Ctrl Alt and the Dubai Land Department (DLD) have officially launched their collaborative real estate tokenization project, with ambitious projections of a $16 billion market by 2033. Ctrl Alt serves as the key tokenization partner for the DLD in this groundbreaking initiative, working in conjunction with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation, and PRYPCO.
The project leverages the XRP Ledger (XRPL) to create a secure and efficient framework for tokenizing real estate title deeds. This innovative approach enables fractional ownership of properties, significantly lowering the barrier to entry for investors. Individuals can begin investing with a minimum amount of AED 2,000 (approximately $545) through the PRYPCO Mint platform.
The PRYPCO Mint platform, developed as part of this collaboration, is directly integrated with the Dubai Land Department’s infrastructure. This ensures real-time updates of real estate registry information on the blockchain, enhancing transparency and streamlining the investment process.
As of May 1, 2025, Ctrl Alt has already facilitated the tokenization of over $295 million in assets, demonstrating the early success and potential of this initiative.
This project aligns seamlessly with Dubai’s strategic vision for the future, as outlined in the Real Estate Sector Strategy 2033 and the broader Dubai Economic Agenda (D33). Both emphasize the importance of digital transformation and innovation in driving economic growth and attracting investment.
Key Highlights:
- Ctrl Alt and the Dubai Land Department have launched a real estate tokenization project on the XRP Ledger.
- The project aims to create a $16 billion market by 2033, allowing fractional ownership with a minimum investment of AED 2,000.
- Ctrl Alt is the tokenization partner, working with VARA, the Dubai Future Foundation, and PRYPCO.
- The initiative aligns with Dubai’s broader digital transformation strategies for the real estate sector.