Ripple, DLD and Ctrl Alt Don Launch Government-Backed Real Estate Tokenisation for XRP Ledger

Ripple don join hand with Dubai Land Department (DLD) and fintech company Ctrl Alt to start government-backed real estate tokenisation for public XRP Ledger. The initiative dey produce property title deeds as digital tokens wey make am possible to make small-small investments from AED 2,000 (around $550). Ripple institutional-grade custody solution dey secure title deeds for XRPL, Ctrl Alt wey get license from Dubai Virtual Asset Regulatory Authority (VARA) dey run the tokenisation engine. The project start as pilot with Prypco Mint for May 2024, e dey split valuable properties for Downtown Dubai, Palm Jumeirah and Dubai South into 1,000–10,000 tokens each. By making transparency better, make market open reach more people, and give regulated infrastructure, the Dubai real estate tokenisation want attract global virtual asset companies. The plan dey backed by Ripple’s DFSA-approved services for DIFC and the growing custody network, including RLUSD stablecoin, this one go make Dubai stronger as global digital-asset hub.
Bullish
Dis government-backed real estate tokenisation dey mark big adoption for XRP Ledger by institutions. By join Ripple custody solution with VARA-licensed tokenisation engine, dis project dey improve security, follow law well, and open market access. Short term, e fit boost good feeling about XRP, increase on-chain activity and attract trading volume. Long term, if e work well, e fit make government and business show more interest, expand network utility, and boost XRP value as infrastructure asset, wey go support demand steady.