Ripple Partners With Ctrl Alt to Expand Custody Footprint Into Middle East

Key Points

1. Ripple announced an alliance with tokenization platform Ctrl Alt to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project.

2. Ripple’s stablecoin, RLUSD, secured its first major custody partner in the Arab Emirates, Ctrl Alt, expanding its network to clients from Europe.

3. The Dubai Land Department chose XRPL for its Real Estate Tokenization Project, highlighting Dubai's role in advancing digital asset innovation.

4. Ctrl Alt is the designated tokenization provider for the DLD Project, emphasizing compliance with operational standards.

5. Ripple has been expanding its presence in the UAE, including securing a license from the Dubai Financial Services Authority (DFSA) and integrating RLUSD with institutions like Swiss bank AMINA and BNY Mellon.