Ripple and Ctrl Alt Collaborate to Revolutionize Dubai’s Property Sector, What are the Future Prospects?

Jakarta, Pintu News – Ripple, a leading company in blockchain technology, recently announced a strategic partnership with Ctrl Alt, a Dubai-based company.

The partnership aims to integrate secure digital asset storage technology within the real estate sector in Dubai. This move is expected to bring significant innovation in the way property ownership is managed and transacted in the Middle East.

Check out the full information below!

Strategic Partnerships with Big Impact

The partnership between Ripple and Ctrl Alt was announced on July 16 and is part of the Real Estate Tokenization Project initiated by the Dubai Department of Land (DLD). Through this partnership, Ctrl Alt will use Ripple’s institutional-grade storage technology to store real estate land deeds that have been tokenized using the XRP Ledger (XRPL).

This marks the first time a government authority in the Middle East has issued tokenized property deeds on a public blockchain. The technology provided by Ripple, known as Ripple Custody, will ensure secure and scalable storage for the tokenized land deeds.

This enables fractional ownership, greater transparency, and efficiency in property transactions. Ripple’s Reece Merrick described the project as a “forward-thinking” move and emphasized Dubai’s growing role in the global digital asset space.

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Service and License Expansion

Ctrl Alt, which was recently licensed as a Virtual Asset Service Provider (VASP) by the Dubai Virtual Asset Regulatory Authority (VARA), can now offer compliant token issuance and storage for real assets.

Ctrl Alt CEO, Matt Ong, stated that this partnership allows his company to use proven and secure technology to open up Dubai real estate investment to more people through tokenization and fractional ownership.

Ripple is now providing digital asset custody services in the United Arab Emirates for the first time. The company already serves institutions in Europe, the Middle East, Asia-Pacific, and Latin America. With over 60 global licenses, Ripple is well positioned to power secure and compliant digital asset services across the globe.

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Expansion and Collaboration in UAE

Ripple has gained momentum in the UAE after receiving its license from the Dubai Financial Services Authority (DFSA). Additionally, Ripple has partnered with Zand Bank and Mamo and received approval for their stablecoin, RLUSD, to be used in Dubai’s financial zone.

This partnership not only strengthens Ripple’s position in the Middle Eastern market but also demonstrates their commitment to complying with local regulations and supporting innovation in the financial industry.

Conclusion

The partnership between Ripple and Ctrl Alt in Dubai marks a new era in property management and transactions. By integrating blockchain technology in the real estate sector, they are not only increasing transparency and efficiency but also opening up investment opportunities to more people. This initiative will hopefully serve as a model for similar projects around the world, demonstrating the immense potential of blockchain technology in the real estate industry.

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Reference

• Crypto Times. Ripple Partners with Ctrl Alt to Expand in Middle East. Accessed on July 17, 2025
• Featured Image: Jina Coin