Ripple Partners with Ctrl Alt to Transform Real Estate Tokenization in Dubai
In a groundbreaking development, Ripple has entered into a strategic alliance with Ctrl Alt, a prominent player in tokenization infrastructure, to significantly extend its reach in institutional digital asset custody services within the United Arab Emirates. This collaboration is set to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project, which will leverage the XRP Ledger (XRPL) to issue digital property title deeds.
A New Era of Collaboration: Ripple and Ctrl Alt
According to a recent announcement, Ctrl Alt will utilize Ripple’s cutting-edge institutional-grade custody technology to ensure secure and scalable storage for digital assets associated with Dubai’s pioneering real estate tokenization initiative. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasized the significance of this venture, describing it as a “forward-thinking and innovative initiative that places Dubai at the forefront of the global digital asset industry.”
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Pioneering Blockchain Adoption in Real Estate
Merrick highlighted the groundbreaking nature of the project, stating, “This marks the first instance of a government real estate registration authority in the Middle East choosing to tokenize property title deeds on a public blockchain. The DLD’s selection of the XRPL underscores its reputation as the preferred blockchain for serious financial applications.”
Ctrl Alt’s Strategic Role and Regulatory Milestone
As the designated tokenization provider for the DLD project, Ctrl Alt has further solidified its position by achieving a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This milestone makes Ctrl Alt the first VASP authorized to conduct Issuer-related services in the UAE.
Establishing a Compliant Framework for Tokenization
This achievement lays the foundation for a compliant framework encompassing issuance, custody, on-chain settlement, and lifecycle management of real-world asset tokenization. Matt Ong, CEO and Founder of Ctrl Alt, expressed his enthusiasm for the partnership, stating, “Collaborating with Ripple allows us to harness proven and reliable technology that adheres to the highest security and operational standards. We are thrilled to work together to open up Dubai real estate investment opportunities to a broader audience.”
Revolutionizing Property Investment in the Region
The Dubai Land Department’s Real Estate Tokenization Project signifies a substantial leap towards modernizing property investment in the region. By integrating property title deeds onto the XRPL, the initiative introduces transparency and efficiency while enabling fractional ownership, allowing multiple investors to co-own properties. This approach is designed to expand market access and foster a more liquid, inclusive real estate ecosystem in Dubai.
Ripple’s Growing Influence in the UAE
Ripple’s latest venture builds on its expanding presence in the UAE. Earlier this year, Ripple became the first blockchain-enabled payments provider to receive licensing from the Dubai Financial Services Authority (DFSA). The company has further strengthened its foothold through partnerships with institutions such as Zand Bank and Mamo, both utilizing Ripple’s blockchain-based payment solutions. Additionally, Ripple’s stablecoin, RLUSD, received approval from the DFSA as a recognized crypto token within the Dubai International Financial Centre (DIFC), solidifying its regulatory standing in the region.
Positioning as a Key Infrastructure Provider
With a decade-long presence in the digital asset space and over 60 regulatory licenses globally, Ripple is positioning itself as a crucial infrastructure provider for financial institutions transitioning to blockchain-based systems. Its custody solutions are crafted to meet the highest compliance and security standards, catering to institutions seeking seamless storage, exchange, and movement of digital assets.
Ctrl Alt’s Expertise and the Future of Tokenization
Ctrl Alt, having tokenized assets worth over $325 million as of July 2025—including real estate, private credit, and alternative investments—brings extensive experience in financial engineering and blockchain infrastructure to this partnership. Its collaboration with Ripple highlights a growing trend: the fusion of regulated tokenization platforms with enterprise-grade custody solutions to facilitate real-world asset integration on blockchain networks.
Current Market Insights
As of the latest market update, XRP is trading at $2.92, reflecting its growing adoption and significant developments in the blockchain sector.
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