Ripple UAE Real Estate Tokenization and Custody Deals
Ripple dey expand how e dey use XRP Ledger for UAE with government-backed deals to tokenise and keep real estate. First, dem join hand with Ctrl Alt to support Dubai Land Department’s property deed tokenisation project, using Ripple custody tech for RLUSD stablecoin. Ctrl Alt, wey now get VARA license as VASP, allow people for share ownership of real estate. Recently, Ripple sign two deals: one pilot with Abu Dhabi developer Roshn for shared property ownership on XRP Ledger, and one custody deal with Tradix for tokenised securities. Dem dey plan to tokenise $200 million worth real estate assets for UAE by end of year under ADGM regulatory sandbox. These deals build on Ripple’s DFSA crypto payments license and partnerships with Swiss bank AMINA and BNY Mellon. Traders fit see more demand and liquidity for XRP as XRP Ledger dey gain acceptance from government and institutions.
Bullish
Ripple dem government-backed real estate tokenization projekts and new custody partnerships for UAE dey make XRP Ledger get strong use cases for institution dem. Tokenize up to $200 million assets plus get regulatory approvals under ADGM and DFSA dey create clear demand on-chain. For short term, dem announcement fit spark speculative buying and better price movement for XRP. For long term, if state entities and financial institutions adopt the network more, e fit increase transaction volume and liquidity, wey go support steady demand for XRP.