Ripple and Ctrl Alt partner on Dubai's real estate tokenisation project
Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a strategic partnership with Ctrl Alt, a UAE-based tokenisation infrastructure platform. The partnership will see Ctrl Alt adopt Ripple's institutional-grade digital asset custody technology to support the Dubai Land Department's (DLD) pioneering Real Estate Tokenisation Project.
Under the initiative, Dubai's property title deeds will be tokenised and issued on the XRP Ledger (XRPL), with Ripple's custody solution providing secure and scalable storage for the digital assets.
Ctrl Alt, which revealed its involvement in the DLD initiative last month, is Ripple's first major custody partner in the UAE — a milestone that reflects the growing regional demand for compliant digital asset infrastructure. Ripple's global custody network now spans clients across EMEA, APAC, and Latin America.
'The
'This is the first time a government real estate registration authority in the Middle East has tokenised property title deeds on a public blockchain. That the DLD has chosen the XRPL for this is really exciting and reinforces the XRPL's credentials as the blockchain of choice for serious financial use cases. We're delighted that Ctrl Alt has chosen our institutional-grade digital asset custody technology to support the delivery of this project.'
Read:
Ctrl Alt also recently became the first Virtual Asset Service Provider (VASP) in Dubai to be licensed for issuer-related services by the Virtual Assets Regulatory Authority (VARA). The license enables Ctrl Alt to handle the end-to-end tokenisation process — from issuance and custody to on-chain settlement and asset lifecycle management — in a fully compliant manner.
'As the tokenisation infrastructure provider for the DLD Project, Ctrl Alt brings deep expertise in financial engineering and digital asset infrastructure, so it makes sense for us to partner with Ripple to use their custody technology to support this initiative,' said Matt Ong, CEO and founder of Ctrl Alt.
'Partnering with Ripple allows us to leverage proven and trusted technology that meets the highest security and operational standards. We're excited to work with them and bring Dubai real estate investment opportunities to a wider audience.'
Digital real estate transformation
The DLD's tokenisation project is seen as a major milestone in digital real estate transformation. By enabling fractional ownership of property, the initiative opens doors for broader investor participation and a more inclusive, transparent, and efficient real estate market. It also reflects Dubai's ambition to remain a global innovation hub by adopting cutting-edge blockchain infrastructure.
Ripple has been rapidly gaining traction in the UAE. Earlier this year, it became the first blockchain-enabled payments provider to be licensed by the Dubai Financial Services Authority (DFSA). Since then, it has secured partnerships with Zand Bank — another stakeholder in the DLD tokenisation initiative — and Mamo, which is leveraging Ripple's blockchain for cross-border payments.
In June, Ripple's RLUSD stablecoin was approved by the DFSA for use within the Dubai International Financial Centre (DIFC), adding to the company's growing compliance and product suite in the region.
With over 60 regulatory licenses and a decade of experience in digital assets, Ripple is increasingly being recognised for offering robust and compliant infrastructure to store, exchange, and transfer digital assets — positioning it as a trusted partner for tokenisation efforts worldwide.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
29 minutes ago
- Zawya
Masdar City free zone companies free to buy properties in Dubai
Dubai Land Department has signed an MoU with Masdar City, aiming to enable companies and establishments operating in the free zones under the mega Abu Dhabi development to own land plots and properties under the freehold ownership system in Dubai, within a clear and comprehensive regulatory framework. This comes as part of Dubai Land Department's efforts to enhance the competitiveness of the emirate's real estate market and expand the investor base by creating new opportunities for free zone companies, in line with the objectives of the Dubai Real Estate Strategy 2033. The deal was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, Chief Executive Officer of Masdar City, during an official ceremony held in Dubai, in the presence of several directors from both sides. Al Marri said: "We continue to expand access to Dubai's freehold market through collaborative models that enhance the integration of the real estate ecosystem across the UAE. Enabling companies registered in free zones to own property in the emirate aligns with our vision of building a more open investment environment that offers diverse ownership options." "We consider this a strategic step that adds significant value to the objectives of the Dubai Economic Agenda D33 by diversifying the investor base and stimulating new investment flows that contribute to market growth and sustainability, all in line with our leadership's vision of making Dubai the best city in the world to live and work," he stated. Under this MoU, both parties will collaborate on developing an integrated framework that includes clear eligibility criteria for establishments, along with the legal and administrative procedures required to complete the registration process. The co-operation will also ensure direct co-ordination between the Dubai Land Department and the Free Zone Authority to simplify and expedite procedures, enable smooth data exchange, and implement an advanced digital system for online applications, request tracking, and document verification - enhancing accuracy and transparency. Additionally, the partnership will provide guidance and support to companies, enabling them to understand the legal and procedural requirements better and ultimately fostering an environment that encourages ownership and investment. Baghoum said: "This initiative highlights Masdar City's commitment to supporting businesses with innovative solutions that address their needs. By simplifying property registration processes for companies operating within Masdar City's Free Zones, we are enabling them to expand their operations seamlessly while contributing to the UAE's long-term growth." "This partnership highlights our shared vision with DLD to create a business-friendly environment and reinforces Masdar City's position as a global hub for innovation and investment," he added.- TradeArabia News Service
