- Dubai Land Department has chosen the XRP Ledger to anchor a major real estate tokenisation project, linking on-chain deed issuance directly to Dubai’s official property registry.
- The initiative allows fractional property investment starting at AED 2,000 (about US$545), using a hybrid model of digital and physical ownership powered by Ctrl Alt and Prypco’s minting platform.
- Tokenisation is gaining global traction, with firms like Ripple and McKinsey projecting trillions in future blockchain-based real-world assets, making Dubai’s move a high-profile step toward mainstream adoption.
Dubai’s property regulator has picked the XRP Ledger to anchor its flagship real estate tokenisation project, launching a multi-agency effort aimed at overhauling how ownership is recorded and accessed.
Announced May 25, the Dubai Land Department’s initiative will integrate blockchain-based deed issuance into its property ledger. That means on-chain ownership records will be directly connected to traditional registries.
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The setup allows for hybrid real estate transactions (part digital, part physical) with support for fractionalised investment starting at AED 2,000 (US$545 or roughly AU$838).
Matt Ong, CEO of Ctrl Alt, called the effort a “major endorsement” of tokenised finance:
We are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in embracing next-generation financial technologies is truly world-class and this project is a powerful signal of what’s to come.
Matt Ong, CEO of Ctrl Alt,The infrastructure will be delivered by Ctrl Alt, a blockchain firm tasked with ensuring that all title deed data can be issued and tracked on-chain. Meanwhile, Prypco, a Dubai-based investment platform, will manage real estate distribution through a token minting system. According to its site, the Prypco Mint platform is already live.
Tokenisation is Kind of a Big Deal
Tokenisation is pure magic on-chain. It takes real-world assets (RWAs), particularly real estate, and moves the data onto the blockchain, providing multiple benefits to investors, developers, and overall users.
Tokenisation as such has become a focus for global institutions seeking faster settlements and transparent ownership trails. Even estimates from Ripple, McKinsey, and BCG forecast trillions of dollars in tokenised assets flowing through public and private blockchains in the coming years.
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