Ripple has expanded its institutional custody services into the Middle East, partnering with UAE-based tokenization platform Ctrl Alt to support Dubai’s government-led real estate digitization initiative.
The deal, announced on Tuesday, will see Ctrl Alt use Ripple’s custody infrastructure to store tokenized property title deeds issued by the Dubai Land Department (DLD) on the XRP Ledger (XRPL).
Ripple’s technology will underpin the secure storage and lifecycle management of fractionalized real estate titles, which forms a key component of Ctrl Alt’s end-to-end infrastructure for asset tokenization.
Ctrl Alt recently became the first VASP in Dubai authorized to offer issuer-related services under the Virtual Assets Regulatory Authority (VARA), tying token issuance directly to on-chain custody.
The move comes amid growing momentum for cryptocurrencies in Dubai. Ripple was granted a license by the Dubai Financial Services Authority (DFSA) earlier this year and has since launched partnerships with Zand Bank and Mamo, and secured approval for its RLUSD stablecoin within the Dubai International Financial Centre (DIFC).
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