Ctrl Alt FCA nod: UK approval to expand tokenization

UAE-regulated tokenization firm Ctrl Alt has received direct authorization from the UK Financial Conduct Authority (FCA), enabling it to offer regulated investment services and expand its tokenization and digital capital markets capabilities. Ctrl Alt FCA approval also places Ctrl Alt Ltd (a subsidiary of Alt Ltd) on the FCA register for UK investment firms. Ctrl Alt says it has already tokenized over $1.2 billion in assets as of April 2026, covering real estate, private credit, funds, and commodities. In February 2026, Ctrl Alt and Billiton Diamond tokenized $280 million in UAE-held diamonds using Ripple custody. The company also acts as a tokenization partner for the Dubai Land Department, supporting real estate tokenization on the XRP Ledger (XRPL) in coordination with Dubai’s VARA and related entities. That project targets fractional ownership and aims to grow Dubai’s tokenized real estate market to AED 60 billion (about $16 billion) by 2033. Prior to the FCA decision, Ctrl Alt participated in the Bank of England’s Digital Securities Sandbox and Synchronization Lab program as a Synchronization Operator, where it tested issuance, trading, settlement, and synchronization with the Bank’s renewed real-time gross settlement service. For traders, the Ctrl Alt FCA nod is another step toward regulated real-world asset (RWA) tokenization infrastructure in the UK, potentially improving institutional confidence in tokenized securities frameworks—though near-term market impact may depend on execution and liquidity.