Ripple, DLD and Ctrl Alt Launch Government-Backed Real Estate Tokenisation on XRP Ledger
Ripple has teamed up with the Dubai Land Department (DLD) and fintech firm Ctrl Alt to pioneer government-backed real estate tokenisation on the public XRP Ledger. The initiative issues property title deeds as digital tokens, enabling fractional investments from AED 2,000 (around $550). Ripple’s institutional-grade custody solution secures title deeds on XRPL, while Ctrl Alt, licensed by the Dubai Virtual Asset Regulatory Authority (VARA), powers the tokenisation engine. Launched initially as a pilot with Prypco Mint in May 2024, the project splits high-value properties in Downtown Dubai, Palm Jumeirah and Dubai South into 1,000–10,000 tokens each. By enhancing transparency, broadening market access and providing regulated infrastructure, the Dubai real estate tokenisation aims to attract global virtual asset firms. Supported by Ripple’s DFSA-approved services in the DIFC and its expanding custody network, including the RLUSD stablecoin, this scheme strengthens Dubai’s bid to become a global digital-asset hub.
Bullish
This government-backed real estate tokenisation represents a landmark institutional adoption of the XRP Ledger. By integrating Ripple’s custody solution with a VARA-licensed tokenisation engine, the project enhances security, regulatory compliance and market access. In the short term, this can drive positive sentiment around XRP, increase on-chain activity and attract trading volume. Over the long term, successful execution may encourage further government and enterprise use cases, expand network utility and reinforce XRP’s value proposition as an infrastructure asset, underpinning sustained demand.