The Ministry of Lands (DLD) has opened the tokenization of the Middle East’s first government-backed property title deed, choosing the open source XRP Ledger (XRPL) as the settlement layer for pilots to expect to reshape the purchase and sale and financing of domestic real estate assets. The site launch developed under DLD’s Real Estate Evolution Space Program (REES) and executed by tokenization expert Ctrl Alt, synchronized with Dubai’s traditional land registry and a legally mandated bridge between XRP Ledger and Emirate’s long-term real estate systems.
Dubai turns to XRP Ledger
Ripple’s developer Arm welcomes the choice. In an article on X, Ripplex called the program a “big milestone in the Dubai property market”, adding that XRPL was selected “to make digital and exchange digital and real-world assets because of its decade-long reliability and stability.”
Ctrl Alt’s infrastructure creates a fractional marker token, each representing the direct economic benefit of registered property. The company has integrated its stack directly with the DLD database so that any on-chain transfer will immediately update the government ledger and retain legal termination while allocating paper transfers. Matt Ong, founder and CEO of CTRL ALT, said the team “works closely with DLD to bring real estate investment to a wider audience,” Dubai described the embrace of next-generation finance as “real world-class.”
During the pilot phase, qualified UAE holders can subscribe through Prypco Mint, with a minimum fare of AED 2,000 (approximately USD 545). The transaction settles in Dirhams, not cryptocurrency (Crypto), but ownership is recorded as a carrier token on XRPL. According to DLD forecasts, the project aims to issue cumulative points by 2033, about Dh60 billion (US$16 billion), equivalent to 7% of all real estate transaction forecasts for that year.
For policy makers, the initiative presents two title agendas: the 2033 Real Estate Sector Strategy and the broader Dubai Economic Agenda (D33), each requiring digital reforms to attract capital and enhance regulatory competitiveness. Supervision is distributed: DLD manages basic physical assets, while Virtual Asset Regulatory Authority (VARA) licenses CTRL ALT as a broker and trader and issuer to ensure that the deed meets the same source test as the plots it represents.
XRPL’s choice has enabled Ledger’s highest government integration to date. The chain process was launched in 2012 with nearly 2 million transactions a day, with a final limit of seconds and negligible network fees, and DLD is considered crucial to expanding the score real estate market without damaging the retail-grade user experience.
Ctrl Alt with a trailer: As of May 1, 2025, the London and Dubai-based company has provided $295 million in alternative assets, ranging from private credit to litigation financing. However, according to official statistics, real estate deployments put its infrastructure at the heart of the emirate, with its property division liquidating more than $218 billion in transactions last year.
Authorities use sandbox bills as a gateway to wider participation, but with a warning of risk of launches. CTRL ALT reminds potential investors that “virtual assets may lose their value completely or partially and suffer extreme volatility” and that score contract holders will not benefit from traditional investor protection schemes.
If pilots go on a planned scale, Dubai will become the world’s first jurisdiction to maintain mirrored records for every property transfer on the public blockchain, a real-time mirrored record on the public blockchain, a building leap that can compress weeks to minutes, expand access to high net worth buyers and provide regulators and developers with transparent, readable data streams that can be readable by machines. Currently, the ball is with early adopters: the Prypco Mint portal is live, the first apartments have been symbolized, and every transaction cannot be revoked to be placed on the XRPL’s consensus ledger, which has more signals that the emirates intend to place real estate on chains and on maps.
At press time, XRP was trading at $2.34.
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