Ripple, in partnership with Ctrl Alt, announced a new project for real estate tokenization in Dubai. The project aims to ease access to the real estate market and enhance transaction transparency.
A New Era of Investment Real Estate in Dubai
Tokenized property deeds will enable individuals to purchase shares in real estate, simplifying market entry for investors without needing to acquire whole properties. Investments start at just AED 2,000 (~$545), attracting both retail and institutional investors.
The Region's First Government-Backed Project
This is the first government-backed initiative in the Middle East to utilize a public blockchain for property tokenization. A representative from Ripple stated that this project is a significant step in making blockchain applicable in real-world scenarios.
How It Works for Investors?
The project includes: * Fractional Ownership: the ability to invest in a portion of a property. * Tokenization Platform: Ctrl Alt handles token creation, backed by Ripple’s secure custody tech. * Entry Point: investments start as low as AED 2,000 (~$545). * Liquidity & Access: the model is open to global investors, enhancing market reach. * Compliance: governed under UAE’s Virtual Asset laws through VARA-licensed operations.
The partnership between Ripple and Ctrl Alt in real estate tokenization in Dubai opens new horizons for investors and highlights the growing role of blockchain in the real estate sector.
