Ripple Enters UAE Market with Landmark Real Estate Tokenization Deal

Ripple has secured its first institutional custody deal in the United Arab Emirates, marking a major milestone in the company’s global expansion. Partnering with Ctrl Alt, a licensed Virtual Asset Service Provider (VASP) under Dubai’s Virtual Assets Regulatory Authority (VARA), Ripple will provide custody infrastructure for a landmark project by the Dubai Land Department. This initiative involves tokenizing real estate title deeds on the XRP Ledger (XRPL), making Dubai the first government-backed real estate registry in the Middle East to embrace public blockchain technology for property digitization.

Through Ctrl Alt’s Prypco Mint platform, investors can now access fractional real estate ownership with entry points as low as AED 2,000 (approximately $545). Ripple’s institutional-grade custody ensures the security, compliance, and audit-readiness of these tokenized assets, enhancing trust for both local and global investors. This integration demonstrates the practical use of blockchain in real-world applications, moving beyond crypto speculation into regulated finance and tangible assets.

The project leverages the speed, transparency, and efficiency of XRPL to streamline property title management, offering instant transferability, immutable audit trails, and broader market participation. For Ripple, this partnership strengthens its growing presence in the Middle East, adding to its prior achievements like the licensing of its RLUSD stablecoin and regional operations in the Dubai International Financial Centre (DIFC).

As Dubai continues to position itself as a global hub for fintech and digital innovation, Ripple’s involvement in such high-profile infrastructure projects could signal a broader adoption of blockchain solutions across sectors. The deal not only validates the XRPL’s scalability and compliance-readiness but also illustrates the UAE’s commitment to modernizing real estate and financial systems using next-gen technology. This partnership could serve as a blueprint for similar initiatives globally.