Ripple Partners with Ctrl Alt to Expand in Middle East

TheCryptoTimesPublicado a 2025-07-16Actualizado a 2025-07-17

Ripple has partnered with Ctrl Alt to bring secure digital asset custody to Dubai’s real estate sector, marking a major step in its Middle East expansion.

This strategic partnership was announced on July 16 and helps the Dubai Land Department (DLD) in its Real Estate Tokenization Project. Ctrl Alt will use Ripple’s institutional-grade custody technology to store tokenized real estate title deeds issued on the XRP Ledger (XRPL).

This marks the first time a Middle Eastern government authority is issuing tokenized property deeds on a public blockchain. Ripple’s Reece Merrick called the project “forward-thinking” and praised Dubai’s growing role in the global digital asset space.

Ctrl Alt, recently licensed as a VASP by Dubai’s Virtual Assets Regulatory Authority (VARA), will now offer compliant token issuance and custody for real-world assets. Its CEO, Matt Ong, said the partnership allows Ctrl Alt to use proven and secure technology to help open Dubai real estate investment to more people through tokenization and fractional ownership.

This move makes Ripple’s digital asset custody services available in the UAE for the first time. The company currently serves institutions in Europe, the Middle East, Asia-Pacific and Latin America.

Ripple has been gaining traction in the UAE after receiving its license from the Dubai Financial Services Authority (DFSA). It has also partnered with Zand Bank and Mamo and received approval for its stablecoin RLUSD for use in Dubai’s financial zone.

With over 60 global licenses, Ripple is well-positioned to power secure, compliant digital asset services worldwide.

Also Read: Ripple Targets RLUSD Growth in Europe with MiCA License

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