D
ubai has chosen XRP Ledger (XRPL) to power its groundbreaking real estate tokenization initiative, aiming to tokenize $16 billion worth of property by 2033. Over 3,000 investors have expressed interest in the project, which could account for 7% of Dubai's total property transactions.

    The Dubai Land Department (DLD) has partnered with Ctrl Alt, a blockchain infrastructure firm, to oversee the tokenization framework and ensure secure issuance and tracking of title deeds on-chain. This integration will link blockchain-based records with Dubai's traditional property ledger, creating a unified data system for digital and physical real estate transactions.

    Fractional ownership is now possible through Prypco Mint, allowing individuals to invest in property with as little as AED 2,000. Ctrl Alt CEO Matt Ong said: "We're proud to create the tokenization infrastructure that enables DLD's partners to offer fractional real estate to investors."

    Dubai's decision reinforces XRPL's influence in the tokenized asset space, driven by its fast transaction speeds, minimal fees, and compatibility with regulatory frameworks. Ripple has invested heavily in positioning XRPL for institutional adoption, including a $10 million investment in tokenized US Treasury bills via OpenEden.

    The addition of new stablecoin products to XRPL last week further broadened its appeal to fintech firms and traditional financial institutions exploring blockchain-based settlement and custody solutions.