XRP News Today: Dubai Launches $16 Billion Tokenized Property Platform Using XRP Ledger

Dubai has made a significant stride into the future of real estate by launching its first tokenized property platform, Prypco
. This innovative system, developed in collaboration with Prypco, the Dubai Future Foundation, Alt, and the Virtual Assets Regulatory Authority, allows investors to gain fractional ownership of Dubai properties by purchasing digital shares tied to real-world assets. The minimum investment starts at just 2,000 dirhams, making it accessible to a wide range of participants.Ctrl Alt, the technology partner behind this platform, selected the XRP Ledger (XRPL) as the blockchain backbone for this $16 billion project, rather than Bitcoin. This decision has sparked discussions across the crypto space, with many wondering why Dubai’s government bypassed the original cryptocurrency for this ambitious initiative.
Crypto analyst John Squire offered a clear breakdown of the reasons behind this choice, highlighting six critical advantages that gave XRPL the upper hand. Firstly, XRPL’s transaction speed was a decisive factor. The XRP Ledger can finalize transactions in just 3–5 seconds, a stark contrast to Bitcoin’s confirmation times, which can range from 10 minutes to an hour. For a dynamic real estate platform handling countless microtransactions, speed is everything.
Cost efficiency played another crucial role. While Bitcoin transactions can incur notable fees, XRP transactions cost just a fraction of a cent. This ultra-low fee
makes XRPL ideal for a high-volume system like fractional real estate trading, where every cent matters. Additionally, XRPL outperforms Bitcoin in terms of scalability. XRPL can process up to 1,500 transactions per second, compared to Bitcoin’s limit of about seven per second. This scalability ensures the platform can handle massive future demand, aligning with Dubai’s long-term vision for a large-scale, tokenized property market.Sustainability is central to Dubai’s development agenda, and here, XRPL shines. Unlike Bitcoin’s proof-of-work mechanism, which relies on energy-hungry mining operations, XRPL uses a consensus protocol that’s energy-efficient and environmentally friendly. This green approach aligns perfectly with Dubai’s push toward eco-conscious innovation. Furthermore, Ripple — the company behind XRP — has spent years building bridges with banks, regulators, and government agencies worldwide. This track record of institutional engagement made XRPL a natural fit for Dubai’s government-backed project. By contrast, Bitcoin, while popular among retail investors, lacks the same level of institutional alignment and is often seen as less adaptable for large-scale, regulated initiatives.
Lastly, XRPL’s broad utility across sectors like cross-border payments, stablecoin issuance, central bank digital currencies (CBDCs), and asset tokenization makes it the clear winner for a project centered on digital property shares. While Bitcoin is predominantly regarded as a store of value, XRPL offers proven technical infrastructure for tokenization. Squire summed it up simply: major government-backed projects prioritize practical utility over ideological appeal. “Dubai chose XRP because it’s fast, cheap, scalable, energy-efficient, and institution-ready,” he explained.
With the Dubai real estate tokenization market expected to swell to $16 billion by the next decade, the decision to use XRPL marks a powerful endorsement of the blockchain’s capabilities. As global interest in tokenized real estate grows, Dubai’s move may set the standard for how governments and institutions approach blockchain adoption, prioritizing functionality, sustainability, and scalability over mere name recognition.

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