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Ripple Partners with Ctrl Alt to Revolutionize Dubai's Real Estate via Blockchain
Ripple, a global leader in blockchain technology, has announced a strategic alliance with Ctrl Alt, a Dubai-based company, to support the city's vision of digitizing the real estate sector. This significant collaboration leverages Ripple's enterprise-grade XRP Ledger infrastructure to securely store and manage tokenized property titles for Dubai's real estate industry.
Empowering Digital Asset Custody for Property on XRP Ledger
Ctrl Alt, recognized as Dubai's first Virtual Asset Service Provider (VASP) authorized to issue virtual asset services under the Virtual Assets Regulatory Authority (VARA), will utilize Ripple’s blockchain-driven custody solutions. Through this partnership, property title deeds issued by the Dubai Land Department will be tokenized and managed on the XRP Ledger. This approach not only secures the storage and lifecycle management of fractionalized real estate assets but also streamlines compliant on-chain transactions for digital property tokens.
Building on Dubai’s Blockchain Momentum
This partnership marks a significant milestone in Ripple’s ongoing efforts within the UAE. Ripple has previously joined forces with financial institutions such as Zand Bank and Mamo, and secured licensing from the Dubai Financial Services Authority. Additionally, its RLUSD stablecoin has gained regulatory approval within the Dubai International Financial Centre, reflecting Ripple’s expanding regional footprint.
Prypco Mint: Accessible Real Estate Tokenization for UAE Investors
Following the launch of Prypco Mint—a government-endorsed, Ctrl Alt-developed property platform built on the XRP Ledger—UAE residents can now invest in fractional real estate for as little as AED 2,000 (approximately $545). This initiative fuels greater inclusivity, enabling retail and small-scale investors to access Dubai’s lucrative property market. With an ambitious goal to tokenize up to $16 billion worth of property by 2033, the pilot phase currently runs in the regulated Real Estate Sandbox and is accessible to UAE ID holders.
Dubai: A Global Leader in Real-World Asset Tokenization
Dubai continues to position itself at the forefront of blockchain-powered innovation. In May 2025 alone, nearly $400 million of real estate in Dubai was transacted through tokenized sales—accounting for 17.4% of all property deals that month. As global interest in real-world asset tokenization surges, Ripple’s partnership with Ctrl Alt cements the XRP Ledger’s pivotal role in transforming the future of real estate investments.
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