Dubai’s Pilot Program Enables Real Estate Tokenization Using XRP Ledger

The Dubai Land Department (DLD) has launched a pilot program to tokenize property title deeds using the XRP Ledger (XRPL). This marks the first government-backed real estate tokenization in the Middle East. The initiative, part of the DLD’s Real Estate Evolution Space (REES) program, integrates blockchain-based deed tokens with Dubai’s official land registry and offers fractional ownership for physical properties. 🇦🇪