XRP Ledger Chosen for Ripple’s Real Estate Tokenization Deal with Ctrl Alt in Dubai

Ripple and Ctrl Alt to Tokenize Dubai Real Estate Using XRP Ledger

Ripple has partnered with UAE-based platform Ctrl Alt in a new effort to tokenize real estate assets in Dubai, advancing the city’s digital asset ambitions.

The initiative, announced Tuesday, will utilize the XRP Ledger (XRPL) to record and manage tokenized title deeds issued by the Dubai Land Department (DLD). Ctrl Alt will use Ripple’s enterprise-grade custody technology to securely store and handle these digital assets on-chain throughout their lifecycle.

The partnership marks a significant step in Dubai’s strategy to modernize its real estate infrastructure by integrating blockchain technology. The goal is to enable fractional ownership of real estate through regulated digital assets, with XRPL serving as the underlying blockchain for custody and management.

Ctrl Alt recently became the first Virtual Asset Service Provider (VASP) authorized by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer token issuance services, aligning with local regulations on virtual property titles and custody.

Ripple continues to expand its presence in the Middle East. In recent months, the company received regulatory approval from the Dubai Financial Services Authority (DFSA), launched partnerships with institutions such as Zand Bank and Mamo, and secured DIFC approval for its RLUSD stablecoin.

The collaboration with Ctrl Alt highlights Ripple’s growing role in institutional-grade tokenization and reinforces Dubai’s leadership in real estate digitization through blockchain innovation.