As Dubai races to become the world’s leading crypto hub, Ripple isn’t sitting on the sidelines. The blockchain giant just inked a game-changing partnership with Ctrl Alt to revolutionize real estate in the emirate. They’re not just talking innovation—they’re actually doing it.
The deal leverages Ripple’s custody tech to manage tokenized property deeds on the XRP Ledger. Pretty neat stuff. Ctrl Alt isn’t some random player either. They’re the first Virtual Asset Service Provider in Dubai authorized for issuer-related services under VARA. Big deal. Smart contract automation ensures seamless, trustless execution of property transactions without manual intervention.
Game-changer alert: Ripple’s custody tech meets Dubai real estate on XRP Ledger, with VARA-authorized Ctrl Alt leading the charge.
This marks Ripple’s first major custody partner in the UAE. Demand for compliant digital asset infrastructure is booming, and Ripple knows it. The partnership extends their custody network globally. Smart move.
Here’s the cool part: regular folks can now own pieces of Dubai real estate starting from just 2,000 AED (about $545). Fractional ownership—on a blockchain. The ambition? Tokenize up to $16 billion in property value by 2033. No small goal.
The numbers already look promising. By May 2025, tokenized real estate sales hit nearly $400 million, representing 17.4% of Dubai’s property transactions. The pilot phase is currently limited to UAE ID holders via Dubai’s Real Estate Sandbox testing zone. The platform called Prypco Mint allows investors to purchase fractional ownership of properties through tokenization.
What makes this special is that it’s a regional first. A Middle East government authority using public blockchain for real estate deeds? Unprecedented. The system employs institutional-grade custody solutions for secure, compliant management of these digital assets.
Ripple’s expansion follows their DFSA license for digital asset infrastructure and their RLUSD stablecoin. They’ve been busy forming partnerships with Zand Bank and Mamo too. The groundbreaking initiative aims to make the Dubai real estate market more transparent and efficient for all participants. The Dubai Land Department clearly wants to lead the pack in asset tokenization.
The project addresses growing demand from institutions and retail investors alike. Dubai’s pushing to become a global hub for real-world asset tokenization. And Ripple? They’re right in the middle of it. Not just watching history—making it.
