Ripple Expands in UAE with Ctrl Alt Deal for Dubai Land Blockchain Project

• Ripple partners with Ctrl Alt to tokenize property title deeds on XRPL for Dubai Land Department’s project.
• Ctrl Alt gains VARA licensing, enabling full asset tokenization lifecycle, from creation to on-chain settlement.
• Blockchain firm cements UAE presence with custody tech, RLUSD approval, and regional partnerships like Zand Bank and Mamo.

Ripple, a global digital asset infrastructure company, has formally aligned with tokenization platform Ctrl Alt to facilitate the Dubai Land Department’s (DLD) historic Real Estate Tokenization Project. This alliance is a historic moment for blockchain usage, whereby Dubai becomes the first Middle Eastern government to tokenize property title deeds on a public blockchain, the XRP Ledger (XRPL).With this strategic agreement, Ctrl Alt will use Ripple’s institutional-grade digital asset custody technology to enable secure, scalable storage for the tokenized real estate titles. This development not only underscores Ripple’s expanding footprint in the Middle East but is also a reflection of the growing need for compliant digital asset infrastructure for the region.

It is Ripple’s first significant custody agreement for the UAE but now spans Europe, Asia-Pacific, Latin America, and the Gulf. Blockchain firm Middle East and Africa Managing Director Reece Merrick stressed that the Dubai Land Department project is a blueprint for governments to utilize blockchain for innovation. He observed that employing the XRPL for the high-profile public project bolsters the ledger’s credibility as a reliable platform for institutional-grade applications.Ctrl Alt was recently licensed by Dubai’s Virtual Asset Regulatory Authority (VARA) as a Virtual Asset Service Provider (VASP), becoming the first licensed for issuer-related services. This is a significant regulatory milestone that now enables a full tokenization lifecycle from asset creation, through safe custody, to on-chain settlement and management.