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Dubai Goes Full Cyberpunk: Land Dept. and Ctrl Alt Tokenize Real Estate on XRPL
Dubai Goes Full Cyberpunk: Land Dept. and Ctrl Alt Tokenize Real Estate on XRPL
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Forget paper deeds—Dubai’s Land Department just dragged property ownership into the 21st century. Partnering with blockchain firm Ctrl Alt, they’re minting real estate assets as tokens on the XRP Ledger (XRPL).
Why it matters: Tokenization cuts through red tape like a laser scalpel—fractional ownership, instant settlements, and a middle finger to legacy bureaucracy. The move positions Dubai as the testing ground for Web3’s collision with trillion-dollar brick-and-mortar markets.
The fine print: No pricing or volume stats yet—typical for government-backed crypto plays. But with XRPL’s 3-second settlement times, even luxury condo flippers might ditch their fax machines. Just don’t ask how they’ll handle the next ‘stablecoin wobble.’
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