Ripple, DLD, Ctrl Alt Collaborate For Dubai’s Real Estate Tokenisation

Ripple is firing on all cylinders as it moves forward with its newly formed venture to boost Dubai’s real estate tokenisation.

In a press release published on 15 July 2025, Ripple revealed its partnership with the DLD (Dubai Land Development) authority and Ctrl Alt, a London-based fintech company specialising in tokenising alternative assets.

“This is the first time a government real estate registration authority in the Middle East has tokenised property title deeds on a public blockchain,” said Reece Merrick, Managing Director, Middle East and Africa, at Ripple.

Per the press release, the collaboration hinges on Ripple’s institutional-grade custody technology to securely store critical data such as tokenised property title deeds, issued on the XRP ledger.

Ctrl Alt, which recently got licensed by the Dubai Virtual Asset Regulatory Authority (VARA), will leverage Ripple’s tech stack to power its role as the core tokenisation engine for tokenising Dubai’s real estate, becoming the first in the UAE to offer issuer-based services.

We’re proud to partner with @Ripple to bring institutional-grade custody to the Dubai @Land_Department’s Real Estate Tokenization Project.

3 properties live on XRPL, 2 more launching today. A first in the UAE and a major step for tokenization.

Read more https://t.co/RC7tCCpczp pic.twitter.com/wSgoWR0TiG

— Ctrl Alt (@CtrlAltCo) July 16, 2025

“That the DLD has chosen the XRPL for this is really exciting and reinforces the XRPL’s credentials as the blockchain of choice for serious financial use cases,” he further added.

Furthermore, with this venture, Ctrl Alt has become Ripple’s first major custody partner in the UAE.

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Ripple’s Continued Efforts to Tokenise Dubai’s Real Estate Market

This is not the first time that Ripple has partnered with the DLD and Ctrl Alt on a tokenisation project.

In May 2025, Ripple, the DLD, Ctrl Alt, and PRYPCO, a Dubai-based proptech (property technology) company, collaborated to pilot test Prypco Mint, the Middle East’s first tokenised real estate crypto investment platform.

This VARA-backed project aims to tokenise property titles, enabling fractional ownership and streamlining investments via blockchain. The project leverages the XRP ledger system to enable Dubai residents to invest in fractional real estate starting from Dh 2000 (approximately $500).

March 2025 saw Dubai launch the first phase of its real estate tokenisation project as a means to introduce a method by which investors could co-own properties through digital tokens.

The initiative aims to expand access to home ownership, foster innovation in the real estate sector, and enhance awareness of virtual asset services.

Importantly, the initiative also aims to attract global virtual asset companies to shop in Dubai, within a regulated framework that safeguards investors and stakeholders.

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Ripple’s Collab with DLD Enhances Market Transparency

Ripple’s expansive custody network now covers Europe, the Middle East, Africa, Asia-Pacific and Latin America, signalling a growing global demand for reliable and compliant digital asset infrastructure.

The blockchain company, with more than 60 licenses worldwide, in its collaboration with the DLD, underscores a major step forward in tokenising Dubai’s real estate, enabling fractional ownership and enhancing market transparency.

Ripple has gone from strength to strength in the UAE since becoming the first blockchain-enabled payments provider in the region, licensed by the Dubai Financial Services Authority (DFSA).

Since receiving its license, Ripple has forged a critical partnership in May 2025, with Zand Bank, UAE’s first fully licensed all-digital bank and Mamo, a UAE-based fintech company that provides digital payment solutions.

Moreover, the RLUSD stablecoin is available for use within the Dubai International Financial Centre (DIFC) after gaining DFSA’s approval.

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