XRP Ledger Powers Dubai’s $16B Real Estate Tokenization

XRP Ledger is at the heart of Dubai’s revolutionary leap into digital real estate, as the Dubai Land Department (DLD) debuts its groundbreaking tokenized property platform. The initiative supports the city’s larger vision of transforming $16 billion worth of physical property into blockchain-based assets by 2033.

Launched under the name Prypco Mint, the real estate tokenization platform was developed in collaboration with fintech firm Prypco. The newly launched portal enables investors to buy fractional stakes in Dubai’s real estate sector using the local dirham currency. Entry begins at just 2,000 dirhams (approximately $540), making high-value property investments more accessible to both small-scale and institutional investors, according to a press release from the DLD.

In its initial rollout, the platform is exclusive to holders of UAE identification cards and supports only dirham-based transactions. However, the DLD has revealed ambitions to expand global participation and incorporate new platforms soon. Financial servicing support comes from Zand Digital Bank, while oversight is ensured by key Dubai regulators including the UAE Central Bank, the Dubai Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation’s Real Estate Sandbox.

The technical framework facilitating this shift is built by tokenization infrastructure firm Ctrl Alt. The company opted for the XRP Ledger blockchain to digitize and record property title ownership. Notably, Ctrl Alt has achieved direct integration with the DLD’s internal systems to maintain coherence between blockchain data and traditional real estate records, as detailed in their official announcement.

This milestone builds upon Dubai’s broader strategy to lead in tokenization—a trend gaining rapid momentum in global financial markets. The government projects that by 2033, tokenized property will account for around 7% of the total transactions occurring within the city’s flourishing real estate sector.

Tokenization involves leveraging blockchain technology to represent real-world assets—such as properties, bonds, and funds—in a digital format. This approach is gaining favor with leading financial entities due to promises of improved operational efficiency and swifter, more cost-effective settlement processes. Key players in the industry, including Ripple, BCG, and McKinsey, believe tokenized assets could scale into a multi-trillion-dollar market within the next decade.

Read more: Ripple, BCG Project $18.9T Tokenized Asset Market by 2033

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

The integration of the XRP Ledger into the DLD’s property tokenization platform positions Dubai as a global leader in crypto-powered real estate innovation. With regulatory clarity and institutional support, the emirate is setting a compelling precedent for how major markets may embrace blockchain to unlock new asset classes and democratize ownership.