Ripple Expands UAE Push with Ctrl Alt Deal: Real Estate Tokens Now Sold from Just $545

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Key Takeaways:

• Ripple and Ctrl Alt enable tokenized real estate purchases from just $545.
  
• The XRP Ledger powers the Middle East’s first government-backed property tokenization.
  
• Ripple expands its UAE footprint with its first real estate custody deal and multiple regulatory wins.

Ripple has announced a landmark partnership with Ctrl Alt and the Dubai Land Department (DLD) to tokenize real estate title deeds using the XRP Ledger. This government-backed initiative enables global investors to purchase fractional shares of Dubai properties—starting from just AED 2,000 (~$545)—ushering in a new era of accessible, secure, and transparent property investment in the Middle East.

XRP Ledger Powers First Government-Supported Real Estate Tokenization

In a regional first, the DLD has embraced blockchain to digitize property ownership on a public ledger. Ripple’s role involves providing institutional-grade custody for these tokenized deeds. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasized that the DLD’s selection of the XRP Ledger reflects its real-world utility and reliability for financial applications.

This innovation brings enhanced transparency and accessibility to Dubai’s booming real estate sector, now open to international retail and institutional investors alike.

Ctrl Alt Secures VARA License for Compliant Tokenization

Ctrl Alt, the platform enabling real estate tokenization, has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This regulatory clearance ensures that all token creation and custody operations meet UAE compliance standards.

The VARA oversight provides added assurance for investors, reinforcing trust in a market previously dominated by traditional barriers to entry.

Real Estate Sales Already Live: Villas, Apartments Sold in Minutes

Ctrl Alt has already piloted the tokenized sales model with resounding success. A Dh1.75 million villa was sold in under five minutes, while a Kensington Waters apartment listed at AED 1.5 million has also gone live. These cases demonstrate real-time demand and the operational viability of fractional real estate investment.

For investors, the experience is seamless: Ctrl Alt manages token issuance, Ripple secures the assets, and blockchain ensures transparency.

Ripple Doubles Down on UAE Blockchain Expansion

This real estate initiative is part of Ripple’s broader strategic expansion into the UAE. Recently, Ripple secured regulatory approval from the Dubai Financial Services Authority (DFSA), introduced its RLUSD stablecoin for use in the region, and partnered with fintech firms Zand Bank and Mamo to enhance blockchain-based cross-border payments.

Also Read: SEC Vote on Ripple XRP Case Dismissal Rumored for July 17 as Community Demands Proof

The custody deal with Ctrl Alt marks Ripple’s first such agreement in the UAE, solidifying its position as a key blockchain enabler in the region.

Dubai is leading the world in turning real estate into regulated digital assets—and Ripple is at the forefront of that transformation.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.