Ripple lands first UAE custody deal as Dubai digitizes property titles on XRPL.
Ripple has entered a new partnership with Ctrl Alt to support the Dubai Land Department’s (DLD) push to digitize property ownership using blockchain.
According to a July 16 statement, the collaboration brings Ripple’s institutional-grade custody technology to the DLD’s real estate tokenization initiative, where title deeds will be stored securely on the XRP Ledger (XRPL).
The news has had a significant impact on the XRP token, which is up by nearly 4% and is trading near the $3 threshold as of press time, according to CryptoSlate data.
