Dubai has made a groundbreaking move by launching the first government-backed real estate tokenization initiative using the XRP Ledger. This innovative project aims to revolutionize property record-keeping and trading, leveraging blockchain technology for increased efficiency and transparency. Key takeaways include: * Dubai Land Department has endorsed this ambitious effort, with Ctrl Alt and Prypco Mint providing the technological foundation. * Fractional ownership starting at AED 2,000 offers wider investment opportunities, while streamlined transactions facilitate accessibility.* The project is poised to have a global impact, potentially influencing blockchain adoption in real estate sectors worldwide. * Ripple’s regulatory license in the UAE adds further weight to this initiative. * The potential of fractional ownership lies in opening doors for broader investment participation.*