The Dubai Land Department has partnered with Ctrl Alt to launch a groundbreaking initiative called the "Real Estate Tokenization Project" on the $XRP Ledger.
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This project aims to digitally transform Dubai’s real estate sector by using blockchain technology. Through tokenization, real estate assets will be converted into digital tokens, making property ownership easier to transfer, more transparent, and efficient, without the usual paperwork.
Ctrl Alt, a blockchain innovation company, chose the $XRP Ledger due to its speed, security, and low transaction costs.
This initiative is not only significant for the UAE but also opens doors for global investors to invest in Dubai properties through a digital, secure, and streamlined process.
More updates are expected in the coming months as the project develops.
