🇦🇪 DLD and Ctrl Alt Go Live with Blockchain-Powered Property Ownership 🏠

🇦🇪 DLD and Ctrl Alt Go Live with Blockchain-Powered Property Ownership 🏠

A major milestone for the property and fintech sectors:

The Dubai Land Department (DLD) has officially launched the Real Estate Tokenization Project, in partnership with Ctrl Alt, the Virtual Assets Regulatory Authority (VARA), Dubai Future Foundation, and PRYPCO.

📌 What’s happening?

Ctrl Alt, a leading tokenization infrastructure platform, has integrated with DLD to tokenize property title deeds on the XRP Ledger — enabling secure, compliant, and transparent real estate investment on-chain.

📌 Why it matters:

This marks the first government real estate registration authority in the Middle East to adopt public blockchain-based tokenization of property titles.

Benefits include:

✅ Fractional ownership from just AED 2,000

✅ Broader investor participation (EID holders can access via mint.prypco.com)

✅ Seamless sync between blockchain and Dubai’s official property registry

✅ Transparent, efficient, and regulated infrastructure

📈 Projected Impact:

The initiative aims to fuel a $16 billion tokenized real estate market by 2033, equal to 7% of Dubai’s total property transactions.

It supports the Dubai Real Estate Sector Strategy 2033 and Dubai Economic Agenda (D33) — emphasizing innovation, investment accessibility, and tech leadership.

💡 Matt Ong, CEO of Ctrl Alt:

“Dubai’s leadership in embracing next-gen financial technologies is world-class. This project is a powerful signal of what’s to come.”

📊 Ctrl Alt has already tokenized over $295 million in assets across real estate, private credit, funds, and more — and now becomes the official infrastructure provider for one of the world’s most forward-looking real estate ecosystems.