Ripple Partners with Ctrl Alt to Secure Dubai’s Tokenized Real Estate on XRP Ledger

Key Points

1. Ripple collaborates with Ctrl Alt to securely store Dubai’s tokenized property title deeds on the XRP Ledger, marking its first major custody partnership in the UAE.

2. The Dubai Land Department’s (DLD) Real Estate Tokenization Project aims to enable fractional ownership and greater market transparency through blockchain technology.

3. Ripple’s custody network now spans Europe, the Middle East, Africa, Asia-Pacific, and Latin America, serving a growing client base.

4. Ctrl Alt, Ripple’s partner, is the first authorized entity in the UAE to provide issuer-related services, approved by the Virtual Assets Regulatory Authority (VARA).

5. Bergen County, New Jersey, has a separate deal to tokenize $240 billion in property deeds on the Avalanche blockchain, reflecting broader adoption of tokenized real estate.