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In a significant development for blockchain-based real estate, the United Arab Emirates has selected Ripple’s XRP Ledger (XRPL) to power its real estate tokenization initiative, signaling a major step forward in XRP adoption across the region.

XRPL Powers First Real Estate Tokenization Project in MENA
The initiative, which now includes over 3,000 registered investors, marks the first real estate tokenization program in the MENA region and is currently available exclusively to Emirates ID cardholders who are official UAE residents.

Announced by Mahmoud AlBurai, a senior executive at the Dubai Land Department (DLD), the pilot program has garnered substantial interest, with many participants already on the waitlist. According to AlBurai, the trial network for tokenization is based entirely on XRPL, suggesting Ripple’s blockchain is at the core of this government-backed effort.

Government Partnership and Tokenized Property Ownership
The DLD has partnered with Prypco Mint and Ctrl Alt to digitize and tokenize ownership deeds for government-owned real estate. This collaboration aims to eventually enable investors to purchase fractional ownership in tokenized property — a game-changing concept in real estate accessibility and liquidity.

Although the current phase is limited to UAE nationals and residents, the program’s potential for broader expansion remains an open question, especially given Ripple’s expanding ecosystem of real-world asset (RWA) integrations.

Ripple’s Real-World Asset Strategy Gains Momentum
Ripple’s role in tokenizing real-world assets on XRPL has grown significantly in recent years. Notable investments include:
$10 million into tokenized U.S. Treasury bills via OpenEden
$5 million in a tokenized money market fund launched by UK-based Abrdn
The addition of real estate to Ripple’s tokenization portfolio further enhances XRPL’s institutional appeal, especially in regulated sectors.

Institutional Onboarding Accelerates in the UAE
Following its regulatory approval from the Dubai Financial Services Authority (DFSA), Ripple has started onboarding financial institutions into its Ripple Payments infrastructure — a move that complements the expanding utility of XRP and RLUSD within high-value financial ecosystems.
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Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced that
Ripple USD (RLUSD) has been integrated into Ripple’s flagship payments solution, Ripple Payments, further driving enterprise utility and demand for the asset.
RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core – backed by Ripple’s years of experience working with both crypto and traditional finance. In tandem, RLUSD is nearing $250M in market capitalization marking unprecedented adoption since its launch in mid-December 2024.
Powering cross-border payments with RLUSD and Ripple Payments
Today, Ripple has enabled RLUSD cross-border payments in its flagship payments solution, which processes billions of dollars in volume. Unlike many stablecoins, which are designed for retail use, RLUSD has built-in global enterprise utility to improve the speed and efficiency of cross-border payments.

Ripple is combining years of expertise in payments, an extensive payout network with near-global coverage, and a high-quality, stablecoin built with compliance at its core, to provide fast, low-cost and scalable cross-border payments. Today, RLUSD is being used in the payment flow with select customers, including cross-border payment providers BKK Forex and iSend to improve their cross-border treasury operations. Over time, Ripple will also expand the use of RLUSD for our payments customers.
RLUSD Nears $250M Market Capitalization; available today on Kraken
Since launching in December 2024, RLUSD has experienced strong global adoption, nearing $250M in market capitalization and $10B in trading since launch, demonstrating demand for an enterprise-grade, compliance-first USD-backed stablecoin.
Ripple is continuing to work with top-tier partners around the world to make RLUSD globally available. In addition to partners and exchanges LMAX Digital, Zero Hash, Bitstamp and Bullish, today RLUSD is now available on Kraken, one of the world’s longest-standing crypto exchanges, further extending access and availability to retail users.
“We're seeing the market cap continue to grow, outpacing our internal projections. In short order, RLUSD is being used for a number of use cases, including use as collateral in both crypto and tradfi trading markets. New exchanges are listing RLUSD on an ongoing basis and we're actively working with NGOs who see the opportunity to streamline giving through stablecoins,” said Jack McDonald, SVP of Stablecoins at Ripple. “We’re additionally excited to enable RLUSD in Ripple Payments, extending the breadth of stablecoins available in our cross-border payments solution.”

RLUSD is ideal for a number of financial use cases, allowing enterprises to:
Facilitate instant settlement ofcross-border payments.Access liquidity for remittance and treasury operations.Seamlessly integrate with decentralized finance (DeFi) protocols.Reliably bridge between traditional fiat currencies and the crypto ecosystem, ensuring a seamless and efficient transition when entering (on-ramping) or exiting (off-ramping) the crypto space.Provide collateralization for tradingtokenized real-world assets such as commodities, securities, and treasuries onchain.
RLUSD sets the standard for stablecoins, combining innovative functionality with the regulatory rigor and credibility of an NYDFS-issued New York limited purpose trust company, further highlighting Ripple’s leadership in fostering trust and transparency in digital assets.
Source: Ripple
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