Ripple Partners with Ctrl Alt for Dubai’s Tokenized Real Estate Deeds

Ripple has partnered with Ctrl Alt to provide secure storage solutions for Dubai’s tokenized real estate deeds, marking a significant advancement in the region's digital asset landscape. This collaboration supports the Dubai Land Department’s (DLD) Real Estate Tokenization Project, which aims to issue property title deeds on the XRP Ledger. This initiative enables fractional ownership of property, offering both local and global investors broader access to Dubai’s real estate market through a trusted digital framework.

Ctrl Alt, the designated tokenization provider for the DLD project, will utilize Ripple’s institutional-grade custody solution to ensure secure and compliant storage of these digital assets. The project represents the first instance of a Middle Eastern government authority issuing tokenized property deeds on a public blockchain, demonstrating Dubai’s commitment to using blockchain for regulated, high-value transactions.

Ctrl Alt recently received its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority. This license permits the company to offer issuer-related services, effectively linking the full lifecycle of asset tokenization, from issuance to on-chain settlement and secure custody. The partnership allows Ctrl Alt to utilize Ripple’s custody technology, which aligns with its requirements for secure, scalable digital asset infrastructure. Having tokenized over $325 million in assets so far, Ctrl Alt plans to extend the reach and capitalization of regulated products to the Dubai real estate market.

Ripple’s entry into the UAE market is a significant development, as it marks the first time the company's digital asset custody services are available in the region. This expansion further solidifies Ripple's global presence, which currently includes serving institutions across Europe, Africa, Asia-Pacific, and Latin America. The company has been gaining traction in the UAE, having received its license from the Dubai Financial Services Authority (DFSA) and partnered with local entities such as Zand Bank and Mamo. Additionally, Ripple has received approval for its stablecoin RLUSD for use in Dubai’s financial zone.

With over 60 global licenses, Ripple is well-positioned to power secure, compliant digital asset services worldwide. This partnership with Ctrl Alt and the Dubai Land Department exemplifies Ripple's commitment to driving innovation in the digital asset space and supporting the growth of tokenized real estate markets. The collaboration not only benefits investors by providing secure and transparent real estate transactions but also positions Dubai as a leader in the adoption of blockchain technology for real estate.