Latest news with #CtrlAlt
Arabian Post
3 days ago
- Business
- Arabian Post
Ripple Partners Ctrl Alt for Dubai Tokenisation Drive
Ripple has formalised a partnership with UAE-based tokenisation platform Ctrl Alt to deliver institutional-grade digital asset custody services as part of a landmark initiative by the Dubai Land Department to digitise property ownership using blockchain infrastructure. The agreement will enable Ctrl Alt to leverage Ripple's custody solution to store and manage tokenised property title deeds on the XRP Ledger, as Dubai intensifies its push to integrate advanced digital frameworks into its real estate sector. The project marks a significant stride in DLD's broader strategy to streamline property transactions and increase market transparency by replacing conventional title documentation with blockchain-native digital representations. Ripple's institutional custody platform, designed for banks and financial institutions, will play a central role in securing and scaling the digital assets underlying Dubai's real estate tokenisation programme. Ripple's solution will ensure regulatory compliance, operational efficiency, and asset security as property titles are issued and exchanged through blockchain mechanisms. ADVERTISEMENT The announcement positions Ripple as a key player in the UAE's drive toward regulated digital asset ecosystems. The partnership also represents Ripple's first custody deployment in the UAE, expanding its global digital asset custody network into the Middle East and further solidifying its presence across EMEA, Asia Pacific, and Latin America. Ctrl Alt, which had disclosed its participation in the DLD project earlier, is building tokenisation infrastructure tailored for real-world assets such as real estate. The firm will integrate Ripple's technology to facilitate the issuance, transfer, and management of tokenised property deeds while ensuring institutional-grade security standards. The Real Estate Tokenisation Project aims to transform Dubai's property registry system by offering a fully digital framework that eliminates physical documentation and manual recordkeeping. Through the initiative, the DLD intends to increase efficiency in property ownership transfers, reduce fraud risks, and create a foundation for smart contract-enabled real estate solutions. By leveraging the XRP Ledger's speed and cost efficiency, the project also seeks to attract global investors and developers to participate in tokenised real estate offerings governed by transparent, immutable ledger protocols. Ripple's expansion into the UAE's digital asset space follows its broader global strategy to deliver enterprise-grade blockchain tools tailored to financial infrastructure, a focus that has intensified as global regulators and institutions begin adopting tokenisation at scale. Ripple's digital custody division — established through its acquisition of Metaco in 2023 — has emerged as a core offering, providing secure storage infrastructure for tokenised assets in both public and permissioned blockchain environments. Metaco's digital asset custody platform, which now underpins Ripple's institutional offering, was originally designed to meet the requirements of global banks and has been adopted by several financial institutions in Europe and Asia. Its integration with Ripple's payment and liquidity tools enables a seamless experience for enterprises managing digital asset portfolios alongside tokenisation and cross-border payment rails. ADVERTISEMENT Ripple's custodial framework offers support for a wide range of tokenised assets, including stablecoins, real-world assets, and CBDCs. It provides multi-tier security, granular permission controls, and compliance features needed for institutional applications. The company's leadership has highlighted tokenisation as a core theme in the evolution of financial infrastructure, predicting that trillions of dollars worth of real-world assets will migrate to blockchain ecosystems in the coming decade. Ctrl Alt's involvement in the DLD-led project comes as Dubai cements its role as a global testbed for blockchain innovation, with a supportive regulatory regime, ambitious smart city initiatives, and a growing appetite for Web3 integration. The company has built its platform to allow regulators, issuers, and investors to interact within a compliant digital asset ecosystem. Its participation in the project is expected to open the door for additional applications of tokenisation beyond real estate, including commodities, equities, and infrastructure. Dubai's real estate market, historically characterised by high-value transactions and global investor interest, is seen as an ideal candidate for tokenisation. By converting ownership documents into digital tokens recorded on a blockchain, authorities aim to offer fractional ownership models, enhance liquidity, and enable secondary market trading. The shift could also reduce costs and settlement times, while allowing retail and institutional investors to access real estate markets with lower capital thresholds. Ripple's role in the project is expected to be pivotal in meeting security, governance, and compliance requirements for digital custody. The partnership strengthens Ripple's position as a go-to infrastructure provider for tokenisation use cases and reflects its strategic intent to deepen engagement in jurisdictions with progressive digital asset frameworks.
Khaleej Times
4 days ago
- Business
- Khaleej Times
Ripple expands global custody footprint into Middle East with Ctrl Alt pact
Ripple, a leading provider of digital asset infrastructure for financial institutions, has announced a strategic partnership with Ctrl Alt, a leading tokenisation infrastructure platform. The partnership sees Ctrl Alt using Ripple's digital asset custody technology to support the Dubai Land Department's (DLD) pioneering Real Estate Tokenization Project by delivering scalable and secure storage for Dubai's tokenized real estate title deeds, which are being issued on the XRP Ledger (XRPL). Ctrl Alt, which announced its involvement in the DLD project last month, becomes Ripple's first major custody partner in the UAE, underscoring the growing demand for secure, compliant digital asset infrastructure in the region. Ripple's expanding global custody network now includes clients across Europe, the Middle East and Africa, Asia-Pacific and Latin America. 'The Dubai Land Department's Real Estate Tokenization Project is a perfect example of the type of forward-thinking, innovative initiative that is positioning Dubai at the heart of the global digital asset industry,' said Reece Merrick, Managing Director, Middle East and Africa, at Ripple. 'This is the first time a government real estate registration authority in the Middle East has tokenized 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.' Ctrl Alt recently secured its VASP license from VARA, becoming the first VASP authorized to conduct Issuer-related services. This regulatory milestone formally connects token issuance with custody of real-world assets, enabling a compliant tokenization process, from asset issuance to secure custody, on-chain settlement, and lifecycle management. 'As the tokenization 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, 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.' The DLD Real Estate Tokenization Project represents a significant milestone for asset tokenization and property investment in Dubai. With this move, Dubai is leading the charge toward a more accessible, transparent and efficient real estate market, broadening investor participation and enhancing operational efficiency. Through the tokenization of title deeds, it also enables fractional ownership of real estate, allowing multiple investors to co-own a single property. Ripple has experienced significant positive momentum in the UAE since becoming the first blockchain-enabled payments provider to be licensed by the Dubai Financial Services Authority (DFSA) earlier this year. In addition to establishing partnerships with Zand Bank, which is also partnering with the DLD project, and Mamo who will utilize Ripple's blockchain-enabled cross-border payments solution, Ripple's stablecoin RLUSD was recently approved as a recognised crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC).
