XRP Ledger Chosen for Dubai’s Real Estate Tokenization

XRP Ledger has taken a significant leap forward in global blockchain adoption as Dubai’s government chooses the platform to tokenize its real estate sector, marking a pivotal move towards a digitally enabled property market.

The Dubai Land Department (DLD), known for its progressive embrace of technology, has opted to utilize the XRP Ledger (XRPL) as the backbone for its ambitious real estate tokenization project. This initiative aims to enable fractional ownership of property assets in a secure and transparent manner, leveraging XRP Ledger’s high-speed and low-cost transaction capabilities.

Announced on May 25, the project involves key collaborations with the Dubai Future Foundation, blockchain infrastructure firm Ctrl Alt, and real estate investment platform Prypco. These alliances are expected to streamline property tokenization across the Emirate.

Ctrl Alt will manage the technology framework for token issuance and lifecycle tracking. Its platform connects blockchain ledgers with Dubai’s official property records, ensuring each transaction is anchored to real-world legal ownership. This innovative integration offers assurances for compliance and safety while facilitating seamless digital interaction.

Prypco Mint, the investment vehicle tied to this effort, allows users to participate in real estate markets by contributing as little as AED 2,000 (~$540), enabling fractional ownership through decentralized mechanisms. The CEO of Ctrl Alt, Matt Ong, praised Dubai for being at the forefront of integrating forward-thinking fintech: “We’re thrilled to establish the underlying infrastructure that powers this vision. It reflects Dubai’s leadership in driving the future of digital finance.”

The momentum behind this project is palpable — over 3,000 investors have already expressed interest in participating, according to Mahmoud AlBurai, a senior advisor at the DLD. Market forecasts project that this initiative could fuel up to $16 billion in real estate activity by 2033, which could account for around 7% of the city’s entire property market.

This development further cements Ripple’s XRPL as a go-to blockchain for institutional adoption, particularly in sectors like real estate, where trust and legal enforceability are paramount. This isn’t Ripple’s first foray into tokenized assets either — it previously invested $10 million in tokenized US Treasury bills and another $5 million to a Luxembourg-based fund in collaboration with Abrdn, focusing on tokenized money market instruments.

Dubai’s endorsement of XRPL reflects growing trust in the platform’s stability, scalability, and regulatory alignment. These traits make it particularly appealing for government and enterprise use cases where robust compliance and efficiency are non-negotiable.

Increasing attention has been paid to XRPL recently, with the network introducing new additions to its ecosystem. Just last week, it expanded its stablecoin offerings with new assets like EURØP, USDB, and XSGD, helping the ledger appeal to both fintech companies and traditional banks looking to test blockchain infrastructure in a regulated setting.

As the world shifts towards digital assets representing real-world value, Dubai’s integration with the XRP Ledger showcases a tangible commitment to leading the tokenization revolution. For XRP and Ripple, it’s another strong indicator of their rising global relevance — not just in payments, but in complex asset markets bound by regulation and tradition.

Related: Expert Advice: Sell XRP If You’re Confused

More about XRP and its evolving role in institutional finance can be explored through its growing list of high-profile integrations and partnerships.