The Dubai Land Department has partnered with Ctrl Alt to implement a real estate tokenization initiative on the XRP Ledger. This project:

- Allows ownership of real estate in a fragmented form with a minimum investment of 545 USD (2,000 AED).

- Operates through the PRYPCO Mint platform.

- Collaborates with the Dubai Virtual Assets Regulatory Authority (VARA) and the Dubai Future Fund.

- Aims to enhance transparency and operational efficiency using blockchain technology in registering real estate ownership.

- Aims to build a tokenized real estate market worth 16 billion USD (60 billion AED) by 2033.