Ripple Partners with Ctrl Alt to Launch Real Estate Tokenization in Dubai

Highlights:

• Ripple and Ctrl Alt have partnered to tokenize Dubai property deeds using blockchain.
• Ctrl Alt secured a VARA approval to manage tokenized assets in the region.
• Ripple has expanded in the UAE through real estate and banking ties as demand for blockchain services increases.

Ripple also collaborated with Ctrl Alt to enable a mega project initiated by the Dubai Land Department. The project plans to tokenize the titles of real estate and issue them on the XRP Ledger. Ripple will offer digital asset custody to manage these tokenized property documents. This collaboration makes Ctrl Alt, a B2B infrastructure solution provider, the first custody partner of Ripple in the United Arab Emirates.

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In partnership with Ctrl Alt and the Dubai @Land_Department, Ripple Custody will deliver scalable and secure storage for the Dubai Land Department’s tokenized real estate title deeds, which have been issued on the XRP Ledger – enabling fractional ownership, transparency, and…

— Ripple (@Ripple) July 16, 2025

The digital asset custody business of Ripple is currently active in 5 continents. The project seeks to make property transactions more efficient by securing property documents on the blockchain. Buyers and sellers will no longer rely on paper documents since title ownership will exist on-chain. This could help lower costs and improve the overall speed and reliability of transfers.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said:

“This is the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain. The project is a perfect example of the type of forward-thinking, innovative initiative that is positioning Dubai at the heart of the global digital asset industry.”

Ctrl Alt Gains UAE License Ahead of Real Estate Tokenization Rollout

Ctrl Alt has recently received a license on June 5 from the Virtual Assets Regulatory Authority, becoming the first VASP to do so. With this approval, Ctrl Alt can fully support the tokenization project launched by the Dubai Land Department. The license also gives the company the ability to manage tokenized assets through their full lifecycle.

The DLD project introduces fractional ownership of assets. The move allows small investors to buy portions of a property instead of the whole asset or property. This framework has the ability to reduce the financial threshold for new investors and scale up access to the real estate market. It also enables property owners to access a wider market of buyers who might not be able to afford complete ownership. The blockchain will store all the ownership records and transactions.

Tokenization will minimize the possibilities of fraud and human error when effecting ownership transfers. It also aids in reducing paperwork and the amount of time required in making transactions. Ctrl Alt will assist in ensuring compliance by the safe management of digital property documentation throughout the platform. Ripple and Ctrl Alt aim to meet the growing demand for blockchain solutions through joint efforts with government and private institutions.

Ripple Expands UAE Presence Through Real Estate and Banking Links

The partnership will make the real estate business in Dubai more modernized and will provide safe asset management approaches. The need to provide services based on trusted digital assets is also increasing as blockchain adoption scales in the region. Ripple and Ctrl Alt will attempt to satisfy this need by collaborating with government and private organizations. Meanwhile, the Dubai Financial Services Authority approved RLUSD to be used in the Dubai International Financial Centre among other stablecoins. 

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