Ctrl Alt has officially launched its tokenization partnership with the Dubai Land Department (DLD) for the Real Estate Tokenization Project, marking an advancement in property investment within the Emirate. This initiative, developed in collaboration with the Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation, utilizes the XRP Ledger to create a secure and compliant framework for tokenizing real estate title deeds.
By enabling fractional ownership, the project allows multiple investors to co-own properties with a minimum investment of AED 2,000 through the PRYPCO Mint platform. The DLD’s implementation of blockchain technology for property registration aims to enhance transparency and operational efficiency in the real estate market.
The initiative is projected to contribute to a tokenized real estate market worth AED 60 billion ($16 billion) by 2033, aligning with Dubai’s Real Estate Sector Strategy 2033 and broader economic goals. Matt Ong, CEO of Ctrl Alt, expressed enthusiasm for the project, highlighting its potential to broaden investor participation and modernize the real estate sector.
CoinMarketCap has acquired crypto derivatives analytics platform CoinGlass, combining one of crypto's largest price-tracking platforms…
Quant's QNT token surged after The Clearing House selected Quant to power key technology behind…
NVIDIA has launched its Open Agent Safety Platform, a new open security framework designed to…
Stand With Crypto has announced its first Senate endorsements of the 2026 election cycle, backing…
President Donald Trump and leaders from some of the world's largest AI and technology companies…
Dogecoin is getting a major utility upgrade as DogeOS launches a public testnet designed to…