😱🔥 Dubai Launches Tokenized Real Estate on XRPL — Property Ownership Enters the Blockchain Era!
#Dubai just made real estate history — the Dubai Land Department (DLD), in partnership with Ctrl Alt, has launched the region’s first tokenized real estate platform on the XRP Ledger (#XRPL)!
Key Details:
• Backed by VARA, Dubai Future Foundation, and PRYPCO
• Property title deeds recorded on-chain via XRPL
• Buy fractional real estate shares starting at AED 2,000
• Platform: PRYPCO Mint — mint.prypco.com
• Ctrl Alt integrated directly with DLD’s system — official records sync with blockchain
Why It Matters:
This move makes Dubai the first in the Middle East to bridge official land records with blockchain-based ownership. It’s a massive leap in accessibility and innovation — real estate investing is now open to everyone with an Emirates ID.
By 2033, up to AED 60B (~$16B) of Dubai’s property transactions could be tokenized — about 7% of the market.
Matt Ong, CEO of Ctrl Alt:
“We’re proud to work with DLD to open up real estate through tokenization. Dubai continues to lead in financial tech innovation.”
This isn’t just a pilot — it’s the future of real estate, live now.