Dubai Unveils Government-Backed Blockchain Property Tokenization on XRP Ledger

Description

Dubai Land Department launched the Middle East’s first government-backed property tokenization project on the XRP Ledger, enabling global fractional ownership with full regulatory oversight and real-time blockchain settlement.

Authors

Harsh Notariya

Publish date

May 26, 2025

Publisher

BeInCrypto

Web URL

https://beincrypto.com/dubai-tokenizes-property-deeds-xrp-ledger

Referenced by

The Dubai Land Department launches Prypco Mint

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“We’ve been working closely with the DLD on this project for some time, and we’re delighted to be taking this major step together to bring real estate investment to a wider audience. As experts in the space, we are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in embracing next-generation financial technologies is truly world-class and this project is a powerful signal of what’s to come,” Matt Ong, CEO of Ctrl Alt said.

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Looking ahead, Dubai anticipates tokenized property value to reach AED 60 billion (about $16 billion) by 2033, representing 7% of total real estate transactions. The DLD’s hands-on involvement ensures strict regulatory oversight, appealing to international buyers and institutions alike.

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