Ripple to Power Dubai’s Real Estate Tokenization Project with Ctrl Alt Partnership

DUBAI, July 16, 2025 — Ripple has announced a strategic partnership with Ctrl Alt to provide institutional-grade digital asset custody for Dubai’s landmark Real Estate Tokenization Project. This initiative, backed by the Dubai Land Department (DLD), marks the first time a government real estate registration authority in the Middle East is issuing tokenized property title deeds on a public blockchain.

Ctrl Alt will leverage Ripple’s custody infrastructure to store and manage these tokenized assets securely. The project will run on the XRP Ledger (XRPL), chosen for its scalability, compliance, and security.

First Institutional Custody Partnership in the UAE

This collaboration makes Ctrl Alt Ripple’s first major custody partner in the UAE, reinforcing the region’s growing demand for compliant digital asset infrastructure. Ripple now supports custody clients across Europe, the Middle East, Asia-Pacific, Africa, and Latin America.

Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, called the project “a perfect example of innovation” and praised Dubai’s leadership in digital finance. He emphasized that the XRPL’s adoption by a government entity reflects its readiness for serious financial use cases.

Tokenization Meets Regulation

Ctrl Alt recently became the first VASP (Virtual Asset Service Provider) licensed by VARA (Dubai’s crypto regulator) to conduct issuer-related services. This regulatory approval enables end-to-end compliant tokenization, covering issuance, custody, settlement, and lifecycle management.

Matt Ong, CEO and founder of Ctrl Alt, stated that Ripple’s custody platform meets the highest security and operational standards. “Partnering with Ripple allows us to bring Dubai real estate investment opportunities to a wider global audience,” he said.