The post Dubai Launches XRP Ledger Real Estate Tokenization Trial appeared on BitcoinEthereumNews.com.

Dubai government is testing fractional real estate tokenization on the XRP Ledger (Ripple-linked). DLD’s project with Prypco, Ctrl Alt allows Dubai property investment from just AED 2,000 for users. VARA, CBUAE oversee Dubai’s trial, which targets a $16B tokenized property market by the year 2033. Dubai’s government has kicked off testing for a blockchain-based fractional real estate investment system, marking a new phase in the city’s digital asset strategy. The Dubai Land Department (DLD), in partnership with Prypco and Ctrl Alt, has set up the Real Estate Tokenization Project under the Real Estate Sandbox.  As reported, the trial is supported by the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE (CBUAE), and the Dubai Future Foundation (DFF), which will use the XRP Ledger as its blockchain infrastructure. The Dubai Land Department’s pioneering Real Estate Tokenization Project with Ctrl Alt is a massive milestone for Dubai’s real estate market. https://t.co/fQfPBfvxvj Couldn’t be more delighted that the XRPL has been selected as the blockchain of choice for this project thanks to… — RippleX (@RippleXDev) May 25, 2025 DLD, Prypco, Ctrl Alt Spearhead Real Estate Tokenization Project on Ripple’s XRP Ledger The platform for this Dubai initiative, known as Prypco Mint, is designed to allow tokenized investment in ready-to-own properties. As noted, investors can participate with a minimum contribution of AED 2,000. All transactions are carried out in UAE Dirhams, and cryptocurrencies are not permitted during the pilot phase. Each property listing includes pricing data, risk assessments, and technical specifications. Additionally, the project will allow investors to earn returns from rental income and capital gains without the need to manage properties directly. Related: Dubai Embraces Crypto Payments for Government Services and Digital Finance However, the DLD will record property ownership, while VARA will provide digital asset oversight. Only VARA-licensed firms…

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Filed under: News - @ May 26, 2025 10:23 am