Ripple has announced a strategic partnership with Ctrl Alt, a leading tokenization infrastructure platform, to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project. The partnership enables Ctrl Alt to utilize Ripple’s institutional-grade digital asset custody technology, delivering scalable and secure storage for Dubai’s tokenized real estate title deeds on the XRP Ledger (XRPL).
Ripple’s XRPL Secures Property Titles
The DLD’s Real Estate Tokenization Project is a pioneering initiative that positions Dubai at the heart of the global digital asset industry. By leveraging the XRPL, the project enables fractional ownership of real estate, allowing multiple investors to co-own a single property.
Ctrl Alt’s expertise in financial engineering and digital asset infrastructure makes it an ideal partner for this initiative. Ripple’s institutional-grade digital asset custody technology offers a secure and compliant solution tailored to the project’s needs. This partnership highlights the potential for blockchain technology to transform the real estate industry.
Ripple’s partnership with Ctrl Alt is a significant milestone for the company in the UAE. Since becoming the first blockchain-enabled payments provider to be licensed by the Dubai Financial Services Authority (DFSA) earlier this year, Ripple has experienced significant positive momentum in the region.
Ripple Expands Global Presence
Ripple’s stablecoin, RLUSD, was recently approved as a recognized cryptocurrency token by the DFSA for use within the Dubai International Financial Centre (DIFC). With over a decade of experience in the digital asset space and more than 60 regulatory licenses and registrations, Ripple is well-positioned to provide core services that financial institutions need to store, exchange, and transfer digital assets.
The company’s expanding global custody network now includes clients across Europe, the Middle East and Africa, Asia-Pacific, and Latin America.
Ripple’s partnership with Ctrl Alt to support the DLD’s Real Estate Tokenization Project is a significant development in the UAE’s digital asset industry. By leveraging blockchain technology and institutional-grade digital asset custody, the project enables a more accessible and efficient real estate market.
As the industry continues to grow, Ripple’s expertise and regulatory compliance position it for further growth and innovation. With its sights set on expanding its presence in the region, Ripple is set to play a key role in shaping the future of digital assets in the UAE.
