Dubai Moves $5M in Real Estate On-Chain with XRP Ledger
Dubai is fast-tracking blockchain real estate with Phase Two of its Real Estate Tokenization Project.
Led by the Dubai Land Department in collaboration with Ctrl Alt and secured through Ripple Custody, the initiative enables controlled secondary-market trading of tokenized properties directly on the XRP Ledger.
Robert Farquhar, CEO of MENA at Ctrl Alt, welcomed the initiative, emphasizing:
Phase Two expands on a successful pilot that tokenized 10 high-value properties worth over $5 million (AED 18.5M), issuing 7.8 million tokens representing fractional ownership. These tokens can now trade in a regulated secondary market, unlocking unprecedented liquidity and access in Dubai’s real estate sector.
Leveraging the XRP Ledger, which commands a 63% share of the tokenized U.S. Treasury market and outpaces Ethereum, Solana, and Arbitrum, this initiative sets a new benchmark for secure, efficient property tokenization.
Dubai Advances Tokenized Real Estate
The project prioritizes transparency, governance, and investor protection. Secondary trading operates within a controlled pilot on the distribution platform, seamlessly aligning with land registry processes and safeguarding transaction integrity. All on-chain activity runs on the XRPL, leveraging Ripple Custody to ensure secure, immutable records.
Ctrl Alt, the tokenization infrastructure provider, drives Phase Two of Dubai’s Real Estate Tokenization Project. Building on Phase One, where it minted the original title-deed tokens, Ctrl Alt now powers secondary market trading and manages both ownership and Asset-Referenced Virtual Asset (ARVA) tokens.
These on-chain tokens enable regulated transfers and maintain a single, immutable record of property ownership, fully synchronized with Dubai Land Department systems. Meanwhile, Wall Street is poised to go on-chain with a permissioned decentralized exchange (DEX) launching on the XRP Ledger (XRPL).
This milestone signals more than a technical breakthrough, it’s a major leap toward mainstream adoption of tokenized real-world assets. By digitizing property ownership and enabling fractional trading, Dubai is democratizing real estate investment while boosting market efficiency.
With XRP Ledger’s new token escrow supporting treasury management, automated transactions, and decentralized marketplaces, Phase Two is transforming Dubai’s pilot program into a fully regulated, scalable ecosystem.
The initiative showcases blockchain’s potential to make high-value assets transparent, liquid, and accessible, positioning Dubai as a global leader in regulated digital asset innovation and attracting significant international capital as tokenized markets grow.
Conclusion
Phase Two of Dubai’s Real Estate Tokenization Project highlights the city’s drive to fuse innovation with regulatory precision. By putting $5 million in property assets on-chain and issuing 7.8 million tokens for regulated secondary-market trading, Dubai sets a new global standard for transparency, liquidity, and accessibility in real estate.
The initiative modernizes property ownership and cements Dubai’s role as a leader in blockchain adoption for real-world assets, making investment opportunities more inclusive, secure, and efficient.
Source: https://coinpaper.com/14816/dubai-tokenizes-5-m-in-real-estate-on-xrp-ledger-7-8-m-property-tokens-go-live
