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trl Alt, a leading tokenization infrastructure platform, has been announced as the partner for Dubai Land Department's (DLD) pioneering Real Estate Tokenization Project. This initiative, launched in collaboration with Virtual Assets Regulatory Authority (VARA), Dubai Future Foundation and PRYPCO, marks a significant step forward for asset tokenization and property investment in Dubai.
As the designated tokenization provider, Ctrl Alt brings expertise in financial engineering and digital asset infrastructure to the project. The company has worked closely with DLD to develop a secure and compliant tokenization framework, focusing on structuring, minting and placing real estate title deed tokens on-chain using the XRP Ledger (XRPL). This blockchain has been selected for its reliability and stability in tokenizing and exchanging digital and real-world assets.
Ctrl Alt has also integrated directly with DLD to synchronize both digital and traditional real estate ledgers, ensuring coordination between the on-chain and conventional property registration system. This enables a fully integrated and transparent tokenization process that aligns with local regulations and enhances investor confidence.
The project is part of the Real Estate Evolution Space Initiative (REES) and marks the first time in the Middle East that a government real estate registration authority has implemented public blockchain-based tokenization of property title deeds. The DLD aims to lead the charge toward a more accessible, transparent and efficient real estate market, enabling fractional ownership, broadening investor participation and enhancing operational efficiency.
By leveraging native tokenization, ownership of real estate has been fractionalized, allowing multiple investors to co-own a single property through the PRYPCO Mint real estate platform. This platform is now live, allowing investors to participate with a starting minimum investment of AED 2,000.
The initiative is projected to contribute to the growth of an AED 60 billion ($16 billion) tokenized real estate market by 2033, equivalent to 7% of Dubai's total property transactions. Matt Ong, CEO and Founder of Ctrl Alt, said, "We're delighted to be taking this major step with DLD to bring real estate investment to a wider audience."
This strategic initiative aligns with the objectives of Dubai's Real Estate Sector Strategy 2033 and the broader Dubai Economic Agenda (D33), both of which prioritize the adoption of digital solutions to boost economic competitiveness, attract global investment and modernize key sectors.
Ctrl Alt is a leading tokenization infrastructure platform that combines blockchain technology with expert financial engineering to deliver tailored, compliant solutions in the alternative assets space. As of May 1, 2025, Ctrl Alt has tokenized over $295 million in assets, spanning real estate, private credit, funds, litigation finance and more.
