Ripple, DLD, and Ctrl Alt Team Up to Tokenize Dubai Real Estate—Here’s Why It Matters
Dubai’s skyline just got a blockchain upgrade. Ripple, DLD, and Ctrl Alt are joining forces to digitize the city’s luxury real estate—turning skyscrapers into tradeable tokens.
Why now? The emirate’s property market has been begging for liquidity, and crypto might be its golden ticket. Tokenization cuts out middlemen, slashes settlement times, and—let’s be honest—gives bored whales something new to speculate on.
The players: Ripple brings its enterprise-grade ledger, DLD (Dubai Land Department) offers regulatory muscle, and Ctrl Alt injects tokenization expertise. Together, they’re building a sandbox where palm-shaped islands meet DeFi.
But here’s the kicker: This isn’t just about fractional ownership. It’s a Trojan horse for institutional crypto adoption. Once billionaires start trading penthouses like memecoins, even the most skeptical bankers might finally 'get it.'
Of course, there’s always a catch. Will tokenized villas outperform the S&P 500? Unlikely. But in a city that built islands for fun, why not turn real estate into a 24/7 crypto casino?
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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Key Takeaways
- 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
- Ripple’s custody network covers Europe, the Middle East, Africa, Asia-Pacific and Latin America, signalling a growing global demand for reliable and compliant digital asset infrastructure
- This is Ripple’s second real estate tokenisation partnership in the UAE with the DLD and Ctrl Alt
