Dubai’s Land Department (DLD) has switched on the Middle East’s first government-backed tokenization of property title deeds, selecting the open-source XRP Ledger ($XRP ) as the settlement layer for a pilot expected to reshape how domestic real-estate assets are bought, sold and financed. The live launch, developed under the DLD’s Real Estate Evolution Space Initiative (REES) and executed with tokenization specialist Ctrl Alt, synchronizes on-chain deed tokens with Dubai’s conventional land registry, creating a legally compliant bridge between the XRP Ledger and the emirate’s long-standing property system.
Dubai Turns To $XRP Ledger
Ripple’s developer arm welcomed the choice. In a post on X, RippleX called the programme “a massive milestone for Dubai’s real estate market,” adding that the XRPL was picked “thanks to its decade-long reliability and stability in tokenizing and exchanging digital and real-world assets.”
