Dubai Launches Phase Two of Real Estate Tokenization Pilot

Dubai launches Phase Two of its real estate tokenization initiative, enabling secondary trading, improving liquidity, strengthening transparency, governance, and investor protection.

Dubai has activated Phase Two of its Real Estate Tokenization Project. The initiative launches regulated secondary trading of tokenized property stakes for the world.

Dubai Land Department Opens Secondary Market for Property Tokens

Phase Two is based on a pilot in which 10 properties were tokenized with success. Those assets were valued at more than $5 million or AED 18.5 million.

Thrilled to see Phase Two launch for Dubai @Land_Department Real Estate Tokenization Project! Building on the pilot, controlled secondary market trading is now live for tokenized properties on the XRP Ledger, secured by @Ripple Custody via our partner @CtrlAltCo

This is massive…

— Reece Merrick (@reece_merrick) February 20, 2026

There are about 7.8 million tokens issued earlier and are now eligible for resale in a controlled manner. As a result, liquidity and access to investors are likely to improve across Dubai’s market.

_Related Reading: _****UBS Plots Gradual Entry Into Crypto Trading With Long-Term Tokenization Strategy | Live Bitcoin News

The secondary phase assesses the efficiency, preparedness, governance, transparency and investor protection standards. In addition, trading is conducted under a regulated pilot framework for transaction integrity.

All on-chain transactions are still running on the infrastructure of the XRP Ledger for settlement. Additionally, Ripple Custody secures assets to comply and institutional security requirements.

Ctrl Alt Expands Infrastructure Role in Dubai Tokenization Program

Ctrl Alt minted and issued the original title deed ownership tokens before. Now, the firm uses secondary market functionality built directly into DLD systems.

This integration enables deeds to be issued, managed, and transferred entirely on-chain. Therefore, the ownership records are updated and consistent with official registries at all times.

For Phase Two, Asset-Referenced Virtual Asset management tokens are issued by Ctrl Alt that facilitate transfers. Both ownership and management tokens are registered on-chain and create immutable unified registers.

The structure is based on Ctrl Alt being a licensed Virtual Asset Service Provider. It also has a VARA Issuer and Broker-Dealer licenses in support of regulated operations.

Robert Farquhar, CEO MENA, Ctrl Alt, on government and innovation collaboration benefits. He said secondary trading opens up efficiency and enhances transparency and investor confidence worldwide.

Phase Two introduces ARVA management tokens to allow securely supported regulated secondary market transfers. These tokens are used to coordinate compliance checks and investor protection mechanisms cost-effectively.

Moreover, the controlled environment gives authorities the opportunity to make judgments about the readiness of operations and market behavior. Feedback from this stage will help inform broader future rollout decisions carefully.

Additionally, transparency remains central because blockchain records form immutable verification trails of ownership. Consequently, investors can view transfers and holdings with higher levels of confidence.

Furthermore, liquidity improvements may attract new regional and international real estate participants. Tokenization reduces barriers to entry while offering fractional opportunities to exposure on a global scale.

Meanwhile, regulators are keeping a close eye on transaction integrity within the pilot trading framework. This oversight facilitates the alignment with Dubai’s land registry and legal structures.

Dubai Officials Promote World-Standard Tokenization Framework

Ctrl Alt’s tokenization engine performs all of the secondary trades, ensuring the accuracy of registry synchronization. Therefore, the data discrepancies between blockchain data and official records are minimized at all times.

Ripple Custody is continuing to protect assets in the form of tokens with institutional-grade storage and security systems. Moreover, custody infrastructure helps build trust in investors and regulatory stakeholders alike.

Dubai officials say the initiative is a world standard for tokenized property innovation. Consequently, other jurisdictions can learn from the development of the regulatory and infrastructure framework in Dubai.