Yahoo
5 days ago
- Business
- Yahoo
XRP Ledger to Star in Ripple- Ctrl Alt Deal to Tokenize Dubai Real Estate
Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai's government-led real estate digitization initiative. The deal, announced on Tuesday, will see Ctrl Alt use Ripple's custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP Ledger (XRPL). Ripple's technology will underpin the secure storage and lifecycle management of fractionalized real estate titles, which forms a key component of Ctrl Alt's end-to-end infrastructure for asset tokenization. Ctrl Alt recently became the first VASP in Dubai authorized to offer issuer-related services under the Virtual Assets Regulatory Authority (VARA), tying token issuance directly to on-chain custody. The move comes amid growing momentum for cryptocurrencies in Dubai. Ripple was granted a license by the Dubai Financial Services Authority (DFSA) earlier this year and has since launched partnerships with Zand Bank and Mamo, and secured approval for its RLUSD stablecoin within the Dubai International Financial Centre (DIFC). Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
5 days ago
- Business
- Zawya
Ripple expands global custody footprint into Middle East with Ctrl Alt
Dubai, UAE — Ripple, the leading provider of digital asset infrastructure for financial institutions, has today announced a strategic partnership with Ctrl Alt, a leading tokenization infrastructure platform. The partnership sees Ctrl Alt using Ripple's institutional-grade digital asset custody technology to support the Dubai Land Department's (DLD) pioneering Real Estate Tokenization Project by delivering scalable and secure storage for Dubai's tokenized real estate title deeds, which are being issued on the XRP Ledger (XRPL). Ctrl Alt, which announced its involvement in the DLD project last month, becomes Ripple's first major custody partner in the UAE, underscoring the growing demand for secure, compliant digital asset infrastructure in the region. Ripple's expanding global custody network now includes clients across Europe, the Middle East and Africa, Asia-Pacific and Latin America. 'The Dubai Land Department's Real Estate Tokenization Project is a perfect example of the type of forward-thinking, innovative initiative that is positioning Dubai at the heart of the global digital asset industry,' said Reece Merrick, Managing Director, Middle East and Africa, at Ripple. 'This is the first time a government real estate registration authority in the Middle East has tokenized 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.' Ctrl Alt recently secured its VASP license from VARA, becoming the first VASP authorized to conduct Issuer-related services. This regulatory milestone formally connects token issuance with custody of real-world assets, enabling a compliant tokenization process, from asset issuance to secure custody, on-chain settlement, and lifecycle management. 'As the tokenization 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, 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.' The DLD Real Estate Tokenization Project represents a significant milestone for asset tokenization and property investment in Dubai. With this move, Dubai is leading the charge toward a more accessible, transparent and efficient real estate market, broadening investor participation and enhancing operational efficiency. Through the tokenization of title deeds, it also enables fractional ownership of real estate, allowing multiple investors to co-own a single property. Ripple has experienced significant positive momentum in the UAE since becoming the first blockchain-enabled payments provider to be licensed by the Dubai Financial Services Authority (DFSA) earlier this year. In addition to establishing partnerships with Zand Bank, which is also partnering with the DLD project, and Mamo who will utilize Ripple's blockchain-enabled cross-border payments solution, Ripple's stablecoin RLUSD was recently approved as a recognised crypto token by the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). Due to its simple, secure, compliant digital asset infrastructure, Ripple is well-positioned to provide the core services that financial institutions need to store, exchange and move digital assets. Ripple has over a decade of experience in the digital asset space and holds 60+ regulatory licenses and registrations in various jurisdictions, including its DFSA license, which was granted in March 2025. About Ripple Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple's solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple's payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world tokenizes, stores, exchanges, and moves value. About Ctrl Alt Ctrl Alt is a leading tokenization infrastructure platform, combining blockchain technology with expert financial engineering to deliver tailored, compliant solutions in the alternative assets space. As of July 1, 2025, Ctrl Alt has tokenized over $325 million in assets, spanning real estate, private credit, funds, litigation finance and more. For further information, visit or contact info@ Ctrl Alt Solutions DMCC is licensed by the Dubai Virtual Assets Regulatory Authority (reference: VL/25/05/002) as a Broker-Dealer and as an Issuer. Our principal office is located at Level No 12, Uptown Tower, Dubai. Virtual Assets may lose their value in full or in part, and are subject to extreme volatility. Investors in Virtual Assets can lose all their money and do not benefit from any form of financial protection. Media Contacts Ripple - Ian Burge press@ Ctrl Alt - Lawrence Chiu press@
Gulf Business
5 days ago
- Business
- Gulf Business
Ripple and Ctrl Alt partner on Dubai's real estate tokenisation project
Image: Supplied 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.
