Dubai Launches Real Estate Asset Digitization Project on the "XRP Ledger"
The Dubai Land Department (DLD) has entered into an official partnership with "Ctrl Alt", a technology company specialized in digital asset infrastructure, to launch a real estate tokenization project.
This step represents a significant achievement in the digitization of real estate assets, with the "XRP Ledger" chosen as the primary blockchain for this initiative.
♦️Project Goal
The aim of this project is to convert physical real estate assets into digital tokens on blockchain technology, enabling fractional ownership, speeding up transactions, and increasing liquidity in the real estate market.
The tokenized properties will allow investors - both locally and globally - to purchase and trade portions of real estate in a secure, transparent, and efficient manner.
♦️Why $XRP Ledger?
The (XRP Ledger) network was selected due to its high speed, low transaction costs, and environmentally friendly consensus mechanism, as it
♦️Benefits of Real Estate Digitization
By leveraging this network, the project ensures fast and low-cost real estate transactions while maintaining regulatory compliance and data integrity.
The collaboration includes the establishment of smart contract systems, secure digital wallets, and investor-friendly platforms.
