dubai International Financial Centre. Ripple has more than 60 regulatory licenses worldwide, further solidifying its position in the global financial landscape.