The Dubai Land Department teamed up with Ctrl Alt and Ripple Custody. They will store tokenised real estate title deeds on the XRP Ledger. The partnership would help keep real estate deeds safe.
It also lets investors buy parts of a property and would open up Dubai’s market to more buyers worldwide. The project runs on institutional-grade custody tools.
How It Works?
The Dubai Land Department began issuing title deeds as digital tokens earlier this year. Ctrl Alt, the department’s chosen tokenisation provider, will now hand over those tokens to Ripple Custody for storage.
Ripple’s platform uses secure hardware and strict compliance checks. It can handle large volumes of records without slowing down. Every change to a deed is instantly reflected on the public XRP Ledger.
Ctrl Alt recently won a virtual asset service provider (VASP) license from the Virtual Assets Regulatory Authority (VARA).
It is the first firm in the UAE to be licensed for linking token issuance with the custody of real-world assets. This approval means each step, from creating a token to storing it, follows clear rules set by the UAE authorities.
Comments from Leaders
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, praised the project as a milestone. He noted that no other government agency in the region has placed property deeds on a public blockchain.
“Choosing the XRP Ledger shows its strength for serious finance tasks,” he said. Matt Ong, Ctrl Alt’s founder, added that Ripple’s custody tools meet the highest security standards. He believes the partnership will bring Dubai’s real estate to new audiences.
By breaking a single property into smaller, tradable tokens, the project lowers the barrier to entry. Anyone with a digital wallet can buy a slice of a building.
This model can draw in people who once found direct real estate investment out of reach. It may also speed up deals and cut costs compared with traditional title transfers.
Expansion in the Region
Ripple has been expanding its footprint in the UAE since March 2025, when it won a Dubai Financial Services Authority license. It now works with Zand Bank and Mamo on cross-border payments.
The DFSA also approved Ripple’s stablecoin, RLUSD, for use inside the Dubai International Financial Centre. In Switzerland, AMINA Bank AG became the first global bank to let clients hold, trade and store RLUSD.
With more than 60 licenses around the world, Ripple aims to offer banks and big firms a safe way to handle digital assets. If the Dubai Land Department’s tokenisation system runs smoothly, other governments may follow.
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