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UAE Selects Ripple’s XRP Ledger for Real Estate Transactions
Olumide Adesina•Sunday, May 25, 2025•1 min read
Quick Overview
- The UAE has chosen Ripple’s XRP Ledger for its real estate tokenization program, which has over 3,000 registered investors.
- This initiative is the first of its kind for real estate tokenization in the MENA region, currently limited to Emirates cardholders who are UAE residents.
- The Dubai Land Department has partnered with Prypco Mint and Ctrl Alt to tokenize ownership deeds for government-owned properties.
- Ripple is actively promoting real-world assets on XRPL and has begun onboarding institutions into its payments service following regulatory approval.
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The UAE has officially selected Ripple’s XRP Ledger as the underlying blockchain technology for its groundbreaking real estate tokenization initiative. This ambitious project boasts more than 3,000 registered investors eager to participate in the emerging digital real estate market of Dubai.
The Overview of the Initiative
Senior executive Mahmoud AlBurai from the Dubai Land Department (DLD) recently detailed this significant development in a LinkedIn post, emphasizing the overwhelming enthusiasm expressed by potential investors on the waitlist. This initiative represents a pivotal moment, marking the first-ever tokenization effort for real estate in the Middle East and North Africa (MENA) region. Currently, only Emirates cardholders who are residents of the UAE can partake in this promising venture.
Despite the current limitations, interest in the program has surged, driven by the involvement of various regulatory bodies committed to advancing its objectives. The pilot phase of the project operates on the XRPL, prompting questions about its exclusivity and the potential for expansion to additional networks in the future.
Partnerships and Tokenization Ventures
The Dubai Land Department has partnered with blockchain players Prypco Mint and Ctrl Alt to facilitate the tokenization of ownership deeds relating to government-owned properties. Through this innovative approach, the DLD aims to allow investors fractional ownership stakes in these properties, thus democratizing access to real estate investments in Dubai.
Ripple’s Push for Real-World Assets
Ripple has been an enthusiastic promoter of real-world assets (RWA) on the XRP Ledger, recently showcasing its commitment by investing $10 million in tokenized U.S. Treasury bills through the OpenEden platform following its launch on XRPL. Additionally, the company allocated $5 million to a tokenized money market fund from the UK-based firm Abrdn last year. With the inclusion of real estate tokenization efforts, the XRPL is poised for increased institutional adoption.
To further enhance its presence in the market, Ripple has started onboarding institutions into its payments service after securing a payments provider license from the Dubai Financial Services Authority (DFSA). This move not only expands Ripple’s footprint in the UAE but also reinforces its role as a key player in the global blockchain landscape.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. With over 15 years of experience in investment trading, he closely tracks developments in the financial markets.
