In a landmark move toward blockchain-powered property innovation, the Dubai Land Department (DLD) has officially launched its Real Estate Tokenization Initiative on the XRP Ledger (XRPL), in partnership with Ctrl Alt and PRYPCO Mint.
This pioneering project is set to redefine property ownership in the UAE by leveraging XRPL’s speed, scalability, and transparency to tokenize real estate title deeds—bringing new liquidity and accessibility to the real estate market.
A Government-Backed Leap Into Blockchain
The initiative is being rolled out in collaboration with the Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation, ensuring regulatory compliance while embracing innovation. The DLD’s integration of blockchain aims to streamline property registration, boost operational efficiency, and enhance transparency across the sector.
Fractional Ownership, Powered by XRPL
Using the PRYPCO Mint platform, investors can now co-own real estate assets through fractional ownership starting at just AED 2,000 (~$540 USD). This opens up Dubai’s property market to a broader base of retail and institutional investors—eliminating many of the traditional barriers to entry.
Ctrl Alt CEO Matt Ong praised the initiative, stating it would modernize real estate investment and expand participation like never before.
“This isn’t just innovation—it’s infrastructure. XRPL is helping us reshape how the world owns and trades property,” said Ong.
Aligning with Dubai’s $16B Vision
The initiative aligns with Dubai’s Real Estate Sector Strategy 2033, aiming to build a tokenized real estate economy valued at AED 60 billion ($16 billion) by the end of the decade. The project supports the emirate’s broader economic goals to become a global leader in digital asset adoption and smart property infrastructure.
📌 With XRPL at the core of this real estate revolution, RippleXity will continue covering how blockchain is shaping the future of ownership in Dubai and beyond.
