Ripple и Ctrl Alt токенизируют недвижимость в ОАЭ

What’s new? Fintech company Ripple, which issues the XRP token with a capitalization of $174,8 billion, has announced a strategic partnership with Ctrl Alt, a tokenization platform licensed by the Dubai Virtual Asset Regulatory Authority (VARA).

Press release

What else is known? As part of this partnership, Ctrl Alt will use Ripple’s digital asset storage technology to implement a pioneering real estate tokenization project from the Dubai Land Department (DLD).

Thus, the parties will provide DLD with a scalable and secure repository for tokenized real estate title deeds that will be issued on Ripple’s XRP Ledger (XRPL) blockchain.

Ctrl Alt will control the tokenization system, ensuring the secure issuance and tracking of title documents on the blockchain. This integration will link XRPL records to Dubai’s traditional real estate ledger, creating a single data system that supports digital and physical real estate transactions.

Ripple will also enable shared ownership of real estate, allowing multiple investors to jointly own a single property.

This is the first time a public real estate authority in the Middle East has tokenized title deeds on a public blockchain.

Ctrl Alt, which announced its participation in the DLD project last month, becomes the first major partner in the UAE to which Ripple will provide custodial services. Ripple’s expanding global custodial network now includes customers in Europe, the Middle East and Africa, Asia Pacific, and Latin America.

Ctrl Alt recently received a Virtual Asset Service Provider (VASP) license from VARA and became the first VASP authorized to provide asset issuance services. As of July 1, 2025, Ctrl Alt has tokenized more than $325 million in assets, including real estate, loans, funds, and more.

“Partnering with Ripple allows us to leverage proven and trusted technology that meets the highest security and operational standards. We’re excited to work with them and bring Dubai real estate investment opportunities to a wider audience,” said Ctrl Alt CEO and founder Matt Ong.

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Ripple has seen significant growth in the UAE: earlier this year, it became the first blockchain payment provider to be licensed by the Dubai Financial Services Authority (DFSA).

The company has partnered with Zand Bank, which is also working with the DLD project, and fintech startup Mamo, which will use Ripple’s solution for cross-border blockchain payments.

In addition, Ripple’s RLUSD stablecoin was recently approved by the DFSA for use at the Dubai International Financial Center (DIFC).