Ripple, a leading U.S.-based blockchain company, has officially entered the tokenized real estate asset market in the United Arab Emirates through a groundbreaking partnership with the Dubai Land Department (DLD). Under this initiative, Ripple will provide digital custody for tokenized property title deeds issued on the public XRP Ledger (XRPL).
This marks a historic milestone — the first time a government property registry in the Middle East is leveraging a public blockchain to record and manage real estate ownership rights.
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🏗️ A Strategic Partnership for Innovation
Ripple is partnering with Ctrl Alt, a licensed digital asset tokenization platform operating under PRYPCO Mint, an initiative backed by the Dubai government. The goal: to build secure, institutional-grade infrastructure for fractional real estate ownership.
PRYPCO Mint recently obtained its VASP license from the Virtual Assets Regulatory Authority (VARA), allowing it to offer fractional ownership of Dubai properties with entry points as low as $544 USD.
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🚀 Real-World Success: Tokenized Properties Gaining Global Interest
In just three weeks, PRYPCO successfully funded three tokenized real estate projects:
🔹 A Business Bay apartment sold out in under 24 hours, attracting 224 investors from over 40 countries.
🔹 A unit in Kensington Waters, valued at $653,000, sold out in two minutes.
🔹 A tokenized villa received full funding from 169 investors in just five minutes.
Two new properties in Dubai Marina and Mohammed Bin Rashid City (MBR City) have since been listed, signaling continued demand for this innovative investment model.
View the update on PRYPCO Mint’s official account
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🔐 Ripple’s Role: Enabling Institutional-Grade Digital Custody
Ripple will provide secure, regulation-compliant custody for tokenized real estate titles on XRPL. According to Reece Merrick, Ripple’s Regional Managing Director for the Middle East & Africa:
> “This is a fantastic example of how Dubai is leading the global digital asset industry. The Dubai Land Department’s adoption of XRPL highlights its maturity as a blockchain suited for enterprise-grade financial applications.”
Matt Ong, CEO of Ctrl Alt, added:
> “Partnering with Ripple gives us proven, secure, and regulatory-compliant technology — a perfect match for our mission.”
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🏙️ Dubai: Pioneering the Future of Real Estate and Digital Assets
This partnership is part of a broader shift in Dubai’s approach to real estate and digital finance. The city is actively exploring:
📌 Use of cryptocurrency payments for property transactions
📌 Deployment of Ripple’s RLUSD stablecoin, recently approved by the Dubai Financial Services Authority (DFSA) for use in the Dubai International Financial Centre (DIFC)
Ripple has made several strategic moves in the UAE recently, including:
🤝 Partnering with Zand Bank, also working alongside the DLD
🌐 Collaborating with Mamo for cross-border payment solutions
✅ Securing a DFSA license, becoming the first blockchain-based payment service provider in the DIFC
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📢 Final Thoughts
Dubai continues to position itself as a global innovation hub, bridging traditional real estate and blockchain technology. Ripple's involvement in tokenized property custody marks a significant evolution in how real-world assets are issued, traded, and secured on-chain.
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⚠️ Disclaimer
The information provided in this article is for educational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks, and individuals should always conduct their own research (DYOR) and consult a licensed financial advisor before investing.
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