Dubai Land Department has chosen the XRP Ledger for a real estate tokenisation project, allowing fractional property investment starting at AED 2,000.
The initiative connects on-chain deed issuance to Dubai’s property registry, enhancing ownership recording and access.
Ctrl Alt and Prypco's minting platform will power the hybrid model of digital and physical ownership for the project.
Tokenisation of real estate assets is gaining global traction, with projections of trillions in blockchain-based assets, making Dubai's move significant in mainstream adoption.