R
ipple advocate John Deaton has brought renewed focus to a key feature of the XRP Ledger (XRPL) that's been around since 2012: its potential for tokenizing real-world assets, particularly real estate. This comes on the heels of Dubai Land Department's announcement of its first real estate tokenization platform built on XRPL. The new platform will allow residents in Dubai to buy fractional shares of properties using blockchain technology, making real estate investment more accessible.

    This move aligns with DLD's ambitious goal of achieving $16 billion in tokenized real estate by 2033. Deaton notes that XRPL was designed from the start to support RWA tokenization and has essential tools for integrating real estate assets. The latest development confirms XRPL's capacity to handle complex asset tokenizations effectively.

    Deaton also highlighted XRPL's pioneering role in decentralized finance (DeFi) innovation, including its 2012 launch of the world's first decentralized exchange (DEX). As institutional use cases like DLD's platform grow, XRPL is gaining attention and positioning Ripple's native token, XRP, for expanded utility and market growth. This milestone showcases XRPL's real-world applicability in revolutionizing real estate investment through decentralization and tokenization.

    As adoption accelerates, XRP could see stronger market momentum driven by increasing demand for RWA-backed DeFi applications.