KEY TAKEAWAYS
- Ripple partners with Ctrl Alt to provide institutional digital asset custody in the UAE, supporting the Dubai Land Department’s Real Estate Tokenization Project.
- This collaboration marks Ripple’s first major custody partnership in the UAE, highlighting the growing demand for secure digital asset infrastructure in the region.
- Ctrl Alt’s VASP license from Dubai’s VARA enables a compliant tokenization process, enhancing the project’s regulatory credibility.
- The initiative aims to revolutionize Dubai’s real estate market by enabling fractional ownership and increasing market accessibility and transparency.
Ripple has announced a strategic partnership with Ctrl Alt to bring institutional digital asset custody to the United Arab Emirates. This collaboration will support the Dubai Land Department’s (DLD) Real Estate Tokenization Project, utilizing Ripple’s custody technology to securely store tokenized real estate title deeds on the XRP Ledger (XRPL).
Ctrl Alt, a tokenization infrastructure platform, will leverage Ripple’s institutional-grade digital asset custody technology to deliver scalable and secure storage solutions for the DLD’s initiative. This marks Ripple’s first major custody partnership in the UAE, highlighting the increasing demand for secure digital asset infrastructure in the region. The partnership was announced here.
Ripple’s Expansion in the Middle East
The partnership with Ctrl Alt underscores Ripple’s growing presence in the Middle East. Ripple’s global custody network now spans Europe, the Middle East and Africa, Asia-Pacific, and Latin America. Reece Merrick, Managing Director for the Middle East and Africa at Ripple, emphasized the significance of the DLD project, noting that it is the first instance of a government real estate registration authority in the Middle East tokenizing property title deeds on a public blockchain.
Ctrl Alt recently secured its Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), becoming the first VASP authorized to conduct issuer-related services. This regulatory milestone enables a compliant tokenization process, from asset issuance to secure custody and on-chain settlement.
Impact on Dubai’s Real Estate Market
The DLD Real Estate Tokenization Project represents a significant advancement in asset tokenization and property investment in Dubai. By tokenizing title deeds, the project allows for fractional ownership of real estate, enabling multiple investors to co-own a single property. This initiative aims to create a more accessible, transparent, and efficient real estate market in Dubai, broadening investor participation and enhancing operational efficiency.
Ripple’s involvement in the project follows its recent licensing by the Dubai Financial Services Authority (DFSA) as the first blockchain-enabled payments provider. Ripple has also established partnerships with Zand Bank and Mamo, further solidifying its role in the region’s digital asset landscape.
Why This Matters: Impact, Industry Trends & Expert Insights
Ripple’s partnership with Ctrl Alt to support the Dubai Land Department’s Real Estate Tokenization Project marks a significant milestone in the adoption of blockchain technology for real estate in the UAE. This collaboration aims to enhance digital asset custody infrastructure in the region.
Recent industry reports indicate that the real estate tokenization market in Dubai is witnessing rapid growth, with tokenized property sales reaching over $399 million in May 2025. The involvement of Ripple in this sector aligns with this trend, highlighting the increasing shift towards digital real estate assets.
According to legal experts, Dubai’s approach of linking tokens directly to property title deeds provides greater legal certainty and security for investors. This supports the significance of Ripple’s partnership in enhancing the legal and operational framework for real estate tokenization in the region.
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