Ripple has expanded its institutional custody services to the Middle East by partnering with UAE-based tokenization platform Ctrl Alt. The partnership aims to support the Dubai government's real estate digitization initiative.
Under the announced agreement, Ctrl Alt will use Ripple’s enterprise custody infrastructure to store tokenized title deeds issued by the Dubai Land Department (DLD). These documents will be stored on the XRP Ledger (XRPL).
Ripple's technology will play a critical role in ensuring the secure storage and lifecycle management of shared real estate titles. This structure forms a core component of Ctrl Alt's end-to-end infrastructure for asset tokenization.
Ctrl Alt recently became the first Virtual Asset Service Provider (VASP) authorized by Dubai’s Virtual Assets Regulatory Authority (VARA) to “provide issuer services,” allowing token issuances to be directly integrated with on-chain custodial services.
The deal is part of Dubai's growing interest in cryptocurrencies. Ripple was granted a license by the Dubai Financial Services Authority (DFSA) earlier this year.
*This is not investment advice.
