Ripple and Ctrl Alt Tokenize Real Estate in Dubai Using XRPL

• Ripple and Ctrl Alt are now helping Dubai issue title deeds as digital real estate tokens.
• These property tokens are stored using secure blockchain custody with full legal approval.
• People in Dubai can buy small shares of homes by using token ownership through XRPL.

Ripple has partnered with Ctrl Alt to provide digital asset custody for Dubai Land Department’s tokenized title deeds on the XRP Ledger. The initiative, part of the Real Estate Evolution Space pilot, marks the first time blockchain is integrated into government property registration systems in the Middle East. 

This collaboration allows property ownership in Dubai to be recorded securely and transparently using Ripple’s institutional-grade custody infrastructure. The XRP Ledger was selected for its speed, scalability, and compliance-ready architecture. The project aims to digitize AED 60 billion (USD 16 billion) in real estate assets by 2033.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, described the pilot as a landmark initiative placing Dubai at the forefront of digital asset adoption. He added that the Dubai Land Department’s decision to issue tokenized deeds on XRPL confirms the network’s maturity for enterprise-grade applications.

Strategic Infrastructure and Scope of the Project

Ctrl Alt’s role in this project is to integrate Ripple’s custody technology with the Dubai Land Department’s token issuance process. The company announced its involvement last month and became Ripple’s first custody partner in the United Arab Emirates.

According to Ripple’s latest blog post, Ctrl Alt’s integration into the custody network reflects rising demand for secure tokenized infrastructure. The partnership ensures that property tokens issued by DLD are stored securely and managed in accordance with strict operational protocols.

Matt Ong, CEO of Ctrl Alt, called the partnership “a natural fit” and confirmed that Ripple’s custody system meets high institutional standards. Ong said this technology will help the project meet the regulatory and technical demands of handling tokenized real estate.

Eligible investors can purchase fractional shares of Dubai properties through Prypco Mint, a platform under the initiative. These shares are priced as low as AED 2,000 and backed by tokenized title deeds issued on the blockchain.

Ripple’s Expanding Presence and Regulatory Credentials

This development comes after Ripple’s regional expansion. Earlier this year, it became the first blockchain payments provider licensed by the Dubai Financial Services Authority. The company also secured stablecoin approval for RLUSD in the Dubai International Financial Centre. Ripple currently holds more than 60 regulatory licenses in various parts of the world, including key clients in the Asia-Pacific, Europe, Latin America, and the Middle East. 

Related: Ripple CTO Defends Bitcoin as Key Financial Base Layer

The Real Estate Tokenization Project seeks to make Dubai’s property market more accessible and efficient. Through tokenization, multiple investors can co-own property using blockchain-based fractional ownership. The initiative also promotes real-time ownership verification and more inclusive market participation.

According to industry estimates, real-world asset tokenization may reach a market value of more than USD 16 trillion in the next decade. The pilot in Dubai involving Ripple indicates the adoption of blockchain by governments and institutions on a large scale, as well as the permission of asset representation.

The blockchain integration of Ripple and Ctrl Alt is already stabilizing the growth of the pilot project, forming a regulatory-technical yardstick that may transform the global real estate investment environment.