Ripple Partners Ctrl Alt to Tokenize Dubai’s Real Estate Deeds on the XRP Ledger
Ripple's strategic partnership with Ctrl Alt brings tokenized property deeds to the XRP Ledger, enabling fractional ownership while expanding Ripple’s regulatory reach in the UAE and advancing Dubai’s tokenized real estate vision.
Ripple has announced a strategic partnership with Ctrl Alt to tokenize property title deeds in Dubai. The platform announced a press release on Tuesday.
The collaboration integrates Ripple’s institutional-grade digital asset custody technology into the Dubai Land Department’s (DLD) Real Estate Tokenization Project, with assets issued on the XRP Ledger (XRPL).
Dubai Embraces Blockchain for Real Estate Transformation
Dubai continues to push for leadership in global innovation in real estate by embracing blockchain technology. Through the DLD’s new initiative, property title deeds will be tokenized and issued on the public XRPL blockchain.
Nonetheless, the move aims to enable fractional ownership, allowing multiple investors to co-own a property and gain exposure to the booming Dubai real estate market. The initiative also provides for greater transparency and operational efficiency across the real estate industry.
“This is the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa. “That the DLD chose the XRPL for this project reinforces its position as the blockchain of choice for high-value financial use cases.”
Ripple Expands in the UAE as Ctrl Alt Secures Regulatory Edge
The partnership marks a significant milestone for Ripple in the Middle East. Ctrl Alt becomes Ripple’s first major custody partner in the UAE. Ripple’s global custody network now spans across Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
Ctrl Alt’s recent regulatory approval also adds further strength to this collaboration. The company became the first entity licensed by Dubai’s Virtual Assets Regulatory Authority (VARA) to offer issuer-related services as a Virtual Asset Service Provider (VASP). Additionally, the license enables Ctrl Alt to oversee the entire tokenization lifecycle under a Dubai-compliant framework.
With over 60 regulatory licenses worldwide and more than a decade of experience in digital asset infrastructure, Ripple continues to position itself as a trusted partner for financial institutions looking to tokenize and exchange RWA on-chain.
Ripple’s momentum in the UAE has been building steadily. Earlier this year, Ripple became the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority (DFSA). In March 2025, Ripple’s USD-backed stablecoin, RLUSD, received approval from the DFSA for use within the Dubai International Financial Centre (DIFC), further solidifying its standing in the region.
