Dubai’s Real Estate Tokenization Project is now live. Ripple has partnered with digital asset firm Ctrl Alt and the Dubai Land Department (DLD) to tokenize real estate title deeds on the XRP Ledger. The collaboration aims to deliver scalable, secure custody and open new pathways for global investment in Dubai’s real estate sector.
Through this partnership, Ctrl Alt will provide tokenization infrastructure, while Ripple will power digital asset custody. The XRP Ledger will act underlying blockchain, helping the tokenized title deeds will be stored and transacted there. This integration will enable fractional ownership, improve transparency, and lower the barrier for global access to Dubai’s property market.
The initiative is part of DLD’s Real Estate Evolution Space (REES) strategy, with the first implementation going live on Prypco Mint. The platform enables tokenized property investments starting from as little as AED 2,000 (~ $540). Currently, access is limited to UAE residents, with plans to expand further.
Ripple’s enterprise-grade custody solution plays a key role in safeguarding the tokenized assets. The company recently expanded its custody capabilities by acquiring Metaco, a Swiss digital asset firm, and is now broadening its global footprint, particularly in the Middle East.
Ctrl Alt has already tokenized over $295 million worth of assets and sees the project as a major step in integrating traditional real estate with blockchain. The Dubai Land Department forecasts that tokenized real estate could make up to 7% of Dubai’s property market by 2033, valued at around $16 billion.