Well, well, well. It seems like Dubai’s real estate market is about to get a whole lot more… interesting 🤔. Ripple, the company that’s been making waves in the crypto world, has partnered with UAE-based Ctrl Alt to bring tokenized property title deeds to the XRP Ledger. Because, you know, who needs actual paper deeds when you can have a digital token? 📝
- Ripple and Ctrl Alt are joining forces to expand institutional custody services in the Middle East, because someone has to keep all those digital tokens safe 🔒.
- Ctrl Alt will be using Ripple’s custody infrastructure to store tokenized property title deeds on the XRP Ledger, because who needs a filing cabinet when you have a blockchain? 📁
- Ripple’s technology will help manage fractionalized real estate titles, because who doesn’t want to own a fraction of a house? 🏠
Apparently, this is all part of Dubai’s government-led initiative to digitize its real estate sector. Because, you know, the future is digital… and also because it’s a great excuse to use buzzwords like “blockchain” and “tokenization” 🤖.
Ctrl Alt recently became the first VASP in Dubai authorized to offer issuer-related services under the Virtual Assets Regulatory Authority (VARA), which is a mouthful of a name if I’ve ever seen one 🤯. And Ripple was granted a license by the Dubai Financial Services Authority (DFSA) earlier this year, because who doesn’t love a good license? 📜
So, it seems like Dubai is becoming a bit of a hub for crypto activity. Who knew? 🤷♀️. Maybe it’s time to start buying up those tokenized property title deeds… or maybe not. I mean, who needs a house when you can have a digital token? 🤣
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2025-07-16 12:53