Dubai's Property Regulator Has Picked XRP Ledger to Anchor Its Flagship Real Estate Tokenization Project

Announced May 25, the Dubai Land Department's initiative will integrate blockchain-based deed issuance into its property ledger.

Dubai's property regulator has selected the XRP Ledger to underpin 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. This means on-chain ownership records will be directly linked to traditional registries.

The setup permits hybrid real estate transactions (part digital, part physical) with support for fractionalised investment starting at AED 2,000 (USD 545 or roughly AUD 838).

Matt Ong, CEO of Ctrl Alt, described the initiative as a “major endorsement” of tokenised finance:

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 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. In fact, estimates from Ripple, McKinsey, and BCG forecast trillions of dollars in tokenised assets flowing through public and private blockchains in the coming years.