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XRP Marks Another Milestone As Dubai Brings $16 Billion In Real Estate Company To The Blockchain – Details - Overpasses For America

  • On May 25, 2025, the Dubai Land Department teamed up with Ctrl Alt to initiate a $16 billion initiative for tokenizing real estate assets using the XRP Ledger blockchain.
  • The project was developed as part of an initiative aimed at advancing real estate technology, enabling secure on-chain creation of title deeds and ensuring their alignment with conventional property registries.
  • Ctrl Alt integrated directly with Dubai Land Department, supporting fractional property ownership and aiming to grow Dubai's tokenized market to AED 60 billion by 2033.
  • CEO Matt Ong expressed enthusiasm about the collaboration with DLD, emphasizing their joint efforts to expand access to real estate investment opportunities.
  • The project marks a milestone in Middle Eastern real estate investment and may boost XRP demand, price, and broader blockchain adoption in property markets.
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IT News Direct broke the news in on Monday, May 26, 2025.
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