The National
an hour ago
- The National
Why buying an electric vehicle is a smart financial decision
Electric vehicles once represented an idea in the distant future. Today, they are taking hold and making car buyers ponder the question: how do they measure up when considering the full cost of ownership? To begin with, it's important to look at the issue through more than just the lens of innovation or sustainability. At the heart of it, it's really about value - how that value holds up over time, and what it ultimately means to individuals and families trying to make smarter, long-term choices. Upfront vs long-term costs The conventional way to compare vehicles always started with the price tag. Although that number still matters, it doesn't tell the whole story. EVs may carry a higher upfront cost in some cases, especially in premium segments, but they often flip the script on running costs. Electric vehicles are fundamentally simpler machines. They don't require oil changes, have fewer moving parts, and brake wear is reduced through regenerative systems. Add to that lower fuel bills, fewer service visits and, over time, especially for high-mileage users, the math becomes harder to ignore. That said, there are a few areas where conventional cars could still give their electric counterparts a run for their money. Refuelling, for one. Pull into any petrol station, spend five minutes filling up, and you're back on the road. Compare this to 30 to 60-minute charging sessions for EVs. Environmental benefits too aren't clear-cut. That 'zero emissions' claim rings hollow when electricity comes from coal plants, and manufacturing those battery packs creates significant environmental impact, critics may point out. However, when analysed over their full lifetime and with cleaner grids in place, EVs are without doubt far cleaner than petrol and diesel vehicles. Watch: UAE-built electric vehicles on show at Make it in the Emirates 2025 Things to consider when buying EVs Charging strategy: Charging at home or at the office offers the lowest cost per kilometre. Relying solely on fast public chargers changes the economics. Battery performance: Most brands offer eight-year battery warranties, but performance still depends on climate, driving patterns, and charging habits. After-sales ecosystem: Choosing an EV isn't just about the car. It's about the brand's ability to support you with service, spare parts, and software over the long run. Resale trajectory: Traditional cars have a predictable depreciation path. The EV resale market is still maturing, but momentum is building. Especially for models with strong brand backing and software stability. EVs front-load more of the cost. Combustion vehicles often incur more over time. The difference lies in how you plan to use your car and how long you intend to own it. The switch to EVs also marks a shift in expectations. Drivers are beginning to think in longer cycles. Ownership is less about short-term trade-ins and more about consistent performance, lower operating costs, and technology that evolves with use. That doesn't make EVs the right choice for everyone, but it does explain why more people are moving in that direction, and why the ownership model itself is being redefined. From a customer perspective, we're seeing more first-time EV owners making the switch. Not because of trends, but because they've taken the time to re-evaluate what ownership really means. The economics, the long-term value and the shift in cost dynamics are becoming clearer. When drivers look beyond the sticker price and start factoring in charging, maintenance and long-term efficiency, not to mention doing their bit for the environment, the equation changes. What once felt like a leap now feels like a logical step.
The National
7 hours ago
- The National
Mubadala hosts business leaders on sidelines of DC Open in Washington
Abu Dhabi's strategic investment firm Mubadala has co-hosted a business convening with the Milken Institute and Citi on the sidelines of the Mubadala Citi DC Open in Washington. Speakers at the event were Mubadala deputy group chief executive Homaid Al Shimmari, US Commerce Secretary Howard Lutnick, G42 group chief global affairs officer Talal Al Kaissi, MGX chief strategy and safety officer David Scott, Milken Institute chairman Michael Milken, Washington Mayor Muriel Bowser, US tennis star Frances Tiafoe and others. Among the topics discussed during the Tuesday event included investment and policy priorities to advance economic growth. Key themes during the session included sport's role in Abu Dhabi's evolution as a global city, Mubadala's commitment to adding value and how sport is driving Washington's changing economy. Other themes included US facilitating foreign investment in the UAE, Mubadala's role as a key player in the Emirates' economic partnership with the US and the two countries' relationship in AI and artificial intelligence. The US and UAE have strengthened their relationship in the new technology in recent months, including the UAE's commitment to a $1.4 trillion investment framework in the US related to AI infrastructure, semiconductors, energy and manufacturing. In May, UAE President Sheikh Mohamed and Mr Trump witnessed the unveiling of plans for a new 5GW UAE-US AI Campus in Abu Dhabi during the president's visit to the country. Mubadala became a co-sponsor of the annual tennis tournament in 2023. The tournament is a 500-level event on the ATP and WTA tours, featuring a field of 48 players in the men's singles event and 28 players in the women's singles event.
