According to the Dubai Land Department and Ctrl Alt, $5 million in title-deed-backed tokens on the XRP Ledger are now tradable on a controlled secondary market, synced to the land registry and secured by Ripple Custody.
The Dubai Land Department (DLD) and Ctrl Alt launched a controlled secondary market for XRP Ledger–based real estate tokens, enabling resale of about $5 million in fractional property ownership. Roughly 7.8 million tokens tied to ten Dubai properties—each backed by title deeds—can trade on a regulated distribution platform, with transactions synced to DLD’s land registry and secured by Ripple Custody. This Phase Two rollout adds ARVAs to govern eligibility and trading conditions, and advances DLD’s roadmap to tokenize 7% (~$16 billion) of Dubai’s real estate market by 2033, following an initial platform built with Prypco and Ctrl Alt.