Ripple and Ctrl Alt Partner to Tokenize Dubai Real Estate on XRP Ledger

Ripple is deepening its footprint in the Middle East through a new partnership with UAE-based tokenization platform Ctrl Alt, aimed at supporting Dubai’s push to digitize real estate assets.

Announced Tuesday, the collaboration will see Ctrl Alt leverage Ripple’s institutional-grade custody infrastructure to store tokenized property title deeds on the XRP Ledger (XRPL). These tokenized titles, issued by the Dubai Land Department (DLD), will be securely managed throughout their lifecycle on-chain.

The initiative marks a key step in Dubai’s broader strategy to modernize real estate ownership and trading through blockchain-based infrastructure. Ripple’s technology will serve as the foundation for secure storage and management of fractionalized real estate assets, a cornerstone of Ctrl Alt’s tokenization framework.

Ctrl Alt recently became the first Virtual Asset Service Provider (VASP) in Dubai authorized to offer issuer-related services under the Virtual Assets Regulatory Authority (VARA). This allows tokenized property titles to be directly linked to regulated on-chain custody.

Ripple’s presence in the region has been growing steadily. Earlier this year, it received licensing approval from the Dubai Financial Services Authority (DFSA), established partnerships with Zand Bank and fintech firm Mamo, and secured regulatory greenlight for its RLUSD stablecoin within the Dubai International Financial Centre (DIFC).

The Ripple–Ctrl Alt partnership reflects increasing institutional adoption of blockchain infrastructure in the UAE, particularly in real estate and financial services.