close
close

topicnews · July 17, 2025

XRP Ledger to play in Ripple-CTRL Alt-Deal to token Dubai real estate

XRP Ledger to play in Ripple-CTRL Alt-Deal to token Dubai real estate


Ripple has expanded its institutional custody services to the Middle East and worked with the CtrL tokenization platform based in the VAE to support the real estate digitization of Dubai.

In the deal announced on Tuesday, the custody infrastructure of CTRL Alt Ripple is used to save tokenized ownership titles from the Dubai Land Department (DLD) in the XRP -Ledger (XRPL).

Ripple's technology will underpin the safe storage and life cycle management of fractional real estate titles, which form a key component of the End-to-end infrastructure of CTRL old for the tokenization of asset tokenization.

CTRL Alt was recently the first VASP in Dubai to be authorized to offer issuers in connection with the Virtual Assets Regulatory Authority (Vara), whereby the token emission was directly bound to chains to custody.

The move is in the middle of the growing dynamics for cryptocurrencies in Dubai. Ripple was given a license by the Dubai Financial Services Authority (DFSA) at the beginning of this year and has launched partnerships with Zand Bank and Mamo since then and has obtained approval for the RLUSD StableCoin in the Dubai International Financial Center (DIFC).