DUBAI, UAE — May 25, 2025
In a groundbreaking move, Ctrl Alt has been selected as the tokenization partner for the Dubai Land Department (DLD). This collaboration marks the launch of a pioneering Real Estate Tokenization Project, a significant step towards redefining property investment in the Emirates. The initiative has been developed in partnership with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation, and PRYPCO, showcasing Dubai’s ambition to lead in asset tokenization.
As the chosen provider for tokenization, Ctrl Alt brings substantial expertise in financial engineering and digital asset infrastructure to the table. The collaboration has resulted in a secure, compliant framework for tokenizing real estate title deeds. Utilizing the XRP Ledger (XRPL) — a highly regarded decentralized layer 1 blockchain known for its stability and reliability — the project ensures that assets can be efficiently tokenized and exchanged. By integrating directly with the DLD, Ctrl Alt is setting a new standard in digital and traditional real estate synchronization, enhancing both transparency and investor confidence.
Notably, this project is a part of the Real Estate Evolution Space Initiative (REES) and stands as the first public blockchain-based tokenization endeavor of property title deeds by a government real estate authority in the Middle East. Consequently, the DLD is positioned as a frontrunner in making the real estate market in Dubai more accessible, efficient, and transparent. The initiative fundamentally changes the landscape of real estate investment by enabling fractional ownership, broadening participation among a diverse array of investors, and enhancing operational efficiencies.
Fractional ownership democratizes real estate investments, allowing multiple investors to collectively own a property. Through the newly launched PRYPCO Mint real estate platform, interested investors can begin participating with a minimum investment of AED 2,000. The platform aims to bridge the gap between traditional property transactions and modern digital solutions, allowing EID holders access to opportunities in this burgeoning market via mint.prypco.com.
The Real Estate Tokenization initiative is poised to contribute significantly to an anticipated AED 60 billion (~$16 billion) tokenized real estate market by 2033, equating to 7% of Dubai’s total property transactions. This projected growth underlines the urgent shift towards digital assets in the region and its implications for both local and foreign investors.
CEO and Founder of Ctrl Alt, Matt Ong, emphasized the importance of this initiative, stating: “We’ve been working closely with the DLD on this project for some time, and we’re delighted to take this major step together to bring real estate investment to a wider audience. As experts in the space, we are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in embracing next-generation financial technologies is truly world-class, and this project signals a powerful future.”
This strategic initiative aligns seamlessly with Dubai’s Real Estate Sector Strategy 2033 and the broader Dubai Economic Agenda (D33), both of which prioritize the integration of digital solutions to improve economic competitiveness, attract global investment, and modernize critical industries.
About Ctrl Alt
Ctrl Alt stands at the forefront of tokenization infrastructure, blending blockchain technology with expert financial engineering to provide tailored, compliant solutions in the alternative assets space. As of May 1, 2025, Ctrl Alt has successfully tokenized over $295 million in various assets, including real estate, private credit, funds, litigation finance, and much more.
For more information, please visit www.ctrl-alt.co or contact [email protected].
Ctrl Alt Solutions DMCC is licensed by the Dubai Virtual Assets Regulatory Authority (reference: VL/25/05/002) as a Broker-Dealer and as an Issuer. Our principal office is located at Level No 12, Uptown Tower, Dubai.
Media contact:
Lawrence Chiu
[email protected]
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SOURCE: Ctrl Alt
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