It is with a certain degree of trepidation, mixed with a healthy dollop of excitement, that we report the latest escapade in the world of digital finance. Ripple, a name that has become synonymous with blockchain wizardry, has decided to throw its hat into the ring of Dubai’s digital real estate revolution, in partnership with the UAE-based Ctrl Alt. 🎩✨
Ctrl Alt, the first VASP (Virtual Asset Service Provider) in Dubai to be anointed with the power to provide issuer-related virtual asset services under VARA (Virtual Assets Regulatory Authority), is set to harness the mystical powers of Ripple’s (XRP) blockchain-based custody infrastructure. This will ensure that the tokenized property title deeds, issued by the Dubai Land Department on the XRP Ledger, are stored with the security of Fort Knox and the elegance of a well-tied cravat. 🏦🔗
In partnership with Ctrl Alt and the Dubai @Land_Department, Ripple Custody will deliver scalable and secure storage for the Dubai Land Department’s tokenized real estate title deeds, which have been issued on the XRP Ledger – enabling fractional ownership, transparency, and…
— Ripple (@Ripple) July 16, 2025
Ripple’s technology, which one might liken to a well-oiled machine or, more poetically, a perfectly mixed martini, will support the full lifecycle management of these fractionalized real estate titles. This will enhance Ctrl Alt’s asset tokenization platform, ensuring that all digital property tokens are managed with the precision of a Swiss watch and the grace of a ballroom dancer. 🕰️💃
This partnership, which builds on Ripple’s previous collaborations with UAE-based Zand Bank and Mamo, follows the company’s licensing by the Dubai Financial Services Authority and regulatory approval for its RLUSD stablecoin within the Dubai International Financial Centre. It’s a veritable feast of regulatory nods and winks, all pointing towards a future where digital real estate is as common as a morning cup of tea. 🍵🏠
The XRP Ledger’s role in Dubai’s real estate digitization is further cemented with this new partnership. Just a short while ago, on May 25, the government-backed platform Prypco Mint, developed in conjunction with Ctrl Alt and built on the XRP Ledger, was launched. This platform allows UAE residents to purchase legally recognized fractional ownership of real estate starting at a mere AED 2,000 (around $545), thus opening the doors of investment to the little guy who might otherwise have been left out in the cold. 🏦💰
The platform, currently in a pilot phase and restricted to UAE ID holders, is running within the city’s Real Estate Sandbox, a testing environment designed for new property technologies. The goal? To tokenize up to $16 billion in property by 2033, a figure that would make even the most jaded financier sit up and take notice. 🤑📊
Meanwhile, Dubai is not content to rest on its laurels. The city is accelerating its push to become a global hub for real-world asset tokenization. In May 2025 alone, tokenized real estate sales in the city reached nearly $400 million, accounting for 17.4% of all property transactions. It’s a revolution, my dear reader, and one that is being watched with bated breath by the entire financial world. 🌍🔥
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2025-07-17 11:58