Simple Summary: Dubai Land Department Uses XRP Ledger for Tokenized Land Deeds

The Dubai Land Department (DLD) has started putting land ownership records (called land deeds) on the XRP Ledger — a blockchain network. This means the records are now digital and verified directly on the blockchain.

A user named Vet, who helps check transactions on the XRP Ledger, confirmed this update. He said that two properties have already been turned into digital tokens, and a total of five are planned so far. Each token is linked to a real property title, which proves it's backed by real land.$XRP #MastercardStablecoinCards

This move makes it easier to trade pieces of real estate using blockchain and brings more real-world assets into the world of decentralized finance (DeFi).

This change also shows how XRP is becoming more important in the growing trend of real estate tokenization.