Ripple Joins Forces with Ctrl Alt to Revolutionize Dubai's Real Estate Market

Dubai's Ambitious Leap into Digital Property

Hang onto your hats, folks! Ripple is teaming up with Ctrl Alt, a UAE-based powerhouse, to catapult Dubai's real estate into the digital age. This isn't just a partnership; it's a full-on revolution!

Secure and Scalable: The Ripple Custody Solution

Ctrl Alt, the trailblazer as Dubai's first VASP to dive into issuer-related virtual asset services under VARA, is now tapping into Ripple's XRP blockchain magic. They're using this cutting-edge tech to lock down and manage those tokenized property title deeds, all thanks to the Dubai Land Department's bold move onto the XRP Ledger.

Imagine this: Ripple Custody, alongside Ctrl Alt and the Dubai Land Department, is setting the stage for a game-changer. They're not just storing these deeds; they're providing a fortress for tokenized real estate titles, making fractional ownership a breeze and transparency the new norm.

From Start to Finish: Managing Fractionalized Real Estate

Ripple's tech isn't just a piece of the puzzle; it's the whole damn picture. It's managing the entire lifecycle of these fractionalized real estate titles, beefing up Ctrl Alt's asset tokenization platform. We're talking compliant, on-chain custody of these digital property tokens that's set to shake things up.

Building on Success: Ripple's Growing Footprint in the UAE

This isn't Ripple's first rodeo in the UAE. They've already been riding high with Zand Bank and Mamo, thanks to the nod from the Dubai Financial Services Authority and the green light for their RLUSD stablecoin in the Dubai International Financial Centre. Now, with Ctrl Alt, they're doubling down on the XRP Ledger's role in Dubai's real estate revolution.

And guess what? This partnership is hot on the heels of the May 25 launch of Prypco Mint. This government-backed platform, cooked up with Ctrl Alt and built on the XRP Ledger, is letting UAE residents snag legally recognized fractional ownership of real estate starting at AED 2,000 (that's around $545, folks!). It's opening doors for smaller investors and aiming to tokenize a whopping $16 billion in property by 2033. Right now, it's in a pilot phase, but only for UAE ID holders, and it's strutting its stuff in the city's Real Estate Sandbox.

Dubai's Bold Vision for Tokenized Assets

Dubai isn't playing around. They're gunning to be the global hub for tokenizing real-world assets. In May 2025 alone, tokenized real estate sales hit nearly $400 million, making up a staggering 17.4% of all property transactions. Buckle up, because Dubai is just getting started!