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Ripple’s Role Expands as UAE’s Trojena Project Integrates Blockchain and Tokenized Assets
- Trojena project in the UAE integrates XRP and blockchain for programmable real estate and energy settlements.
- Dubai pilot program using XRP Ledger reduces real estate costs by almost 50%.
- Zand Bank issues regulated stablecoin and offers XRP-based custody through RippleNet.
- XRP facilitates instant, global payments for fractional ownership in luxury zones within the NEOM city.
- Trojena, part of Saudi Arabia's NEOM city, aims to host the 2029 Winter Olympics and is becoming a programmable economy.
- The area features a decentralized, renewable energy grid powered by solar, wind, and hydrogen.
- Energy pricing is real-time and integrated into smart contracts allowing for autonomous microsettlements.
- Blockchain technology is used for property ownership and settlement in Trojena's luxury zones.
- Dubai is testing the XRP Ledger for property trades to reduce costs and enable instant, fractionalized ownership.
- Zand Bank issues a Dirham-backed stablecoin under full regulation and provides RippleNet services including custody.
- Trojena allows global buyers to purchase fractional property units using digital currencies like XRP, USDC, or EURC.
- XRP's price is $2.33 according to CoinGecko, showing a 0.52% gain in 24 hours and a 3.30% rise in 7 days.
- Ripple's technology supports the merging of tokenized finance and smart infrastructure in the UAE.
- Ripple's tools play a key role in establishing a new programmable economy in NEOM and Dubai.
- The article was originally published on Blockonomi, highlighting Ripple's expanding role in the UAE's Trojena project.
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