Thu Jul 17 06:20:00 UTC 2025: ## Dubai Pioneers Real Estate Tokenization on XRP Ledger in Landmark Partnership
**Dubai, UAE** – In a move poised to revolutionize property ownership and investment, Dubai has launched its first government-backed real estate tokenization initiative, powered by a partnership between Ripple and Ctrl Alt. The Dubai Land Department (DLD) is leading the charge, leveraging Ripple’s digital asset custody technology to securely store tokenized property title deeds on the XRP Ledger (XRPL).
This groundbreaking project marks the first instance of a Middle Eastern government entity utilizing a public blockchain for real estate title deeds, positioning Dubai as a global leader in blockchain-based real estate innovation. Ripple’s technology ensures the secure and compliant storage of these tokens, while the XRPL’s scalability facilitates seamless transactions and enhances transparency.
“This initiative sets a benchmark for public-sector blockchain adoption,” said Reece Merrick, Managing Director of Ripple for the Middle East and Africa. “The XRPL’s robust infrastructure is perfectly suited for powering institutional-grade financial use cases like this.”
Ctrl Alt, recently licensed as a Virtual Asset Service Provider (VASP) in Dubai, will provide end-to-end real-world asset tokenization services, from issuance to custody and on-chain settlement. According to founder Matt Ong, Ripple’s robust security standards and trusted technology were key to the partnership.
By lowering entry barriers and enhancing transparency, this initiative opens Dubai’s property market to a broader global audience, fostering investment and growth. The partnership showcases the potential of public-private collaboration in driving blockchain innovation at scale. This marks Ripple’s first major custody deal in the UAE, signaling the region’s growing demand for secure digital asset infrastructure. Ripple’s custody services now extend across Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
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