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>>Dubai mints $5 million in real‑estate tokens on the XRP Ledger, releasing 7.8 million property tokens.

Dubai mints $5 million in real‑estate tokens on the XRP Ledger, releasing 7.8 million property tokens.

crypthub

about 5 hours ago

Project Overview

Dubai Land Department, Ctrl Alt and Ripple Custody have launched Phase Two of the Real Estate Tokenization Project. The program moves $5 million of high‑value properties onto the XRP Ledger (XRPL). Tokens represent fractional ownership and can be traded within a regulated secondary market. The effort aims to merge blockchain efficiency with Dubai’s strict land‑registry controls.

Token Mechanics

Ten premium properties were tokenized into 7.8 million XRPL tokens, each tied to a land‑title deed. Controlled secondary‑market trading is enabled through Ripple’s custody and escrow features. All transactions are recorded immutably on the XRPL, syncing with the Dubai Land Department’s database. This structure provides investors with liquidity while preserving legal compliance.

Broader Impact

The initiative positions Dubai as a benchmark for secure, transparent digital‑asset markets. By democratizing access to real‑estate investments, it attracts global capital and showcases the XRPL’s speed over rivals like Ethereum. Phase Two paves the way for larger on‑chain asset classes and a permissioned DEX for real‑world tokens.

Dubai mints $5 million in real‑estate tokens on the XRP Ledger, releasing 7.8 million property tokens.

Project Overview

Token Mechanics

Broader Impact

Dubai mints $5 million in real‑estate tokens on the XRP Ledger, releasing 7.8 million property tokens.