XRP Ledger to Star in Ripple- Ctrl Alt Deal to Tokenize Dubai Real Estate
Main Idea
Ripple partners with Ctrl Alt to tokenize Dubai real estate using the XRP Ledger, supporting Dubai's government-led digitization initiative.
Key Points
1. Ctrl Alt will use Ripple’s custody and the XRP Ledger (XRPL) for fractionalized real estate titles as part of Dubai’s digitization initiative.
2. Ctrl Alt is the first VASP in Dubai authorized by VARA to offer issuer-related services, linking token issuance directly to on-chain custody.
3. The partnership aligns with growing momentum for real estate tokenization in Dubai, following Ctrl Alt’s recent collaborations with Zand Bank and Mamo.
Description
Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai’s government-led real estate digitization initiative. The deal, announced on Tuesday , will see Ctrl Alt use Ripple’s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP Ledger (XRPL). Ripple’s technology will underpin the secure storage and lifecycle management of fractionalized real...
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