Ripple became the first blockchain-based payment provider licensed by the Dubai Financial Services Authority (DFSA). Dubai's position as a digital asset hub is reinforced by this milestone, collaborations like that of Zand Bank, and the recent approval of Ripple's stablecoin, RLUSD, for use in the Dubai International Financial Centre (DIFC).
The GDP of the United Arab Emirates, approximately 277 billion dollars, highlights the scale of the opportunity, and with Ctrl Alt already tokenizing over 325 million dollars in assets (spanning real estate, private credit, and funds), Dubai is quickly becoming a testing ground for institutional-level tokenization.
Ripple is expanding its business in the Middle East to offer secure and compliant digital asset solutions worldwide. With its growing network and adoption, which includes over 60 regulatory licenses, Ripple is gradually becoming the solution that institutions are seeking.