XRPL, launched in 2012, introduced the world’s first decentralized exchange (DEX) and was purpose-built for asset tokenization.
Dubai Land Department (DLD) unveiled its first real estate tokenization platform on the XRP Ledger, allowing residents to buy fractionalized property shares.
DLD aims to tokenize $16 billion worth of real estate by 2033, utilizing XRPL’s features to democratize property ownership and make real estate investment more accessible.
This development highlights XRPL's potential in DeFi and RWA integration, positioning it well in the growing tokenization trend globally.