Thu Jul 17 06:20:00 UTC 2025: Okay, here’s a news article summarizing the text you provided:
**Ripple Expands Institutional Custody to Middle East, Partners with Ctrl Alt for Dubai Real Estate Tokenization**
**Dubai, UAE** – Ripple, the enterprise blockchain and crypto solutions provider, is extending its institutional custody services into the Middle East, partnering with Dubai-based tokenization platform Ctrl Alt to support the Dubai government’s ambitious real estate digitization project.
The partnership, announced Tuesday, will leverage Ripple’s secure custody infrastructure for the storage and management of tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP Ledger (XRPL). This move will enable Ctrl Alt to offer end-to-end infrastructure for asset tokenization, using Ripple’s technology to underpin the secure lifecycle management of these fractionalized real estate titles.
Ctrl Alt recently achieved a significant milestone, becoming the first Virtual Asset Service Provider (VASP) in Dubai authorized to offer issuer-related services under the Virtual Assets Regulatory Authority (VARA), directly linking token issuance to on-chain custody.
This development underscores the growing acceptance and adoption of cryptocurrencies in Dubai. Ripple secured a license from the Dubai Financial Services Authority (DFSA) earlier this year and has since forged partnerships with Zand Bank and Mamo. The company has also received approval for its RLUSD stablecoin within the Dubai International Financial Centre (DIFC), further solidifying its presence in the region. The partnership with Ctrl Alt demonstrates Ripple’s commitment to driving innovation in the digital asset space and supporting Dubai’s vision for a technologically advanced real estate market.
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