<ul><li>Dubai has launched its first government-backed tokenized real estate project on the XRP Ledger.</li><li>The initiative is spearheaded by the Dubai Land Department (DLD) and supported by various entities including the Virtual Assets Regulatory Authority, Dubai Future Foundation, and PropTech firm PRYPCO.</li><li>Ctrl Alt, a tokenization infrastructure platform, is the official tokenization provider for the project, collaborating with DLD to create a secure framework for issuing real estate title deed tokens.</li><li>This project under the Real Estate Evolution Space (REES) initiative enables fractional ownership, making Dubai's real estate market more accessible by lowering entry costs and increasing investor participation.</li></ul>

Dubai Launches First Government-Backed Tokenized Real Estate Project on XRP Ledger

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