Vet (@Vet_X0), a validator on the XRP Ledger (XRPL), has confirmed that the Dubai Land Department (DLD) has launched tokenized land deeds directly on the XRPL mainnet.
Vet, a validator for the XRP Ledger (XRPL), has confirmed that the Dubai Land Department (DLD) has begun issuing tokenized land deeds directly on the XRPL mainnet.
This follows up on a community member’s post about the development, which the validator has now verified with on-chain evidence. As the validator explains, these real estate tokens are backed by actual property titles.
This brings real estate-backed fractional ownership into decentralized finance on XRP and expands the ledger’s footprint in the realm of real-world asset (RWA) tokenization.
According to Vet, two properties have already been tokenized, and tokens listings have been made for five properties in total.
Real Estate tokenized on the XRP Ledger with actual proof on chain!
Can be used in XRPL Decentralized Finance!
Currently they tokenized 2 properties it looks like but created TL for 5 in total so far already. https://t.co/jshxrzMHFa pic.twitter.com
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