Ripple and Ctrl Alt Partner to Tokenize Dubai Real Estate and Use XRP Ledger for Digitalization

B.news

17 Jul 2025 10:10:27 AM

Ripple and UAE company Ctrl Alt announced a strategic partnership to use XRP Ledger to provide tokenization services for Dubai's real estate industry. The partnership marks a major step for Ripple to expand its business in the Middle East a

According to the agreement, Ctrl Alt will use Ripple's custody infrastructure to tokenize property deeds issued by the Dubai Land Department and store them on XRP Ledger. This cooperation will make transactions in the real estate industry more transparent and decentralized, and provide investors and buyers with more efficient and convenient trading methods.

It is worth mentioning that Ctrl Alt has become the first virtual asset service provider in Dubai to obtain authorization from VARA (Virtual Asset Regulatory Authority) to provide issuance-related services. This qualification gives it a unique position in the local digital asset field. At the same time, Ripple also obtained a license from the Dubai Financial Services Authority (DFSA) this year and cooperated with a number of local financial institutions, which laid a solid foundation for Ripple's expansion.

This cooperation not only promotes the digital transformation of Dubai's real estate market, but also provides new development opportunities for the global real estate industry. By tokenizing property deeds using XRP Ledger, Ripple and Ctrl Alt will bring greater liquidity, transparency and efficiency to the real estate industry, further promoting the use of decentralized finance (DeFi) in the global market.

As Dubai becomes one of the important centers of blockchain and cryptocurrency in the world, the cooperation between Ripple and Ctrl Alt marks a key step forward in the field of virtual assets in the Middle East. This move not only promotes the use of digital currencies in the real estate sector, but also promotes the innovative development of the global financial market.